Ottawa | Reuters — Canada and China have agreed on a solution to a trade dispute over $2 billion worth of annual canola sales, lasting to 2020, leaders of the two countries said on Thursday. The solution is “predictable, science-based and stable,” ensuring access for Canadian shipments to China, Canadian Prime Minister Justin Trudeau said […] Read more
Tag Archives dockage — page 2
China, Canada resolve canola dispute until 2020
ICE weekly outlook: Export uncertainty dogs canola
CNS Canada — Canola futures don’t appear ready to climb drastically higher anytime soon as uncertainty over Chinese buying weighs on the market, according to a Winnipeg trader and analyst. The recent grain stocks report compiled by Statistics Canada has become a source of pressure for canola, said Ken Ball of PI Financial. StatsCan’s report […] Read more
ICE weekly outlook: Canola sees ‘bump in a bear market’
CNS Canada — News that China would delay its implementation of stricter dockage restrictions on Canadian canola shipments gave ICE Futures Canada contracts a boost on Wednesday, but values are still trending lower overall. “It’s a bump in a bear market,” said analyst Errol Anderson of Pro Market Communications in Calgary, on the initial reaction […] Read more
China delays new canola rules in late reprieve for Canada
Beijing | Reuters –– China agreed on Wednesday to delay introducing stricter rules on shipments of canola from Canada while both countries work to end a months-long trade spat over sales of the oilseed, offering an 11th-hour temporary reprieve for Canada’s farmers. Just a day before the new standards were due to go into force, […] Read more
ICE weekly outlook: Canola watching China before harvest
CNS Canada — The canola market continues to watch and wait for the Chinese and Canadian governments to resolve a dispute over the amount of dockage allowed in imports of Canadian canola. Until that happens, canola may face growing pressure between now and next week. On Sept. 1, China is scheduled to lower the amount […] Read more
Wide canola crush margins show no sign of narrowing
CNS Canada –– Canola crush margins remain very wide, and are showing no signs of narrowing back in. As of Friday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $130 above the November contract, which compares with levels at the same time a year ago of $58. Crush margins provide […] Read more
ICE weekly outlook: Traders watch China, production numbers
CNS Canada –– Two main factors are dominating the ICE Futures Canada canola market, one analyst says, as prices are poised to meet resistance in the near-term. “The market is looking for some signs of resolution around this Chinese dockage situation, and it just continues to bring a lot of uncertainty,” said Jonathon Driedger, market […] Read more
No resolution on canola dockage rules from talks in China
CNS Canada — Canadian and Chinese officials met in Beijing last week to discuss potential solutions for an upcoming canola trade policy change, but were not able to find a solution ahead of a looming deadline. China’s quarantine authority is set to impose a standard that would allow just one per cent organic waste material […] Read more
Proposed Chinese canola dockage rules worry Canadian industry
Commodity News Service Canada – It’s a nervous time for Canada’s canola industry as it lobbies the Chinese government over a plan to impose new dockage rules on imports of Canadian canola on Sept. 1. That’s when China’s quarantine agency, AQSIQ, says the dockage allowances for Canadian canola will be pegged at one per cent, down […] Read more
ICE weekly outlook: Room for additional downside in canola
CNS Canada –– ICE Futures Canada canola contracts moved lower on the week, and the market’s declines are likely not finished yet, one analyst says. Canola lost $42.90 in the July contract and $35.60 in the November contract in the week ended Wednesday, as a rout of fund selling pressured the market. “I think we’ve […] Read more
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