Tony Tryhuk of RBC Dominion Securities said canola should stay rangebound if Canada’s trade war with China continues.
Tag Archives Oilseeds
ICE Weekly: No upside for canola if China situation continues: trader
Good weather pushes Alberta harvest along
Thanks to a stretch of good weather, Alberta farmers advanced their harvest 12 points during the week ended Sept. 29 to 89 per cent complete. The Alberta agriculture department said that’s seven points above the five-year average.
Good progress made in Sask. harvest
Combining in Saskatchewan is in the home stretch as the province’s agriculture department reported it at 84 per cent complete. Although the harvest advanced 16 points during the week ended Sept. 29, it was eight points behind the five-year average.
China’s canola, soybeans imports to drop one million tonnes each
China is expected to import one million tonnes less of canola in 2025/26 than in the previous marketing year, the United States Department of Agriculture attaché in Beijing projected. China was projected to acquire 3.10 million tonnes of canola this year versus 4.10 million in 2024/25.
More canola among AAFC’s 2025/26 projections
Agriculture and Agri-Food Canada made several upward adjustments to its supply and demand estimates, after including the data from the Statistics Canada production update earlier this month.
ICE Canada Weekly: Pressure on canola is coming
As canola futures find some ground on the Intercontinental Exchange during the week ended Sept. 24, the Canadian oilseed’s path will soon be a steady decline. That’s the assessment from Tony Tryhuk, trader with RBC Dominion Securities in Winnipeg.
Argentina throws wrench into China-U.S. soybean trade says Cordonnier
In an unexpected move, Argentina has seriously disrupted any possible new crop soybean purchases to be made by China from the United States, said analyst Michael Cordonnier of Soybean and Corn Advisor Inc. in Hinsdale, Ill.
ICE Canada Weekly: More declines on horizon for canola
Expect canola futures to fall back in the coming months, said analyst Jerry Klassen of Resilient Capital in Winnipeg. Klassen pointed to the Statistics Canada production update and China as two reasons for the coming declines.
Alberta harvest just ahead of average pace
The harvesting of all crops in Alberta reached 42 per cent complete as of Sept. 9, compared to the five-year average of 40 per cent. The provincial agriculture department noted combing was highlighted by little or no rain.
Manitoba farmers focused on harvesting
Combining in Manitoba advanced 11 points during the week ended Sept. 9, which brought the harvest to 40 per cent complete provincewide, Manitoba Agriculture reported.