ICE canola futures recovered off five-month lows over the week ended Sept. 10, but were lacking any clear direction as the harvest picks up across Western Canada and trade uncertainty with China persisted.
Tag Archives canola
ICE canola weekly outlook: Rangebound market looking for direction
StatCan stocks report sees drops in canola, wheat
Ending stocks of canola and wheat contracted significantly on the year, Statistics Canada said in its grains stocks report released on Sept. 9.
Canola groups disappointed in Carney’s plan to help growers, biofuel
‘Farmers should not be expected to borrow’
Two national canola organizations said they’re not pleased with the federal government’s announcement on helping canola growers and the biofuel industry. The Canola Council of Canada and the Canadian Canola Growers Association expressed their disappointment in a Sept. 5 news release.
Confusion over documents halts Ukrainian rapeseed, soybeans exports, union says
Short-term price volatility expected
The introduction of a 10 per cent duty on Ukrainian rapeseed and soybean exports has virtually halted Ukrainian exports due to a lack of clear government procedure on the documents needed for shipment, the country’s largest farmers union UAC said on Monday.
Government to invest in biofuel production
Carney announces $370 million to biofuel production
The federal government will invest $370 million in a new biofuel production incentive.
China delays final ruling in canola dispute with top supplier Canada
Analyst suggests deal could resolve tariffs on vehicles and metals
China on Friday prolonged its probe into Canadian canola imports, buying six more months for negotiations that could ease a year-long trade dispute sparked by Ottawa's tariffs on Chinese electric vehicles.
Federal government to unveil promised aid for canola sector soon
Supports for aluminum companies also promised ‘in the coming days’
Canada will soon unveil a series of promised measures to help the steel and aluminum sector deal with U.S. tariffs, and will also aid canola farmers, government officials said on Thursday.
ICE Canada Weekly: Canola looking at C$580
‘Lack of bullishness’ says trader
Without the Chinese market, it’s only a matter of time before canola futures are poised to break below C$600 per tonne in its November contract, said Phil Speiss, trader with RBC Dominion Securities in Winnipeg.
Australian crops to surpass 10-year averages
Canola 34 per cent above 10-year average
Australian farmers are forecast to grow slightly more canola and barley this year, while wheat production may dip, according to the latest estimates from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
Being proactive in storage, handling key to grain safety
Farm Safety: Canola is particularly susceptible to spoilage in storage
A key reason people become trapped in grain is because the stored product has gone out-of-condition. Put the other way, if the grain is in good condition, the less likely you are to have to enter the bin in the first place.
Cyber-Savvy Farmer
