Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts continue to chop around in a narrow range these days, as the trade waits for the market to break one way or another. Canada and China recently agreed on rules over dockage that will see shipments of canola accepted at Chinese ports as long as they don’t […] Read more
ICE weekly outlook: Canola treads water looking for direction
Agricultural merger mania fuels fears among small seed sellers
Reading Time: 3 minutes Chicago | Reuters — The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters. The department has asked the American Soybean Association for details about how small and independent […] Read more
Newfoundland harvests first canola crop
Reading Time: 2 minutes Researchers in Newfoundland are set to test the oil and meal quality of the province’s first-ever canola crop after its harvest on Friday. The 30-acre research plot at Pasadena, N.L., about 30 km east of Corner Brook, “grew exceptionally well, surpassing our researcher’s expectations,” Steve Crocker, the province’s minister of fisheries, forestry and agrifoods, said […] Read more
Canola crush running close to full capacity
Reading Time: < 1 minute CNS Canada — Canadian canola processors are running at close to full capacity, with a near record weekly crush posted during the week ended Wednesday. The weekly canola crush, during the week ending Sept. 21, hit 190,623 tonnes — the second largest on record, according to Canadian Oilseed Processors Association (COPA) data. Crushers were operating […] Read more
China, Canada resolve canola dispute until 2020
Reading Time: 2 minutes 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
China now taking Canadian bone-in beef
Reading Time: 2 minutes China’s premier has announced the country will accept bone-in Canadian beef from cattle under 30 months of age (UTMs) starting today, according to the Canadian Cattlemen’s Association. The expanded access is expected to add another $10 million per year in exports to China in the short term, the CCA said, given that Canada’s beef cattle […] Read more
ICE weekly outlook: Canola crop size watched closely
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, although prices remain rangebound overall as market participants continue to try and get a better handle on the size of this year’s Canadian crop. While seasonal harvest pressure may be tempering the upside potential, that selling has not been as […] Read more
Grain trade still wary of satellite-based StatsCan estimates
Reading Time: 2 minutes CNS Canada — Statistics Canada’s second attempt at using satellite imagery to determine the size of the country’s crops is in line with trade guesses when it comes to canola — but market participants are still taking the new methodology with a grain of salt. The model-based principal field crop estimates, released Tuesday, are calculated […] Read more
Statistics data safe, official says, after agency head quits
Reading Time: < 1 minute Ottawa | Reuters — Statistics Canada data is safely stored and outsiders have no chance of accessing it, a senior official said on Monday after the chief statistician quit in protest over concerns about the agency’s independence. Canada’s Liberal government, which took power last November, is trying to resolve a number of major technological problems […] Read more
Viterra plans new elevator in eastern Saskatchewan
Reading Time: < 1 minute Glencore’s Prairie grain handling arm Viterra plans to boost its throughput capacity in east-central Saskatchewan with a new elevator at Wadena. Wadena, served by both Canadian National and Canadian Pacific Railways (CN, CP), already has a smaller Viterra elevator on each line. The two former Saskatchewan Wheat Pool elevators have capacity for 5,020 and 4,000 […] Read more
A message from April Stewart, Country Guide's Associate Editor
