GFM Network News


Canola exports still sluggish, but grains solid

Canadian canola exports continue to lag behind the year-ago pace, with large supplies in the commercial pipeline, according to the latest weekly data from the Canadian Grain Commission. Canada only exported 69,900 tonnes of canola during the week ended Sunday, well below the 205,500 tonnes that moved the previous week. Total canola exports during the […] Read more

DowDuPont’s Corteva arm buys Clearfield canola system

On the market since last summer, BASF’s herbicide-tolerant, non-GMO Clearfield canola business in Canada and the U.S. has landed at the door of Corteva Agriscience. Corteva, the merged seed and chemical business of Dow and DuPont, announced Wednesday it has closed a deal to buy the Clearfield system, including its herbicide-tolerant canola trait and related […] Read more


ICE weekly outlook: Oversold canola still fundamentally bearish

ICE canola futures are starting to look oversold after falling contract lows during the week ended Wednesday. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. Signs that exports were perking up could also be supportive, […] Read more

Canadian canola runs into Chinese delays after Huawei arrest

Winnipeg/Beijing | Reuters — A political dispute between China and Canada over the arrest of a Huawei executive is slowing canola shipments through Chinese ports and causing some importers to hesitate to buy from their biggest supplier, according to interviews with a dozen traders. Since Canadian authorities arrested Huawei chief financial officer Meng Wanzhou in […] Read more


StatsCan canola stocks numbers point to big carryout

As two analysts looked at Statistics Canada’s latest report on total stocks of principal field crops, they immediately zeroed in on canola. Statistics Canada’s report, released Tuesday, shows canola stocks as of Dec. 31, 2018 were at 14.553 million tonnes, up 4.9 per cent from year-earlier levels, “The numbers are sort of in line with […] Read more






Canola trade on edge over China tensions

Canadian canola exports to China face some uncertainty as concerns mount that political tensions between the two countries could spill into trade. The back-and-forth tariff dispute between the U.S. and China, and resulting decline in Chinese purchases of U.S. soybeans, originally led to ideas that Canada would pick up some of the slack with increased […] Read more