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Canola

(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola drops amid widespread pressure

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CNS Canada — ICE Futures Canada canola contracts suffered significant losses during a volatile week ended Wednesday. While futures managed to recover off their fresh contract lows hit during the week, the overall technical bias remained pointed lower. Weakness in the U.S. soy complex and vegetable oil market were joined by strength in the Canadian […] Read more
(Dave Bedard photo)
Canola, Crops, Markets, Reuters

Blackleg, big stocks seen behind China-Canada canola conflict

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Reuters — A “scientific disagreement” between Canada and China over the risk of transmitting the blackleg fungus is behind China’s move to raise its standard for Canadian canola imports, an industry official involved in discussions said. But some traders say the real reason for a higher standard that may slow Chinese imports is the country’s […] Read more
(Cia.gov)
Canola, Crops, Markets, Reuters

China tightens dockage rules on Canadian canola

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Reuters — The Canadian government confirmed Wednesday that China has toughened its standard for canola shipments, an action that traders say may discourage sales to the country. China, Canada’s top canola export market, notified Ottawa on Tuesday of the new measures, Canadian Food Inspection Agency (CFIA) spokeswoman Tammy Jarbeau said in an email statement. Reuters […] Read more
(File photo courtesy Canola Council of Canada)
Canola, Crops

Stacked LL/RR canola off the menu for 2016

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The first canola hybrid to stack Genuity Roundup Ready and LibertyLink traits in one seed won’t be on the market for this growing season. Just weeks after its Jan. 22 announcement of a limited launch for InVigor Choice LR250 for the 2016 season, Bayer CropScience Canada now says concerns over seed quality and export market access have […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola watching currency, soybeans

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CNS Canada — ICE Futures Canada canola contracts posted small gains during a choppy trading week ended Wednesday. Values were under pressure from the start due to a sharp break below major chart support on Feb. 9. Expectations of a large soybean crop from South America along with the ever-strengthening Canadian dollar put pressure on […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola posts gains as loonie plunges

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CNS Canada — ICE Futures Canada canola contracts advanced during the week ended Wednesday, on the back of currency action that made the commodity more desirable to international buyers. “This Canadian dollar has really helped out exports to China, Japan, Pakistan and Mexico,” said Wayne Palmer of Agri-Trend Marketing in Winnipeg. The loonie continued to […] Read more
(BungeMOE.com)
Canola, Crops, Reuters

U.S. blocks Hamilton crush plant’s canola meal

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Winnipeg | Reuters –– The U.S. Food and Drug Administration (FDA) halted a shipment of canola meal on Dec. 1 from a Bunge plant in Hamilton, Ont. because it appeared to contain salmonella bacteria, FDA records show. Salmonella can cause food-borne illness in humans. However, canola meal is mainly shipped to the U.S. for use […] Read more

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