Chinese tariffs could mess with U.S. soybean plans

Chinese tariffs could mess with U.S. soybean plans

The fate of canola prices hangs in the balance as American growers decide how to react to 125 per cent tariffs imposed by China

Soybeans could be headed for a wild ride this growing season, says an analyst. Rich Nelson, chief strategist at Allendale Inc., said the outlook ranges from “terribly bearish” to mildly bullish depending on tariffs and weather

“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg

ICE Canada Weekly: Canola in a good position

July contract to hit C$700/tonne, just when?

Canola futures are expected to climb higher on the Intercontinental Exchange in the coming weeks, commented Phil Speiss, trader with RBC Dominion Securities in Winnipeg. How quickly that happens is dependent on whether demand rationing kicks in or not.