China is out of the canola market.

[checking]

Tree too tough for you Parsley! I know what you can do. Go out on a limb where you can see the next crop to hit the rumour wire in a week's time.

Maybe it will be: China declares that too many coal mine disasters have decimated their canary population. Bird seed prices collapse in Western Canada.

I mean, carry on farmers! The brave new world of being able to sell only soybeans and corn can't get here quick enough.

And just for you - snitting is for little old ladies in rocking chairs who have another ball of yarn to toss at the passing public cat. Meow!!!

Seriously, I think we need to take the iniative and tell the world that everything we grow in Canada isn't worth a "pinch of coon ship." Nothing to lose as they are well on the way to telling us, one crop at a time.

LOL at a situation, worked for Letterman!!!

[agstar77]

Record oilseed production in China, depressed cooking oil prices, canola embargo Hmmmmm!

[Zaphod]

I think Agstar is right on (never thought I'd say that). They can't close the border with tariffs, so they pull this one out of the hat. The reason we were fooled is that the Chinese were buying like crazy right up to the announcement. There are six vessels of canola going to China scheduled out of Vancouver.

Parsley, are you going to make us beg for your source of info or was it just a crystal ball (an organic one)?

[agstar77]

I wonder how they stop cooking oil from entering? With all the increased crush capacity , could we not export more oil? Are the new plants rubbing their hands in glee hoping to get cheap canola?

[Zaphod]

I'm thinking they can crush it for a lot less money than we can. After all, they don't have to worry about environmental, worker safety, labour standards, product quality, etc. I doubt if we could price oil into that market.

[charliep]

You also have to look at China's tariff structure. Favors seed over oil. Canola
oil also has a higher tariff relative to other competing vegetable oils.

[ado089]

Pars, will you stop turning everything into organice vs conventional debate, 99% of it has nothing to do with the issue. I'm glad it works for you, but it's not for everyone. Asking the cutomer what they want works great when you are selling to a customer, but when that customer is a dictatorship of the largest population in the world they don't care if it's grown by kittens under a rainbow.

There is more to this than what we are being told. If you look at the last 6 months China has filled up on cheap oil and then bought Athabasca oilsands and their communist buddies N. Korea bought another upstream oil&gas co in Alberta, they've filled up on copper but I havent's heard about them buying any mines but they probably did. They filled up on beans and corn and are now building a potash mine. What's to say that they don't have enough canola already and now they want the land to grow it themselves. They don't care about blackleg.

[workboots]

couple articles released in the last 15 hours

http://ca.reuters.com/article/domesticNews/idCATRE59M3MN20091023

http://www.forbes.com/feeds/reuters/2009/10/23/2009-10-23T043410Z_01_SP192533_RTRIDST_0_CHINA-CANADA-CANOLA.html

[mcfarms]

Just so you kids know, This likely has more to do with nuts and bots or childrens toys than it does Canola.

Blackleg is already present in Chinese canola areas, this is a trade ploy under the guise of a phytosanitary requirement.

[parsley]

Yes, well us "kids" don't get that kind of in-update, wink, wink, from the CWB's Bejing mardarin, only the producers with designer contracts are privy to that kind of revelation.

[cottonpicken]

Is anyone else worried that the whole world seems to be attacking us at once?

[mcfarms]

Oh Pars you know you've got better trade inside info than most of us put together.... I got mine from one of the line companies briefing notes sent out. As well as a little google work. But I stand with my assesment that its an nice non wto way of screwing down the price for a bit? And or raising the domestic price for their growers if they have enough bought to cover the short term. Not COOL if you follow.