More scare tatics out of China??

[ColevilleH2S]

My bet is this will all blow over with China.

Probably just looking to stock up on some cheap Canola.

[mbratrud]

They have been doing that for the past 12 months!

[furrowtickler]

I hope it blows over, just sucks about the timing - bad for us - perfect for them. Overall, long term suplies shoud be tight going into spring and it should rebound.

[Zaphod]

It may not get real tight this spring unless our domestic crush picks up soon. The Americans have thrown up a trade barrier on our canola meal due to new restrictions on traces of salmonella.

[boarderbloke]

Any hope for India to step up in a big way? Seems they're usually only concerned about price?

[Zaphod]

India never buys Cdn canola. Pakistan and Bangladesh are more likely prospects.

[charliep]

For what it is worth, the below CGC publication provides a list of 2008/09 customers (page 14). Of the 7.8 mln tonnes of canola exported in 2008/09, 2.9 mln tonnes went to China. That still leaves 5 mln tonnes to other exporters. Japan second at 2.1 mln tonnes, Mexico third at 1.2 mln tonnes, US fourth at 700,000 tonnes, United Arab Emerites (bio diesel to Europe) at 500,000 tonnes.

Realizing the China situation is short term major problem, longer term and perhaps in your marketing plan you need to put this into perspective. Given exports to other countries of close to last year, Chinese business that will be shipped by Nov. 1 and domestic crush, there is still close to 10 mln tonnes of needs.

[charliep]

Forgot the link. Page 14.

[URL="http://www.grainscanada.gc.ca/statistics-statistiques/ecgwf-egcfb/2009/exports09-07-eng.pdf"]2008/09 exports statistics[/URL]

[rook]

this morning futures were up $2 but the local elevator widened basis by $23. Hope they can come to a common sense solution quickly - markets hate uncertainty.

[Zaphod]

Are US soybeans next?