Wow, this came out Friday from our leader JT doesn't it make you feel warm and fuzzy to keep farming.
Canada is optimistic it can make progress this year in talks to persuade China to allow imports of Canadian canola seed to resume, Prime Minister Justin Trudeau said on Friday, even as tensions between Ottawa and Beijing reach new highs.
Trudeau spoke hours after an industry group said Chinese importers had stopped buying Canadian canola, adding that purchases from the major customer were not expected to resume anytime soon.
“We’re going to roll up our sleeves and work with the Chinese officials to demonstrate that canola should continue to flow safely from Canada to China,†Trudeau said. “This is something we take very seriously .. we are optimistic we are going to be able to make headway this year".
My god why does he say that roll up our sleeves is that to make us think he actually works or knows what he is doing. Maybe our AG minister can stop tasting wine and looking at chicken farms and Dairy.
Canola futures ended sharply lower on Friday, with pressure coming from a statement from the Canola Council of Canada that China had stopped buying. May plummeted $14.30 to $453.90, July was down $14.10 to $462.50 and new-crop Nov. lost $14.10 to $474.80.
The market knows is all we are told and I would say they figured it out were screwed. Even some no Bids on Friday.
Canada's canola situation seen as dire. The concern is that seed is not moving at an average pace, says DTN. Over the past 10 weeks, the average weekly movement through licensed facilities (week 24 through week 33) is the lowest seen over this period in four years at 163,250 tonnes. The average weekly shipments over the past four weeks are even lower at 132,975. Should this 10-week average volume be extended over the remaining 19 shipping weeks, total licensed exports would total 9.1 million tonnes.
It made the news in the USA and guess what they will take advantage of us with the USA/China Trade deal that is just about done.
Don't bet on Trump not looking out for his own country. Over the weekend it was found that he had nothing to do with Russia with the election like the Democrats have been blabbing since he won. MAybe he has it figured out, I think he does and will win in 2020 again. Canada will be worse than Mexico by then. Damage like this cant be fixed and Trudeau and the liberals are to blame.
There isn't an ounce of science behind the trade spat.
Prairie farmers are in a bind since Chinese importers announced they will no longer buy canola seed from Canada, John Guelly, the chair of the Alberta Canola Producers Commission, told CBC's Radio Active on Friday. "It's definitely not good," said Guelly. "Farmers in the area and across the prairies have a lot of grain still in the bin," he said, "and even though it may have been contracted, it may not be able to be delivered for a while because we don't have an end home for it."
Canola fund short position continues to grow. Fund traders remained on the short side in the ICE Futures canola market during the week ended Tuesday, adding to their large net short position, according to the latest from the U.S. CFTC. According to the latest report, managed money and other reportable speculators increased their net short position in canola by roughly 3,000 contracts, to 58,631, during the week ended. Tuesday.
This is serious. Take your income last year and knock off 40% tell me how paying your bills will work out next year.
Throw in a drought or something else and Crop insurance might be the best option.
Canada is optimistic it can make progress this year in talks to persuade China to allow imports of Canadian canola seed to resume, Prime Minister Justin Trudeau said on Friday, even as tensions between Ottawa and Beijing reach new highs.
Trudeau spoke hours after an industry group said Chinese importers had stopped buying Canadian canola, adding that purchases from the major customer were not expected to resume anytime soon.
“We’re going to roll up our sleeves and work with the Chinese officials to demonstrate that canola should continue to flow safely from Canada to China,†Trudeau said. “This is something we take very seriously .. we are optimistic we are going to be able to make headway this year".
My god why does he say that roll up our sleeves is that to make us think he actually works or knows what he is doing. Maybe our AG minister can stop tasting wine and looking at chicken farms and Dairy.
Canola futures ended sharply lower on Friday, with pressure coming from a statement from the Canola Council of Canada that China had stopped buying. May plummeted $14.30 to $453.90, July was down $14.10 to $462.50 and new-crop Nov. lost $14.10 to $474.80.
The market knows is all we are told and I would say they figured it out were screwed. Even some no Bids on Friday.
Canada's canola situation seen as dire. The concern is that seed is not moving at an average pace, says DTN. Over the past 10 weeks, the average weekly movement through licensed facilities (week 24 through week 33) is the lowest seen over this period in four years at 163,250 tonnes. The average weekly shipments over the past four weeks are even lower at 132,975. Should this 10-week average volume be extended over the remaining 19 shipping weeks, total licensed exports would total 9.1 million tonnes.
It made the news in the USA and guess what they will take advantage of us with the USA/China Trade deal that is just about done.
Don't bet on Trump not looking out for his own country. Over the weekend it was found that he had nothing to do with Russia with the election like the Democrats have been blabbing since he won. MAybe he has it figured out, I think he does and will win in 2020 again. Canada will be worse than Mexico by then. Damage like this cant be fixed and Trudeau and the liberals are to blame.
There isn't an ounce of science behind the trade spat.
Prairie farmers are in a bind since Chinese importers announced they will no longer buy canola seed from Canada, John Guelly, the chair of the Alberta Canola Producers Commission, told CBC's Radio Active on Friday. "It's definitely not good," said Guelly. "Farmers in the area and across the prairies have a lot of grain still in the bin," he said, "and even though it may have been contracted, it may not be able to be delivered for a while because we don't have an end home for it."
Canola fund short position continues to grow. Fund traders remained on the short side in the ICE Futures canola market during the week ended Tuesday, adding to their large net short position, according to the latest from the U.S. CFTC. According to the latest report, managed money and other reportable speculators increased their net short position in canola by roughly 3,000 contracts, to 58,631, during the week ended. Tuesday.
This is serious. Take your income last year and knock off 40% tell me how paying your bills will work out next year.
Throw in a drought or something else and Crop insurance might be the best option.
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