Talking about trade.....

[fcr]

Sailing tru the Bahamas last night when the sky lit up. Stunned silence for a few minutes until we all realized it was another musk rocket catastrophe. Prob never see that again.

[blackpowder]

1. The Crow was not in Quebec. Or the East at all.
2. Quota is an asset. It would require compensation. See above.

I believe the NFU squabbled until the Crow payout proposal shrank considerably.

[dave4441]

China just announced 100% tariffs on Canadian canola oil, meal and field peas. This is a big issue.

[shtferbrains]

This goes back to the EV's and steel and aluminum?
As per usual China just picked their timing when the market was rising but hitting some Trump doubts. Someone with problems is seen as opportunity in China.
Normal strategy has been import trans-shipped product from a satellite like Vietnam after panicking the market?

And people wonder how we got so dependent on the US?

Trump will be crowing about the benefits of the 51st State from the crapper tonight?

From Grok for what it's worth;

"Fast forward to 2024: Canada slapped 100% tariffs on Chinese electric vehicles and 25% on steel and aluminum, citing unfair trade practices. China’s response? An anti-dumping probe into Canadian canola, announced in September 2024, claiming Canada’s exports harm their domestic industry. No tariffs have been imposed as of early 2025, but the threat alone sent canola futures tumbling 7% overnight. China buys about 65% of Canada’s canola seed exports—$5 billion CAD in 2023"

Don't forget about the contaminated with bugs embargo when we locked up Huawei’s Meng Wanzhou. Lasted from 2019 to 2022?
That was harder to figure out what was actually happening than today?

[AlbertaFarmer5]

Noteworthy that this only applies to oil and meal, not whole product.
In 2024, as per stats Can, China imported 821 tonnes of oil, out of 3,150,000 tonnes total exports. A drop in the bucket.

2 million tonnes of meal is significant at 35% of the total exports.

But is dwarfed by the whole seed exports at 5,863,794 tonnes to China, which appear to be exempt.

I wonder if this might be more about their plan to do all value added at home. The renewable diesel industry likely flooding their market with cheap meal.

[farmaholic]

Never has the old adage of the grain markets being 15% protein and 85% politics rung truer. I am so sick of being collateral damage from things "I" have NOT done. Last night someone said to me, "I'm almost to the point of not caring anymore".

The tariff may not be applied to whole canola seed but that's the base from where the tariffed oil and meal come from so guess what.... Sunday over night trading and Monday ICE canola futures are going to get spanked.

China imposes a retaliatory tariff on canola oil, canola meal and peas in response to Canada's tariff on Chinese EV's, steel and aluminum.
How many EV vehicles and how much aluminum or steel are produced in Western Canada and were is most of the canola grown? The Prairies gets gut punched then kicked in the nuts when we're down because of Ottawa's actions. Trump IS NOT a huge distraction in Western Canada, we've known loooong before Trump the elite power of Eastern Canada will sacrifice us in their favor all while having their jackboots on the Western Canadian's neck. Just look what they've done to our energy sector.

[poorboy]

China just announced 100% tariffs on Canadian canola oil, meal and field peas. This is a big issue.

Hopefully that means they keep buying canola and process it there. Not sure how much oil they actually buy from us.

[blackpowder]

Farma.
At a meeting Thursday. Chatted with a salesman from NS.
Listened to a presentation from a wonk living in Quebec working for Canadian Agri Food Policy Institute.
Those people are in such a flatulence filled bubble, that after 40 years, I find it hard to care anymore. Nothing changes.
Yet in the real world, all things come to an end.

[AlbertaFarmer5]

Hopefully that means they keep buying canola and process it there. Not sure how much oil they actually buy from us.

See my post above. China buys 0.02% of our oil exports.

[ajl]

China has had an import tariff on whole canola seed for a long time. It is 9% vs 3% for soy. I think these tariffs are still in effect. This tariff on peas is real bad news as growing pulses is the only way we had to keep the greedy fertilizer industry in check.