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Trade Issues with China Dominates Headlines In 2019

Trade issues with China dominated the canola sector this year.
 
In March, China banned canola seed shipments from two of Canada’s biggest exporters, Richardson International and Viterra, over what it said was pests of concern found in their shipments.
 
Jim Everson, president of the Canola Council of Canada says earlier this month Canadian officials were on the ground in China to discuss technical issues in face-to-face meetings.
 
"We are working very closely with the Government of Canada. We have some excellent people in terms of our diplomatic core. We have a new ambassador in China who is very much aware of our issues from a canola perspective and its something that's top priority for our industry and for the Canola Council to reinstate our exporters in the Chinese market and return that market to a predictable one."
 
At this point China is only taking about a quarter of what they would normally take from us each month in canola seed exports.
 
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.