The Chinese government shared more details as it formally started its anti-dumping investigation into canola from Canada on Monday. China’s Ministry of Commerce says the investigation, which was announced days after the Trudeau government unveiled steep tariffs on Chinese electric vehicles, steel, and aluminum, is expected to take up to one year, with a September… Read More
Category: Grain Markets
The question is not whether Canada is actually dumping canola into the Chinese market — that’s bunk, says Chuck Penner — the real question is how badly China decides to punish Canada for its recent announcement of levelling trade tariffs on EVs, steel, and aluminum. Penner, founder of Leftfield Commodity Research and recently named 60-year-old, says… Read More
China is launching an anti-dumping investigation into canola imports from Canada. The move is part of a series of actions announced by the Chinese government on Tuesday in response to the Canadian government’s announcement last week of a 100 per cent tariff on Chinese electric vehicle (EV) imports and 25 per tariff on Chinese steel… Read More
It’s no secret that there was still 2023 crop on-farm at the end of July. Some of that old crop won’t have moved even as the calendar flips to September. I’m not sure that this is uncommon during cycles where the market is in decline over an extended period. For three years prior, the best… Read More
More than nine thousand railway workers at both of Canada’s main railways — Canadian National Railway (CP) and Canadian Pacific Kansas City Railway (CPKC) — are returning to work after the Canada Industrial Relations Board (CIRB) decided to uphold the federal labour minister’s order to impose final and binding arbitration to reach new collective bargaining… Read More
Picton Terminals and Parrish & Heimbecker Limited have announced plans to build a bulk agricultural marine terminal at Picton Terminals in Ontario’s Prince Edward County. The partners say the new terminal will significantly reduce travel time for local farmers, alleviate truck traffic on Highway 401 and enhance the overall efficiency of the agricultural supply chain…. Read More
Monday’s USDA acreage report was a surprise to Chip Flory not because of the numbers in the report, but because the acreage adjustment happened so soon in the growing season. Flory, host of AgriTalk, says the USDA’s move to knock off 700,000 acres of corn and add a million soybean acres does make sense, but… Read More
There are several ways to manage through market doldrums, including trying to yield your way to profit, cutting back on input costs, or keeping an extra close eye on every market move to capitalize on brief rallies. Neil Townsend, market analyst with GrainFox, suggests one more way to navigate the current grain market trends: get… Read More
A new soybean crush plant in North Dakota — about 150 miles from the Canada-U.S. border — has started receiving soybeans as it ramps up operations. The North Dakota Soybean Processors (NDSP) facility at Casselton, ND — just west of Fargo — has been designed to process 125 thousand bushels per day and 42.5 million… Read More
A corn price bump in the last week might be the exception not the norm for the next few weeks, and Steve Nicholson, global sector strategist, grains and oilseeds, for Rabobank, says farmers should reward the market with some sales and then move on. With a few notable exceptions, the 2024 corn, soy, canola, and… Read More