Page 13 - August 5, 2019
P. 13
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he Weekly ANCHOR
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Farm & Fieldarm & Field
News and Views
News and Views
THE WEEKLY ANCHOR
PAGE 22 MONDAY JULY 22, 2019
THE WEEKLY ANCHOR MONDAY AUGUST 5, 2019 PAGE 13
T he Weekly ANCHOR
F
Farm & Fieldarm & Field
News and Views
News and Views
Canola market – what to do?
Upcoming market considerations for canola producers following China's import restrictions imposed in March
“Canola producers are well aware of those last year. Much of that seed sold for feed or to soybeans and vegetable oil.
import restrictions,” says Neil Blue, provincial small biodiesel plants, and most of that not “In addition, the loss of hogs from African
crop market analyst with Alberta Agriculture and recorded in CGC statistics.” swine fever is reducing feed demand in Asia.
Forestry. As for the canola inventory situation, Blue says However, some farmers did forward price new
According to the Canadian Grain Commission that there is little doubt that canola seed crop canola early on at higher prices via deferred Trade issues the focus
(CGC), to mid-July of the 2018-19 crop year, carryover as of August 1, 2019 is record high. delivery contracts or by using futures or
canola deliveries to the licensed Canadian “The 2019 Canadian canola acreage is lower at options.”
handling system totaled 17.6 million tonnes, just under 21 million acres, according to the June “During June and July, there were bids of more at agriculture meeting
down about 780,000 tonnes from mid-July 2018. Statistics Canada survey. Assuming average than $10 per bushel for No. 1 canola - not as high
CGC recorded canola exports totaled 8.9 million yields, lower exports and similar crush usage for as wished but still historically good. Off-grade
tonnes near crop year-end, down one million crop year 2019-20, Canadian canola carryover is No. 3 and sample canola is marketable, although The Federal, Provincial, and the middle of a bunch of
tonnes from last July. forecast similar to the 3.5 to 4 million tonnes discounted to a range of $5 to $9 per bushel, Territorial (FPT) Ministers of international fights that have
He says that export destination data are less estimated for July 31, 2019.” quality dependant. Canola basis levels have Agriculture concluded their two- nothing to do with them. The
current. “China, after a stronger start to He adds that although canola carryover will be varied widely, with some buyers bidding 50 cents day annual meeting in Quebec industry needs the federal
importing Canadian canola in crop year 2018-19, record-high, crop storage will not likely be an a bushel more than nearby competition. Some City on July 19. government to pay attention to
had imported 560,000 tonnes less canola seed issue for most farmers this fall. line elevator companies have offered basis During the meeting, the impacts of the current trade
from Canada to the end of May than in the same “That is due to exports of wheat, durum, barley 'specials,' resulting in prices near $10 per Agriculture and Forestry Minister issues on Alberta’s supply chain,”
10-month period last crop year. Lower exports of and lentils being significantly higher during bushel.” Devin Dreeshen strongly stated Devin Dreeshen, Minister
Canadian canola seed to Mexico, Japan and the 2018-19, more than offsetting the lower canola He adds that a rebound to higher canola prices recommended the federal of Agriculture and Forestry.
United States were also recorded.” exports and lower overall domestic usage.” is not in the near term forecast without resolution government take urgent action to Quick facts
India is a significant market for
PASSPORT PHOTOS & MORE “CGC reports to July 14 that domestic use With canola prices, Blue notes that the price of of the trade issue with China. provide support to the agriculture Alberta pulses such as dried peas
“A bright spot is domestic usage,” he adds.
industry in the short and long
“However, the marketing message remains -
totaled 9.1 million tonnes compared to 8.9 canola eroded in December 2018, following know the grade of your product and shop widely term. and lentils, totalling $28 million
lower forecasted soy complex prices and
The industry is currently
Professional Digital million tonnes to mid-July 2018. A large amount continued increases to world inventories of for the best pricing opportunities.” AgriNews experiencing numerous trade as of 2018.
Professional Digital
Until recently, Alberta’s durum
of high green seed count canola was harvested
Passport System issues across several markets wheat exports to the EU averaged
Passport System
including:
$67 million, with Italy
Restrictive practices involving
photos ready fumigation requirements and accounting for an average of $47
photos ready
million (70 per cent). In 2018,
in minutes quota restrictions on pulse crop Alberta’s durum exports to the
in minutes
EU dropped to $22 million, the
imports with India.
while you wait... Country of Origin Labelling lowest value since 2002.
while you wait...
Negative ramifications of
In 2018, Alberta’s agrifood
(COOL) on durum wheat exports exports to China totalled $2.6
T to Italy. billion, with canola seed
The Weekly Anchorhe Weekly Anchor
Continued trade tension
accounting for $812 million.
between Canada and China, with
Last year, pork was Alberta’s
5040 3rd Avenue, Edson040 3rd Avenue, Edson China blocking Canadian canola sixth-largest agriculture export in
5
value – we exported $492 million
from entering its market due to
an alleged pest issue and its worth of pork products to more
780-723-578780-723-5787
7 customs agency planning to than 20 nations.
Wheat and barley accounted
increase inspections of Canadian
for more than 93 per cent of
pork and pork product imports.
Continuation of Saudi Arabia’s Alberta’s agrifood exports to
ban on trade with Canada, Saudi Arabia between 2014 and
D PASSPORT PHOTOS & MORE including wheat and barley. 2017.
DROP IN AND SEE!ROP IN AND SEE!
“Alberta farmers are caught in
Professional Digital Passport System photos
ready in minutes while you wait...
D
DROP IN AND SEE!ROP IN AND SEE!
5040 3rd Avenue, Edson
5040 3rd Avenue, Edson
780-723-5787
780-723-5787
T
The Weekly Anchorhe Weekly Anchor
he Weekly ANCHOR
F
Farm & Fieldarm & Field
News and Views
News and Views
THE WEEKLY ANCHOR
PAGE 22 MONDAY JULY 22, 2019
THE WEEKLY ANCHOR MONDAY AUGUST 5, 2019 PAGE 13
T he Weekly ANCHOR
F
Farm & Fieldarm & Field
News and Views
News and Views
Canola market – what to do?
Upcoming market considerations for canola producers following China's import restrictions imposed in March
“Canola producers are well aware of those last year. Much of that seed sold for feed or to soybeans and vegetable oil.
import restrictions,” says Neil Blue, provincial small biodiesel plants, and most of that not “In addition, the loss of hogs from African
crop market analyst with Alberta Agriculture and recorded in CGC statistics.” swine fever is reducing feed demand in Asia.
Forestry. As for the canola inventory situation, Blue says However, some farmers did forward price new
According to the Canadian Grain Commission that there is little doubt that canola seed crop canola early on at higher prices via deferred Trade issues the focus
(CGC), to mid-July of the 2018-19 crop year, carryover as of August 1, 2019 is record high. delivery contracts or by using futures or
canola deliveries to the licensed Canadian “The 2019 Canadian canola acreage is lower at options.”
handling system totaled 17.6 million tonnes, just under 21 million acres, according to the June “During June and July, there were bids of more at agriculture meeting
down about 780,000 tonnes from mid-July 2018. Statistics Canada survey. Assuming average than $10 per bushel for No. 1 canola - not as high
CGC recorded canola exports totaled 8.9 million yields, lower exports and similar crush usage for as wished but still historically good. Off-grade
tonnes near crop year-end, down one million crop year 2019-20, Canadian canola carryover is No. 3 and sample canola is marketable, although The Federal, Provincial, and the middle of a bunch of
tonnes from last July. forecast similar to the 3.5 to 4 million tonnes discounted to a range of $5 to $9 per bushel, Territorial (FPT) Ministers of international fights that have
He says that export destination data are less estimated for July 31, 2019.” quality dependant. Canola basis levels have Agriculture concluded their two- nothing to do with them. The
current. “China, after a stronger start to He adds that although canola carryover will be varied widely, with some buyers bidding 50 cents day annual meeting in Quebec industry needs the federal
importing Canadian canola in crop year 2018-19, record-high, crop storage will not likely be an a bushel more than nearby competition. Some City on July 19. government to pay attention to
had imported 560,000 tonnes less canola seed issue for most farmers this fall. line elevator companies have offered basis During the meeting, the impacts of the current trade
from Canada to the end of May than in the same “That is due to exports of wheat, durum, barley 'specials,' resulting in prices near $10 per Agriculture and Forestry Minister issues on Alberta’s supply chain,”
10-month period last crop year. Lower exports of and lentils being significantly higher during bushel.” Devin Dreeshen strongly stated Devin Dreeshen, Minister
Canadian canola seed to Mexico, Japan and the 2018-19, more than offsetting the lower canola He adds that a rebound to higher canola prices recommended the federal of Agriculture and Forestry.
United States were also recorded.” exports and lower overall domestic usage.” is not in the near term forecast without resolution government take urgent action to Quick facts
India is a significant market for
PASSPORT PHOTOS & MORE “CGC reports to July 14 that domestic use With canola prices, Blue notes that the price of of the trade issue with China. provide support to the agriculture Alberta pulses such as dried peas
“A bright spot is domestic usage,” he adds.
industry in the short and long
“However, the marketing message remains -
totaled 9.1 million tonnes compared to 8.9 canola eroded in December 2018, following know the grade of your product and shop widely term. and lentils, totalling $28 million
lower forecasted soy complex prices and
The industry is currently
Professional Digital million tonnes to mid-July 2018. A large amount continued increases to world inventories of for the best pricing opportunities.” AgriNews experiencing numerous trade as of 2018.
Professional Digital
Until recently, Alberta’s durum
of high green seed count canola was harvested
Passport System issues across several markets wheat exports to the EU averaged
Passport System
including:
$67 million, with Italy
Restrictive practices involving
photos ready fumigation requirements and accounting for an average of $47
photos ready
million (70 per cent). In 2018,
in minutes quota restrictions on pulse crop Alberta’s durum exports to the
in minutes
EU dropped to $22 million, the
imports with India.
while you wait... Country of Origin Labelling lowest value since 2002.
while you wait...
Negative ramifications of
In 2018, Alberta’s agrifood
(COOL) on durum wheat exports exports to China totalled $2.6
T to Italy. billion, with canola seed
The Weekly Anchorhe Weekly Anchor
Continued trade tension
accounting for $812 million.
between Canada and China, with
Last year, pork was Alberta’s
5040 3rd Avenue, Edson040 3rd Avenue, Edson China blocking Canadian canola sixth-largest agriculture export in
5
value – we exported $492 million
from entering its market due to
an alleged pest issue and its worth of pork products to more
780-723-578780-723-5787
7 customs agency planning to than 20 nations.
Wheat and barley accounted
increase inspections of Canadian
for more than 93 per cent of
pork and pork product imports.
Continuation of Saudi Arabia’s Alberta’s agrifood exports to
ban on trade with Canada, Saudi Arabia between 2014 and
D PASSPORT PHOTOS & MORE including wheat and barley. 2017.
DROP IN AND SEE!ROP IN AND SEE!
“Alberta farmers are caught in
Professional Digital Passport System photos
ready in minutes while you wait...
D
DROP IN AND SEE!ROP IN AND SEE!
5040 3rd Avenue, Edson
5040 3rd Avenue, Edson
780-723-5787
780-723-5787
T
The Weekly Anchorhe Weekly Anchor
