Latest news with #canola
CTV News
18-07-2025
- Business
- CTV News
Canadian wheat, canola crops a ‘mixed bag,' with rain critical
A seeding rig is used to plant a wheat crop on the family farm near Cremona, Alta., Tuesday, May 6, 2025. THE CANADIAN PRESS/Jeff McIntosh LANGHAM, Saskatchewan - Canadian farmers are likely to produce average-size wheat and canola crops this autumn, but years of drought have made rain critical for the plants to fulfill their potential, farmers and analysts said this week at the Ag in Motion farm show. In eastern Saskatchewan, Robert Andjelic, a major Canadian farmland investor, said he was seeing lush, dense crops of spring wheat and canola in perfect condition. In southwestern Saskatchewan, however, he described spring wheat dying under the pressure of extreme drought. Across Western Canada, he saw a wide range of 'terrible' to 'terrific' crops, he said. 'It's such a mixed bag,' he said while touring some of the more than 225,000 acres (91,000 hectares) he owns across the prairie provinces. Canada is the world's largest exporter of canola, durum wheat, and some pulse crops such as lentils, with China, the United States, Japan, Mexico, North Africa, and India among its largest buyers. Its spring wheat crop is vital to millers around the globe, and U.S. grocery shelf staples such as Cheerios cereal and Quaker oatmeal rely on Canadian oats. Analysts and farmers interviewed by Reuters said they expect the country's total crop output to be about the same as last year, when farmers also endured a wide range of conditions, but still produced one of Canada's biggest crops ever. While that probably means Canada's canola and spring wheat production will be about the same as last year, when farmers produced average-sized harvests, the outlook is worse for durum wheat and lentils, which farmers grow in some of the areas hit by extreme dryness. 'They have been under these conditions too long,' crop analyst Bruce Burnett of MarketsFarm said about some durum and lentil crops in the southwestern Prairies, adding that some were being baled for livestock feed. Farmers said cereal grains such as wheat and durum were developing far fewer kernels per plant because of drought in some areas, resulting in lower yields. Burnett estimates Canadian durum yield will be less than last year's 34 bushels per acre, which was an average yield. Most farmers need at least one more significant rainfall for grain kernels to fill out, farmers and analysts said. Burnett said canola crops were benefiting from cooler weather this July than last year, when scorching heat damaged millions of acres that were in the crucial flowering stage. Smoky air from forest fires was making the sunlight less direct and harsh, he said. The oilseed is crushed mainly to produce vegetable oil and animal feed. Statistics Canada is scheduled to issue its first crop production estimates of the year on August 28. Farmer adviser Rob Saik, who drove across central Alberta and Saskatchewan to the farm show, said some parts of the Prairies were producing durum, lentils, and canola hammered by drought, but in most places, 'we're in pretty good shape.' Reporting by Ed White in Langham, Saskatchewan. Editing by Emily Schmall and Rod Nickel, Reuters
Yahoo
17-07-2025
- Business
- Yahoo
Canadian wheat, canola crops a 'mixed bag,' with rain critical
By Ed White LANGHAM, Saskatchewan (Reuters) -Canadian farmers are likely to produce average-size wheat and canola crops this autumn, but years of drought have made rain critical for the plants to fulfill their potential, farmers and analysts said this week at the Ag in Motion farm show. In eastern Saskatchewan, Robert Andjelic, a major Canadian farmland investor, said he was seeing lush, dense crops of spring wheat and canola in perfect condition. In southwestern Saskatchewan, however, he described spring wheat dying under the pressure of extreme drought. Across Western Canada, he saw a wide range of "terrible" to "terrific" crops, he said. "It's such a mixed bag," he said while touring some of the more than 225,000 acres (91,000 hectares) he owns across the prairie provinces. Canada is the world's largest exporter of canola, durum wheat, and some pulse crops such as lentils, with China, the United States, Japan, Mexico, North Africa, and India among its largest buyers. Its spring wheat crop is vital to millers around the globe, and U.S. grocery shelf staples such as Cheerios cereal and Quaker oatmeal rely on Canadian oats. Analysts and farmers interviewed by Reuters said they expect the country's total crop output to be about the same as last year, when farmers also endured a wide range of conditions, but still produced one of Canada's biggest crops ever. While that probably means Canada's canola and spring wheat production will be about the same as last year, when farmers produced average-sized harvests, the outlook is worse for durum wheat and lentils, which farmers grow in some of the areas hit by extreme dryness. "They have been under these conditions too long," crop analyst Bruce Burnett of MarketsFarm said about some durum and lentil crops in the southwestern Prairies, adding that some were being baled for livestock feed. Farmers said cereal grains such as wheat and durum were developing far fewer kernels per plant because of drought in some areas, resulting in lower yields. Burnett estimates Canadian durum yield will be less than last year's 34 bushels per acre, which was an average yield. Most farmers need at least one more significant rainfall for grain kernels to fill out, farmers and analysts said. Burnett said canola crops were benefiting from cooler weather this July than last year, when scorching heat damaged millions of acres that were in the crucial flowering stage. Smoky air from forest fires was making the sunlight less direct and harsh, he said. The oilseed is crushed mainly to produce vegetable oil and animal feed. Statistics Canada is scheduled to issue its first crop production estimates of the year on August 28. Farmer adviser Rob Saik, who drove across central Alberta and Saskatchewan to the farm show, said some parts of the Prairies were producing durum, lentils, and canola hammered by drought, but in most places, "we're in pretty good shape." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
Australia nears breakthrough canola deal with China, sources say
(Refiles story to add bullets) By Peter Hobson and Ella Cao CANBERRA/BEIJING (Reuters) -Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade. China, the world's largest canola importer, sources nearly all of its imports from Canada but those supplies could be limited by an anti-dumping probe Beijing is conducting. China imposed 100% tariffs on Canadian canola meal and oil this year amid strained diplomatic ties. Australia, the second-largest canola exporter, has been shut out of the Chinese market since 2020, mainly due to Chinese rules to stop the spread of fungal plant disease, but the trial cargoes could reopen trade and reduce Canada's market share. Chinese and Australian officials are finalising a framework to address Beijing's phytosanitary requirements aimed at preventing the spread of blackleg disease, according to two Australian agriculture industry sources briefed on the negotiations. "It looks like we've found a pathway that works for everyone," said one of the sources. "Now we need to run a few ships and see if it all works." The five trial cargoes will be handled by trading companies once the framework is agreed, the sources said. Two trading company sources familiar with the negotiations said the shipments would carry between 150,000 and 250,000 metric tons of Australian canola, also known as rapeseed, to China. The sources declined to be named as they were not authorised to speak publicly on the matter. In response to a query from Reuters, Australia's agriculture ministry said: "This is an active and ongoing government-government discussion and details have not yet been finalised." China's Ministry of Commerce and General Administration of Customs did not immediately respond to a request for comment. China has bought an average of 4 million metric tons of canola, worth over $2 billion, each year for the last five years, for use in cooking oil, renewable fuels, and animal feed. Australian Prime Minister Anthony Albanese is currently visiting China, underscoring a warming of ties since his Labor government won power in 2022. The planned shipments follow smaller test deliveries last year, when Australia exported 500 tons of canola to China in both June and July 2024, according to Australian trade data. The negotiations have focused on addressing China's requirement that canola shipments contain less than 1% admixture — impurities such as chaff and broken seeds - and its concerns of blackleg contamination, the two sources briefed on the talks said. Unlike Canadian exporters, who clean their canola before shipping, Australian suppliers often exceed this limit. Additional demand from China should lift Australian canola prices, traders said, but Australia may not be able to fully replace Canadian canola in China. The Australian government expects the upcoming harvest later this year to produce 5.7 million tons of canola, the least in five years, due to unfavourable weather and a smaller planted area. Of that, Australia will likely export around 4 million tons of canola, much of which may be earmarked for longstanding customers in Europe and elsewhere, said one of the trade sources. "China might struggle to get more than their trial volume depending on how quick they move," the person said. China had 159,000 tons of imported canola in its stockpiles as of July 4, the lowest level for this time of year in nearly four years, said Zhang Deqiang, an analyst at Shandong-based Sublime China Information.
Yahoo
16-07-2025
- Business
- Yahoo
Australia nears breakthrough canola deal with China, sources say
(Refiles story to add bullets) By Peter Hobson and Ella Cao CANBERRA/BEIJING (Reuters) -Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade. China, the world's largest canola importer, sources nearly all of its imports from Canada but those supplies could be limited by an anti-dumping probe Beijing is conducting. China imposed 100% tariffs on Canadian canola meal and oil this year amid strained diplomatic ties. Australia, the second-largest canola exporter, has been shut out of the Chinese market since 2020, mainly due to Chinese rules to stop the spread of fungal plant disease, but the trial cargoes could reopen trade and reduce Canada's market share. Chinese and Australian officials are finalising a framework to address Beijing's phytosanitary requirements aimed at preventing the spread of blackleg disease, according to two Australian agriculture industry sources briefed on the negotiations. "It looks like we've found a pathway that works for everyone," said one of the sources. "Now we need to run a few ships and see if it all works." The five trial cargoes will be handled by trading companies once the framework is agreed, the sources said. Two trading company sources familiar with the negotiations said the shipments would carry between 150,000 and 250,000 metric tons of Australian canola, also known as rapeseed, to China. The sources declined to be named as they were not authorised to speak publicly on the matter. In response to a query from Reuters, Australia's agriculture ministry said: "This is an active and ongoing government-government discussion and details have not yet been finalised." China's Ministry of Commerce and General Administration of Customs did not immediately respond to a request for comment. China has bought an average of 4 million metric tons of canola, worth over $2 billion, each year for the last five years, for use in cooking oil, renewable fuels, and animal feed. Australian Prime Minister Anthony Albanese is currently visiting China, underscoring a warming of ties since his Labor government won power in 2022. The planned shipments follow smaller test deliveries last year, when Australia exported 500 tons of canola to China in both June and July 2024, according to Australian trade data. The negotiations have focused on addressing China's requirement that canola shipments contain less than 1% admixture — impurities such as chaff and broken seeds - and its concerns of blackleg contamination, the two sources briefed on the talks said. Unlike Canadian exporters, who clean their canola before shipping, Australian suppliers often exceed this limit. Additional demand from China should lift Australian canola prices, traders said, but Australia may not be able to fully replace Canadian canola in China. The Australian government expects the upcoming harvest later this year to produce 5.7 million tons of canola, the least in five years, due to unfavourable weather and a smaller planted area. Of that, Australia will likely export around 4 million tons of canola, much of which may be earmarked for longstanding customers in Europe and elsewhere, said one of the trade sources. "China might struggle to get more than their trial volume depending on how quick they move," the person said. China had 159,000 tons of imported canola in its stockpiles as of July 4, the lowest level for this time of year in nearly four years, said Zhang Deqiang, an analyst at Shandong-based Sublime China Information.
Yahoo
16-07-2025
- Business
- Yahoo
Exclusive-Australia nears breakthrough canola deal with China, sources say
By Peter Hobson and Ella Cao CANBERRA/BEIJING (Reuters) -Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade. China, the world's largest canola importer, sources nearly all of its imports from Canada but those supplies could be limited by an anti-dumping probe Beijing is conducting. China imposed 100% tariffs on Canadian canola meal and oil this year amid strained diplomatic ties. Australia, the second-largest canola exporter, has been shut out of the Chinese market since 2020, mainly due to Chinese rules to stop the spread of fungal plant disease, but the trial cargoes could reopen trade and reduce Canada's market share. Chinese and Australian officials are finalising a framework to address Beijing's phytosanitary requirements aimed at preventing the spread of blackleg disease, according to two Australian agriculture industry sources briefed on the negotiations. "It looks like we've found a pathway that works for everyone," said one of the sources. "Now we need to run a few ships and see if it all works." The five trial cargoes will be handled by trading companies once the framework is agreed, the sources said. Two trading company sources familiar with the negotiations said the shipments would carry between 150,000 and 250,000 metric tons of Australian canola, also known as rapeseed, to China. The sources declined to be named as they were not authorised to speak publicly on the matter. In response to a query from Reuters, Australia's agriculture ministry said: "This is an active and ongoing government-government discussion and details have not yet been finalised." China's Ministry of Commerce and General Administration of Customs did not immediately respond to a request for comment. China has bought an average of 4 million metric tons of canola, worth over $2 billion, each year for the last five years, for use in cooking oil, renewable fuels, and animal feed. Australian Prime Minister Anthony Albanese is currently visiting China, underscoring a warming of ties since his Labor government won power in 2022. The planned shipments follow smaller test deliveries last year, when Australia exported 500 tons of canola to China in both June and July 2024, according to Australian trade data. The negotiations have focused on addressing China's requirement that canola shipments contain less than 1% admixture — impurities such as chaff and broken seeds - and its concerns of blackleg contamination, the two sources briefed on the talks said. Unlike Canadian exporters, who clean their canola before shipping, Australian suppliers often exceed this limit. Additional demand from China should lift Australian canola prices, traders said, but Australia may not be able to fully replace Canadian canola in China. The Australian government expects the upcoming harvest later this year to produce 5.7 million tons of canola, the least in five years, due to unfavourable weather and a smaller planted area. Of that, Australia will likely export around 4 million tons of canola, much of which may be earmarked for longstanding customers in Europe and elsewhere, said one of the trade sources. "China might struggle to get more than their trial volume depending on how quick they move," the person said. China had 159,000 tons of imported canola in its stockpiles as of July 4, the lowest level for this time of year in nearly four years, said Zhang Deqiang, an analyst at Shandong-based Sublime China Information. Sign in to access your portfolio
