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The Canadian Canola Growers Association said farmers can begin recovering value after China's tariff cuts, which were announced by Prime Minister Carney during his Beijing visit. Carney said canola tariffs will drop in some cases to about 16%, and industry expects seed tariffs to fall from about 76% to 15%.
Tariff relief for seed, which is China's largest canola import, should lift Canadian canola prices as export sales resume and add to supportive meal prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.