
China announced preliminary anti-dumping duties of 75.8% on Canadian canola seed, effective August 14, which effectively closes the market to Canada's top export. The Canadian government said it was deeply disappointed and does not dump canola.
China accounted for 67% of Canadian canola seed exports in 2024, worth about $4 billion.
Loss of China as the dominant buyer of Canadian canola seed sharply reduces demand and pressures canola and meal prices. Chinese crushers will need alternative supply, which may support competing oilseed 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.