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Saskatchewan canola farmers are watching a reduced Chinese tariff on Canadian canola, which is set to expire December 31. APAS representatives met with MPs, senators and Chinese Embassy officials in Ottawa to discuss the issue.
If the lowered tariff lapses, Canadian canola exports to China would face higher duties, weakening demand and pressuring canola and canola 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.