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The Canadian Canola Growers Association told a parliamentary committee that canola is Canada's largest farm cash receipt crop, earning $8.6 billion in 2019. It said blocked market access and the COVID-19 downturn are putting heavy pressure on farmers.
Blocked Chinese access and pandemic demand losses are weighing on canola export values and farm incomes, reinforcing bearish pressure on canola.
openparliament.caMay 29, 2020Not 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.
