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Canadian farm groups are pressing Ottawa for more support after China cut canola seed imports and COVID-19 hit demand. The Canadian Canola Growers Association is seeking higher AgriStability reference margins and a government-mandated increase in biofuel blending.
Calls for a biofuel mandate could eventually add domestic canola demand, but no policy decision has been made, so the near-term price effect is limited.
manitobacooperator.caAllan DawsonMay 7, 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.
