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North Dakota canola growers report losses as trade disruptions between China and Canada reduce prices. Canola has fallen from about 17 cents per pound to the mid-14 cents range over four months.
The U.S. canola crop is concentrated in North Dakota, which accounts for 80% of output.
Trade friction with China weighs on North American canola values and grower returns, which can reduce planted area. Lower canola prices make canola meal a cheaper protein option for feed.
agweek.comMikkel Pates, Agweek Staff WriterJun 17, 2019Not 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.
