# Canola growers caught in middle as Canada-China relations sour | CBC News

> Canadian canola prices have fallen substantially as China's effective blockade of the crop continues. Farmers are planting about 1.5 million fewer canola acres than in 2018, with some switching to wheat and soybeans.

- Date: 2019-05-15 · published 2019-05-15T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/59064-canola-growers-caught-in-middle-as-canada-china-relations-sour-cbc-news
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Reduced Canadian canola acreage tightens future supply somewhat, but the loss of China as a buyer keeps domestic canola prices under pressure and shifts demand toward other oilseeds.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-12 | [Argentine farmers' soy sales to dwindle, as elections and La Nina overshadow 2023 - Grain Price News](https://feedsoft.ai/events/14001-argentine-farmers-soy-sales-to-dwindle-as-elections-and-la-nina-overshadow-2023.md) | -0.3% | +4.9% |
| SOY | 2022-04-04 | [USDA exports -- China buys corn - HighLine Grain Growers, Inc](https://feedsoft.ai/events/14943-usda-exports-china-buys-corn-highline-grain-growers-inc.md) | +6.7% | +5.8% |
| SOY | 2020-12-23 | [China’s Soy Imports to Top 100 Million Tons as U.S. Supply Jumps - Caixin Global](https://feedsoft.ai/events/49645-china-s-soy-imports-to-top-100-million-tons-as-u-s-supply-jumps-caixin-global.md) | +4.5% | +5.2% |
| SOY | 2023-03-28 | [China keeps buying U.S. ag commodities despite strained diplomatic relationship - KBHB News](https://feedsoft.ai/events/14858-china-keeps-buying-u-s-ag-commodities-despite-strained-diplomatic-relationship.md) | +5.5% | +0.2% |
| SOY | 2024-03-25 | [US soy volatile on possible China buying \| Latest Market News](https://feedsoft.ai/events/14768-us-soy-volatile-on-possible-china-buying-latest-market-news.md) | -0.6% | -2.6% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/national-canola-canada-china-trade-1.5135241

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.