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The Canadian Canola Growers Association is lobbying China on three issues: approval of new canola traits, dockage levels, and the 9 percent tariff on Canadian canola. The association's director said zeroing that tariff would add nine percent to farmers' earnings.
The 2016 dockage agreement expires in 2020.
A tariff removal would lower Canadian canola costs into China and support export demand, but no decision has been made, so the price effect is speculative.
grainews.caLeeann MinogueDec 6, 2018Not 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.
