# Canola Farmers Feel Tariff Impact | Red River Farm Network

> Northern Canola Growers asked North Dakota's congressional delegation to include canola growers in the $12 billion aid package tied to retaliatory tariffs. The group says canola prices are tied to soybeans and have fallen, even though canola itself has not been tariffed.

- Date: 2018-08-08 · published 2018-08-08T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/63516-canola-farmers-feel-tariff-impact-red-river-farm-network
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Canola prices falling in sympathy with soybeans indicates weaker canola meal and seed values, though the impact is regional and not a direct supply or demand shift.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-19 | [Soybean Farmers Worry About Tariffs' Impact : NPR](https://feedsoft.ai/events/63064-soybean-farmers-worry-about-tariffs-impact-npr.md) | +3.9% | +8.7% |
| SOY | 2018-05-02 | [Pulling the Trigger on Soybean Prices \| Red River Farm Network](https://feedsoft.ai/events/4610-pulling-the-trigger-on-soybean-prices-red-river-farm-network.md) | -3.0% | -1.9% |
| SOY | 2018-06-27 | [Can USDA Stretch Corn, Soybean Farmers' Safety Net With Tariff Relief?](https://feedsoft.ai/events/64517-can-usda-stretch-corn-soybean-farmers-safety-net-with-tariff-relief.md) | -2.7% | -0.7% |
| SOY | 2018-07-22 | [Tariffs and Commodity Prices: Impacts and Reactions - Farm Policy News](https://feedsoft.ai/events/6567-tariffs-and-commodity-prices-impacts-and-reactions-farm-policy-news.md) | +2.4% | +3.7% |
| SOY | 2018-07-12 | [COFCO: China Will Look to the World for Other Protein Souces \| Red River Farm Network](https://feedsoft.ai/events/64150-cofco-china-will-look-to-the-world-for-other-protein-souces-red-river-farm.md) | +1.5% | +7.7% |

## Sources

- rrfn.com: https://www.rrfn.com/2018/08/08/canola-farmers-feel-tariff-impact/

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