The canola market has been caught in the crosshairs of tariffs or threatened tariffs announced by the U.S. and China in the last three weeks. May canola futures contracts on the Intercontinental Exchange (ICE) have dropped by over $100 per metric ton (MT) from the recent canola highs on Feb. 20, a 15 percent drop. This has resulted in fresh contract lows for the May futures.
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Caught in the crosshairs: Tariffs hitting canola hard
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