The canola market has bounced back strongly from the price drop early in September when China announced an anti-dumping investigation of Canadian canola. The futures price shortly before the announcement was $614 Canadian per metric ton (MT) and dropped as far as $540 only to rebound back to $611 as of Sept. 25. The market rose particularly strongly on Sept. 16 when updated canola production figures were released showing the crop would drop below 19 million metric tons (MMT) in Canada this year, a drop of over 0.5 MMT.
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Canola market bounces back from China news
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