Canola prices were strengthening toward the end of August as the world canola supply balance began to show signs of tightening. Then, on Sept. 2, the canola market fell precipitously after China announced it was initiating an anti-dumping investigation into imports of canola from Canada. This was in retaliation to recent tariffs being put on Chinese electric vehicles, steel, and aluminum by the Canadian government. The canola market dropped over $23 per metric ton (MT) the day of the announcement and an additional $11 per MT the next day. Since then, the market has been up and down but has again settled at this level as of Sept. 11.
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Canola market reacts to China
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