Canada’s Canola Planting Prospects Dim After China Trade Tussle
- Preeminent crop joins the pack in usual crop rotation
- ‘Political angst’ sent oilseed to third annual price drop
Canola is harvested on a farm near Grosse Isle, Manitoba in September 2019.
Photographer: Shannon VanRaes/BloombergThis article is for subscribers only.
Canola, Canada’s most-valuable crop, is losing its luster after a trade ruckus with China drove exports and prices down, damping the outlook for planting this year.
“I’m certainly not going to press to the higher side when it comes to acres” in the spring, Bernie McClean, the president of the Canadian Canola Growers Association and a farmer in Glaslyn, Saskatchewan, said in a telephone interview.