Canola futures ended with sharp losses on Tuesday, with the market dragged down on the announcement of Chinese anti-dumping duties.
In a ruling announced early today, China’s Ministry of Commerce (MOFCOM) announced the imposition of a 75.8% duty, collected in the form of a deposit, on all Canadian canola seed shipments as of Aug. 14, 2025. The duty will remain in place pending a final decision in September.
China is Canada’s second-largest market for canola and related products, with exports valued at $4.9 billion in 2024. If upheld, the preliminary duty will make Canadian canola commercially unviable in China.
European rapeseed futures were also lower on the day, but Chicago soybean oil and palm oil gained. Soybeans were also higher after the USDA cut its 2025 US production and ending stocks estimates in updated supply-demand estimates released today.
November canola dropped $30.50 to $650.30, and January lost $29.10 to $663.10.
