Several posters speculated on the timing of the announcement.
“They made the announcement just as harvest is about to begin,” one wrote. “There is harvest pressure still to come which will drive the price down further yet.”
Others noted that similar actions have happened before, with China temporarily depressing prices before making large purchases.
The conversation also broadened into concerns about wider trade risks.
Some farmers wondered what might happen if the U.S. were to impose similar measures on Canadian canola and its byproducts.
Others discussed whether falling crop prices might eventually lead to relief in input costs — though not everyone was optimistic. “Wonder if the drop in canola will result in a drop in fertilizer prices? [sarcasm emoji]” one user joked.
A few posters drew comparisons to other sectors, noting that industries like steel, forestry, and autos have seen targeted federal support during market disruptions.
While not all agreed on the role politics played, there was common ground in the worry about lost revenue and tighter margins.
Despite the downbeat tone, some farmers pointed to potential bright spots in other markets. “The good news is beans are trying to rally,” one commenter shared.
Still, with harvest pressure looming and global trade tensions ongoing, many on the Prairies are bracing for more price swings in the weeks ahead.
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