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Sask. drought hangs over mustard price outlook

Mustard growers and buyers have their guns drawn but nobody’s shooting yet.

When the clock hits “harvest,” there could be a violent resolution of the supply-and-demand showdown.

“We’re all holding our breath as we get to harvest,” said Peter Gorski, senior grain buyer for BroadGrain Commodities.

“There’s a lot that’s hanging on shower to shower.”

Western Canada could produce a big crop. It could also produce a short crop and exacerbate the present zero-stocks situation.

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.