New standards on Canadian canola exports being demanded by China has producers worried, something the prime minister said is a priority as he heads to Beijing. Kevin Serfas, who grows canola seed in the Lethbridge area, is concerned over new standards demanded by China. Oil producers could benefitOne group that could benefit from those lower prices are domestic crushers, who turn the seeds into oil. Steven Bank, CEO of Sunora Oil, is cautiously optimistic that his company could benefit from lower seeds prices. Prime Minister Justin Trudeau will be in China from Aug. 30 to Sept. 6, culminating in a G20 leaders summit.

Source: CBC News August 29, 2016 23:37 UTC