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China is halting tariffs on Canadian canola meal and lobsters, with the measures running from March 1 to December 31. The move follows Prime Minister Mark Carney's January visit and is part of a wider trade thaw that includes Canada cutting duties on Chinese electric vehicles.
Lifting the meal duty improves Canadian meal export economics to China, supporting canola meal prices in the near term.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.