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Thousands of tonnes of Canadian canola seed are shipping to China ahead of expected tariff relief, even though Beijing's Friday announcement did not mention canola seed. Total exports had been about two million tonnes lower before the deal was announced.
Chinese buyers appear to be acting on expected relief before any official confirmation.
Early Chinese buying supports Canadian canola seed demand and basis, but a failure to confirm the seed tariff cut would be a downside risk.
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.