
China's Zhengzhou rapeseed meal futures slipped to near a two-week low as traders weighed Prime Minister Carney's upcoming China visit. Expectations grew that Canada and China could ease their trade dispute over electric vehicles and canola.
Analysts also cited expected increases in supply as weighing on prices.
Lower Chinese meal futures reflect expectations of more Canadian supply and a possible easing of China's 100% tariffs on Canadian canola products. Those expectations can pressure global canola meal prices until a deal is confirmed.
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.