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Statistics Canada March trade data showed Canadian canola seed shipments to China of 471,757 mt, up from 161,645 mt in February. China's first-quarter imports reached 1.026 million mt, after its March 7 announcement of 100% tariffs on Canadian canola oil and meal.
China's preference for seed over meal and oil shifts crush demand to China, supporting Canadian canola seed prices while meal and oil face weaker export demand.
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.