
Rapeseed meal futures on the Zhengzhou exchange jumped more than 8% after Beijing announced a 100% retaliatory tariff on Canadian rapeseed meal and oil effective March 20. The move raised expectations of a shortage in China.
Canada is a top supplier of rapeseed meal to China.
Losing Canada as a top supplier tightens China's meal supply, supporting domestic rapeseed meal prices and boosting demand for alternative meal sources such as soymeal.
Not enough comparable past events yet for a historical read.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
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.