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RaboResearch says geopolitics is reshaping canola trade, citing EU duties on Russian and Belarusian oilseeds that have halted EU canola meal imports from those countries. Canada faces possible Chinese canola import duties after Canada imposed duties on Chinese electric vehicles, and Statistics Canada estimates 2024 canola output below 17.8 million tonnes.
Potential Chinese duties on Canadian canola would redirect a large export flow and could pressure Canadian canola and meal prices while supporting alternative supplies. Reduced Canadian output also tightens available canola meal.
sfs.org.auDec 22, 2024Not 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.
