# Grains and oilseeds: Canada to profit from EU import tariffs - Mundus Agri

> Mundus Agri reports that French wheat yields are lower than expected, although wheat quotations have fallen. US winter wheat harvest is 63% complete, Southern Russia's yields are 20% above last year, and China has signed its first deal for US soybeans. Canada may replace Russia and Belarus as an EU rapeseed supplier.

- Date: 2024-07-12 · published 2024-07-12T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/29211-grains-and-oilseeds-canada-to-profit-from-eu-import-tariffs-mundus-agri
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Harvest progress and strong Russian yields add supply pressure on wheat, while the China soybean purchase supports US soy export demand and a possible shift in EU rapeseed sourcing favours Canadian canola.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-09-14 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/68818-grains-and-oilseeds-news-in-brief.md) | +0.9% | +4.0% |
| WHEAT | 2020-03-10 | [Exports of grain and oilseed cargoes from the Ukrainian seaports: results of 2019](https://feedsoft.ai/events/53982-exports-of-grain-and-oilseed-cargoes-from-the-ukrainian-seaports-results-of-2019.md) | -4.8% | -5.7% |
| WHEAT | 2018-04-04 | [CPO to gain from China’s soybean import tariff \| The Star](https://feedsoft.ai/events/65604-cpo-to-gain-from-china-s-soybean-import-tariff-the-star.md) | +0.7% | +6.9% |
| WHEAT | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | +1.9% | +0.3% |
| WHEAT | 2020-12-01 | [China Targets U.S. Farm Imports With Tariffs \| Feed & Grain](https://feedsoft.ai/events/49501-china-targets-u-s-farm-imports-with-tariffs-feed-and-grain.md) | +9.5% | +8.9% |
| SOY | 2023-06-21 | [China intensifies imports of grains and oilseeds amid lower world prices](https://feedsoft.ai/events/14833-china-intensifies-imports-of-grains-and-oilseeds-amid-lower-world-prices.md) | +1.2% | +1.0% |
| SOY | 2017-04-20 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/71368-grains-and-oilseeds-news-in-brief.md) | -0.5% | +2.7% |
| SOY | 2020-08-03 | [Oilseeds daily: China invests in Argentina - Mundus Agri](https://feedsoft.ai/events/51726-oilseeds-daily-china-invests-in-argentina-mundus-agri.md) | -3.0% | +5.9% |

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/grains-oilseeds-canada-profit-eu-import-tariffs.n33207.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.