# China accounting for bulk of Canadian canola exports so far - Grainews

> Statistics Canada data showed Canadian canola exports through October at 1.566 million tonnes, with China taking 64 per cent. Chinese imports of Canadian wheat through October were roughly half the level of the same period last year.

- Date: 2023-12-07 · published 2023-12-07T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/32656-china-accounting-for-bulk-of-canadian-canola-exports-so-far-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Concentration of canola sales in China leaves exports exposed to Chinese demand swings, while weaker wheat buying signals softer export demand for Canadian grain.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-01-31 | [Canadian grain exports behind on year due to poor Chinese demand](https://feedsoft.ai/events/55054-canadian-grain-exports-behind-on-year-due-to-poor-chinese-demand.md) | -0.2% | +2.9% |
| WHEAT | 2020-02-01 | [Poor Chinese demand a setback for grain exports - AgCanada](https://feedsoft.ai/events/54586-poor-chinese-demand-a-setback-for-grain-exports-agcanada.md) | +0.1% | +3.1% |
| WHEAT | 2024-02-08 | [US farm exports hit three-year low in 2023 as China slows buying](https://feedsoft.ai/events/14771-us-farm-exports-hit-three-year-low-in-2023-as-china-slows-buying.md) | -4.2% | -1.8% |
| WHEAT | 2023-11-02 | [Russian Wheat Pushes Growth of Black Sea Dry Bulk Exports \| Dry bulk shipping news \| Shipping Telegraph](https://feedsoft.ai/events/14348-russian-wheat-pushes-growth-of-black-sea-dry-bulk-exports-dry-bulk-shipping.md) | -1.1% | -0.5% |
| WHEAT | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -1.9% | +3.4% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/china-accounting-for-bulk-of-canadian-canola-exports-so-far/

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