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Canada West Foundation trade specialists presented to the Southern Alberta Council on Public Affairs on Canada's agri-food trade partners and export trends. They noted that Canada's trade with the US has declined while trade with China has grown, with the 2019 drop largely due to lower canola and soy exports.
The shift toward China and away from the US shapes long-term demand for Canadian canola and soy, but the presentation adds no new price driver.
farmnewsnow.comJustin GouletJan 8, 2021Not 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.
