# Traders’ optimism for canola is short lived - Manitoba Co-operator

> Canola prices fell after a May 27 Vancouver court ruling allowed the extradition of Huawei executive Meng Wanzhou to proceed. Soybean optimism tied to Chinese purchases of U.S. beans also faded as US-China tensions rose. China continued buying Brazilian soybeans.

- Date: 2020-06-04 · published 2020-06-04T12:00:00.000Z
- Category: geopolitics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/52561-traders-optimism-for-canola-is-short-lived-manitoba-co-operator
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker China demand prospects for both Canadian canola and U.S. soybeans pressure oilseed and meal prices, with Brazilian supply capturing Chinese volume.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-02-14 | [China's most powerful weapon in Trump trade war may backfire](https://feedsoft.ai/events/66378-china-s-most-powerful-weapon-in-trump-trade-war-may-backfire.md) | +3.5% | +0.8% |
| SBM | 2017-03-28 | [Pork and beans could take brunt of China-U.S. trade dispute](https://feedsoft.ai/events/71849-pork-and-beans-could-take-brunt-of-china-u-s-trade-dispute.md) | -2.4% | -0.6% |
| SBM | 2017-01-20 | [Boeing and beans on China's blacklist if US trade tensions worsen](https://feedsoft.ai/events/72862-boeing-and-beans-on-china-s-blacklist-if-us-trade-tensions-worsen.md) | -1.7% | -1.8% |
| SBM | 2024-02-22 | [Market Perspectives - February 22, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8022-market-perspectives-february-22-2024-u-s-grains-and-bioproducts-council.md) | -3.2% | -2.3% |
| SBM | 2025-12-02 | [Market Snapshot \| Black Sea tensions spur rally in grains - Pro Farmer](https://feedsoft.ai/events/11262-market-snapshot-black-sea-tensions-spur-rally-in-grains-pro-farmer.md) | -2.4% | -4.1% |
| SOY | 2022-03-17 | [U.S. grains: May wheats limit-down as peace talks progress - Manitoba Co-operator](https://feedsoft.ai/events/9944-u-s-grains-may-wheats-limit-down-as-peace-talks-progress-manitoba-co-operator.md) | +4.2% | +1.6% |
| SOY | 2026-09-24 | [US farmers push for China commitments on imports as Trump and Xi talk trade](https://feedsoft.ai/events/14547-us-farmers-push-for-china-commitments-on-imports-as-trump-and-xi-talk-trade.md) | -1.9% | -4.3% |
| SOY | 2026-04-01 | [Grain, Oilseed Prices Fall as Traders Look for End to Iran War - Bloomberg](https://feedsoft.ai/events/19762-grain-oilseed-prices-fall-as-traders-look-for-end-to-iran-war-bloomberg.md) | -0.8% | +1.0% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/traders-optimism-for-canola-is-short-lived/

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