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Canadian agriculture groups gave cautious optimism to the pledge to double agricultural trade with China by 2025. The Canola Council of Canada and Grain Growers of Canada said existing tariffs and other trade barriers must be lowered before results appear.
The goal was agreed at the first Canada-China Economic and Financial Strategic Dialogue in Beijing.
Industry says the pledge will not change canola flows until barriers fall, so it does not yet shift supply or demand for canola products. The price impact is limited for now.
ipolitics.caKelsey JohnsonNov 13, 2018Not 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.
