# A tweet spikes the canola market - Manitoba Co-operator

> Canola prices spiked briefly on November 1 after Trump tweeted about a good conversation with Xi on trade, then corrected the next day and finished the week lower. Canola had hit yearly lows with the January contract at $486 per tonne on October 31.

- Date: 2018-11-08 · published 2018-11-08T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/62150-a-tweet-spikes-the-canola-market-manitoba-co-operator
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Trade-talk headlines create short-lived rallies, but without new information the underlying bearish trend from the US-China trade war persists.

## Read by commodity

- SOY: neutral
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-01-28 | [China Re-Enters Canadian Canola Market - TT](https://feedsoft.ai/events/9480-china-re-enters-canadian-canola-market-tt.md) | -0.1% | +7.6% |
| SOY | 2020-02-20 | [China Back in the Market for U.S. Farm Goods After Waivers \| Financial Post](https://feedsoft.ai/events/54480-china-back-in-the-market-for-u-s-farm-goods-after-waivers-financial-post.md) | -1.8% | -8.0% |
| SOY | 2019-10-28 | [Harvest begins across the country \| Market Columns \| leadertelegram.com](https://feedsoft.ai/events/56407-harvest-begins-across-the-country-market-columns-leadertelegram-com.md) | +0.4% | -2.5% |
| SOY | 2024-10-31 | [Market Perspectives - October 31, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/27947-market-perspectives-october-31-2024-u-s-grains-and-bioproducts-council.md) | +1.8% | +1.3% |
| SOY | 2022-11-07 | [Canada Know-Risk Market Outlook \| China Continues 0% Covid Policy](https://feedsoft.ai/events/38669-canada-know-risk-market-outlook-china-continues-0-covid-policy.md) | +0.3% | -0.9% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/a-tweet-spikes-the-canola-market/

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