# Trade retaliations against the U.S. hit Canada farmers, too

> Canadian farmers could sell 500,000 to 1 million tonnes more wheat to China in 2018/19 than usual, depending on harvest quality. Chinese tariffs on U.S. soybeans have increased interest in Canadian canola meal. Despite these gains, ICE canola and Minneapolis spring wheat futures have not risen much.

- Date: 2018-10-26 · published 2018-10-26T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/62522-trade-retaliations-against-the-u-s-hit-canada-farmers-too
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Export gains to China are real but are not lifting Canadian futures, because soy price declines are dragging canola lower. Feed buyers should expect Canadian meal and wheat prices to stay pressured despite the new demand.

## Read by commodity

- WHEAT: neutral
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-10-26 | [U.S.-Canada trade war means more market share, but smaller profits for Canadian farmers  \| Globalnews.ca](https://feedsoft.ai/events/62527-u-s-canada-trade-war-means-more-market-share-but-smaller-profits-for-canadian.md) | +0.8% | -3.7% |
| WHEAT | 2017-06-12 | [How the World's Farmers Went to Work for China](https://feedsoft.ai/events/70350-how-the-world-s-farmers-went-to-work-for-china.md) | -0.5% | +0.3% |
| WHEAT | 2017-09-08 | [Winning at the border on trade - AgCanada](https://feedsoft.ai/events/68927-winning-at-the-border-on-trade-agcanada.md) | +3.4% | +2.4% |
| WHEAT | 2025-04-11 | [Trade instability likely to tighten 2025 crop profit margins says FCC - AgCanada](https://feedsoft.ai/events/25077-trade-instability-likely-to-tighten-2025-crop-profit-margins-says-fcc-agcanada.md) | +1.7% | +4.7% |
| WHEAT | 2025-04-04 | [Basis flat as farmers monitor crop conditions — TradingView News](https://feedsoft.ai/events/25163-basis-flat-as-farmers-monitor-crop-conditions-tradingview-news.md) | -0.7% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/article/business/trade-retaliations-against-the-us-hit-canada-farmers-too-idUSKCN1N01EZ/

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