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Canadian farmers may increase oilseed plantings to take advantage of China's potential tariffs on U.S. soybeans. Canola is the world's top grower and China is its largest importer, having taken about 4.8 million tons of Canadian canola in 2016.
Increased Canadian oilseed plantings and Chinese purchases support canola meal demand, while potential U.S. soybean tariffs redirect global soybean flows.
chinadaily.com.cnAi Heping in New YorkApr 11, 2018chinadaily.com.cn胡雨濛Apr 12, 2018After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
Not 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.
