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Chinese oilseed crushers have inquired about fresh Australian canola cargoes ahead of an expected trade pact that could end a freeze in shipments in place since 2020. Cofco resumed trial purchases last year, and private processors are seeking fourth-quarter delivery.
Rapeseed meal futures in Zhengzhou fell as much as 2.8% on the news.
A reopened Australian supply route would add competing canola to China's import pool and ease its reliance on Canada. This weighs on rapeseed meal prices in China, and the outlook for Canadian canola exports to China depends on the trade pact.
financialpost.comBloomberg NewsJun 25, 2026Not 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.
