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At the first Canada-China Canola Dialogue in Beijing, Canada's Agriculture Minister Lawrence MacAulay and Chinese trade officials highlighted growing canola trade. China bought just under 4.0 million tonnes of Canadian canola seed in 2016-17, worth C$3.4 billion in total canola trade.
Confirmed strong Chinese demand for Canadian canola seed, oil and meal supports export demand and canola prices. The event is diplomatic and promotional, so the near-term price effect is modest.
canoladigest.caJay WhetterJan 8, 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.
