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Canadian PM Justin Trudeau and Chinese Premier Li Keqiang concluded the second Annual Leaders' Dialogue in Beijing, where canola biotech trait approvals were raised. The Canola Council said formal trade negotiations have not begun but welcomed efforts to lower tariffs.
China's current tariffs are 9% on canola seed and oil and 5% on canola meal, versus 3% on soybeans.
Lower Chinese tariffs and approval of canola traits would expand Canadian canola export access, supporting demand for canola meal used in feed. Until those changes happen, the higher tariffs keep export competitiveness limited.
dairyproducer.comJim EadieDec 6, 2017
agrimarketing.comDec 6, 2017
canolacouncil.orgCanola CouncilDec 5, 2017Not 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.
