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Global News reported that Chinese officials are ready to approve three Canadian-developed canola biotechnology traits, to be announced during Trudeau's Beijing visit. The Canadian canola industry expects the approval to add about $400 million a year in exports to China.
The traits are designed to make plants more resistant to weeds, drought and disease.
Approval would open a major new export outlet for Canadian canola and its meal, supporting prices for the feed ingredient. The size of the expected gain makes this a meaningful driver for canola meal demand.
globalnews.caDavid AkinDec 2, 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.
