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Canada's federal government announced public consultations on a possible free trade agreement with China. A Canola Council-commissioned study by Dan Ciuriak estimates that removing China's tariffs on Canadian canola could raise exports of seed, oil and meal by up to $1.2 billion per year, about 1.8 million tonnes.
Tariff removal would expand Chinese demand for Canadian canola, meal and oil, supporting canola and canola meal prices. The effect remains a long-term prospect pending negotiations.
canolacouncil.orgCanola CouncilMar 6, 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.
