
Saskatchewan Trade Minister Warren Kaeding said he was cautiously optimistic after reports that Canada-U.S. trade talks had resumed and might be making progress. He said he wants a tariff-free open trade deal with the U.S. regardless of the outcome of the midterm elections.
He also discussed Keystone XL revival talks and China's canola tariffs.
Possible progress on Canada-U.S. trade and a resolution of China's canola tariffs would affect canola meal and oilseed flows. Until a deal is concrete, the outlook is uncertain and prices are unlikely to move much.
Not 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.