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Canada and China agreed to extend until the end of 2028 the favourable market access granted under the Preliminary Joint Arrangement for Canadian canola meal, peas, lobsters and crab. The extension was agreed at a Joint Economic and Trade Commission meeting in Beijing, the first held at ministerial level.
Secure access to China for canola meal supports Canadian export volumes and gives crushers and exporters more predictable demand, which is modestly supportive for canola meal prices.
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.
