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China will keep zero tariffs on Canadian peas and canola meal until the end of 2028, a two-year extension announced on November 4 while Canada's trade minister was in China. Canola seed and canola oil were not covered and still face duties.
Continued zero tariffs keep Canadian canola meal and pea exports flowing to China, supporting demand for protein meals and modestly easing supply pressure on the meal complex. Unresolved canola seed and oil duties leave a possible later catalyst.
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.