
Canada finalised an updated pet food arrangement with China valued at about $530 million, allowing ruminant ingredients as well as poultry and covering processed and canned products. Canada also confirmed a two-year extension of a preliminary deal covering canola meal and peas, following a trade mission led by Agriculture Minister Heath MacDonald.
The canola meal and pea tariff extension preserves a key export outlet for Canadian meal into China, supporting demand for alternative protein feed. The pet food access mainly affects pet food rather than livestock feed 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.