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The Canadian canola industry fears China will retaliate against Canada's expulsion of a Chinese diplomat by blocking agricultural shipments. The article recalls that China blocked canola from two major Canadian firms in 2019, a ban lifted in 2022.
A renewed Chinese block on Canadian canola would remove a major export outlet and could pressure canola meal and oil prices, though the risk is currently a concern rather than an action.
nsnews.comCanadian PressMay 9, 2023Not 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.
