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China's canola imports jumped to 477,000 tonnes in November, far above the roughly 100,000 tonnes monthly average of the prior nine months and the largest monthly total since January 2019. Analysts disagree on whether the surge is a one-off purchase after canola prices fell or a sustained shift in demand.
Strong Chinese buying supports Canadian canola export demand and West Coast basis, while a one-off surge would leave prices exposed to weaker demand later.
ukragroconsult.comDec 23, 2022
producer.comSean PrattDec 22, 2022Not 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.
