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USDA says China still enforces a restrictive 1% dockage requirement on Canadian canola imports, even though access was restored in May for Viterra and Richardson International. The agency expects Canadian exporters to ship to China only as a last resort.
The dockage barrier keeps Chinese canola demand well below historical levels, which weighs on Canadian canola export prices and supports more supply for domestic crushers.
producer.comSean PrattSep 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.
