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Canada and China have lifted a three-year ban on two Canadian canola exporters, according to Canadian trade and agriculture ministers. Analysts cited global vegetable oil shortages tied to the Ukraine war as a driver, while noting limited near-term canola supply until fall.
Reopening China access for major Canadian exporters supports canola export demand and prices, though limited old-crop supply and growing domestic crush capacity may reduce the near-term price impact.
cwf.caJun 15, 2022Not enough comparable past events yet for a historical read.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
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.
