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China has removed a three-year restriction on imports of Canadian canola seed, according to Canadian officials, who gave no reason for the decision. Trade is still expected to be limited by low canola stocks and high prices.
Canada produced its smallest canola crop in 13 years in 2021.
Reopened access helps Canadian canola demand, but tight supplies and high prices cap the flow of seed to China, so the price effect is modest. Canola meal supplies for feed users remain tight.
reuters.comMay 19, 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.
