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China ended its three-year ban on two Canadian canola exporters, Richardson and Viterra. The article links the move to a global shortage of cooking oils that may be pushing Beijing to ease geopolitical restrictions.
The ban was widely seen as retaliation for Canada's arrest of Huawei executive Meng Wanzhou.
Tight global edible oil supplies give China a stronger need for Canadian canola, which supports oilseed and meal values. Canola meal supplies for feed remain a key watch point.
financialpost.comJake EdmistonMay 19, 2022Not enough comparable past events yet for a historical read.
After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% 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.
