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China has reinstated market access for Richardson and Viterra, which were blocked from exporting canola seed since March 2019. Canada had earlier reported that China tightened inspections on all Canadian canola shipments.
Canada previously sent about 40 per cent of its canola seed, oil and meal exports to China.
China was a major canola outlet, so partial recovery of that trade supports Canadian oilseed and meal supply. Immediate price impact is limited.
topcropmanager.comBree RodyMay 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.
