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Statistics Canada customs data show Canadian exports to China rose 16.5% year-over-year in Q3 2021, a slowdown from earlier growth. Bituminous coal led exports to China, and canola seed exports reached $1.2 billion, up 97.6% for the first three quarters.
Strong Chinese demand for Canadian canola seed supports Canadian canola prices and tightens supply available for crushing into meal and oil.
ualberta.caDarren ChoiJan 31, 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.
