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Bloomberg reports that the resolution of US charges against Huawei's Meng Wanzhou and the return of two detained Canadians has raised hopes for resolving the Canada-China canola trade dispute. China suspended two major Canadian shippers, Viterra and Richardson, in 2019.
Improved relations could reopen Chinese canola demand, which would ease tight Canadian supplies and pressure canola meal prices.
scmp.comBloombergOct 20, 2021Not 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.
