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Global Times editorial argues the canola seed dispute does not represent overall China-Canada trade and calls Canada's WTO escalation politically motivated. It cites Canadian canola seed exports to China falling from $2.27 billion in 2018 to $1.13 billion in 2020.
The editorial reflects China's stance that restrictions will persist, which keeps Canadian canola seed flows to China depressed and supports canola meal prices, but it announces no new measure.
globaltimes.cnGlobal TimesJun 29, 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.
