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Chinese buyers have continued purchasing Canadian farm products despite the canola dispute. Canada shipped 1.9 million tonnes of wheat to China in the crop year through June, up 92% year on year.
Canola oil and meal shipments continue at slightly lower volumes, while canola seed shipments fell 22%.
Diversion of Chinese demand toward wheat and canola products supports Canadian wheat and meal flows while canola seed remains constrained, keeping canola seed prices under pressure relative to processed products.
feedandgrain.comDec 1, 2020After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Not 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.
