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Canola exports from Canada remain 50 to 70 percent below normal, with Viterra and Richardson still lacking Chinese licences to ship seed. The Canola Council says producers have shifted to Europe, UAE, Pakistan and Bangladesh and planted less canola as prices fell.
Some seed is moving to China but in limited volumes.
Persistent loss of China access keeps Canadian canola seed demand weak and prices depressed, while reduced acreage tightens future supply and could support prices later.
cochranenow.comDec 23, 2020Not 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.
