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Canadian canola prices spiked as shippers found indirect routes to China, with Canadian canola reaching Chinese crushers through Europe and the UAE. Canada's direct canola seed exports to China remain blocked after the 2019 suspension of major exporters' licences.
Indirect flows support Canadian canola and rapeseed prices and tighten global oilseed supply, which favours higher canola meal and oil prices for feed buyers.
reuters.comRod NickelAug 9, 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.
