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Chinese canola oil traders say they have sharply cut purchases of Canadian canola oil, regardless of origin, because of higher prices and bilateral tensions. They are diversifying supply toward Russia and some EU countries.
Lower Chinese demand for Canadian canola oil weighs on canola oil and meal prices, partly offsetting the supply tightness elsewhere.
globaltimes.cnGlobal TimesAug 12, 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.
