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China and Canada remain in a trade and political dispute that began with the December 2018 arrest of Meng Wanzhou in Vancouver, hampering rapeseed and other commodity shipments between the two countries. The article's headline references a rally in Chinese rapeseed oil that is widening its spread with other edible oils.
Restricted Canadian rapeseed flows into China tighten supply of rapeseed oil there, supporting Chinese rapeseed oil prices and their premium over palm and soy oils.
reuters.comJul 21, 2020After 80 past geopolitics events, Palm Oil moved a median +1.2% over 5 sessions (66% higher; middle half -0.9% to +5.2%), and +2.9% over 20.
After 144 past geopolitics events, Soybean Oil moved a median +0.6% over 5 sessions (56% higher; middle half -1.9% to +3.2%), and -0.6% 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.
