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Canada's agricultural trade with China has improved somewhat, with record Canadian pork purchases and canola seed shipments in March reaching their largest level since December 2018. Canola oil exports in March were the largest since March 2019.
Tensions over the Huawei case and Hong Kong remain, leaving the outlook fragile.
Improved Chinese buying of Canadian canola and pork supports prices for canola meal and oil, but the continued political risk limits confidence in sustained demand.
scceu.orgJun 5, 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.
