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A Vancouver court ruled that extradition proceedings against Huawei CFO Meng Wanzhou may continue, dashing hopes that China would soon reinstate canola export licenses. Canola futures fell 0.5% to C$461.40 a ton.
Continued blockage of Chinese canola demand removes a potential bullish catalyst, keeping Canadian canola prices under pressure ahead of the new crop.
ajot.comBloombergMay 28, 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.
