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The Canola Council of Canada and Canadian Canola Growers Association updated growers on trade with China and COVID-19 impacts. A March 30 Canada-China call kept trade at about 30% of normal volume rather than reopening it, with the 1% dockage limit strictly enforced and expired trade permits for Viterra and Richardson.
Canadian canola remains largely shut out of its largest import market, keeping Canadian canola and meal supplies pressured and supporting the case for diversifying to other buyers.
topcropmanager.comAlex BarnardApr 29, 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.
