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Canadian Grain Commission data show Canadian canola exports to China through March 2020 totaled 1.163 million metric tons, versus 2.91 million a year earlier. Exports to European destinations, Bangladesh and the UAE rose year over year but only partly offset the drop.
Lower export flows to China leave more Canadian canola available domestically or for other buyers, a bearish factor for canola complex prices if alternative demand stays thin.
dtnpf.comCliff JamiesonApr 30, 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.
