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Canada and China are in talks to keep limited Canadian canola seed exports flowing despite a year-long trade dispute. Shipments from companies other than Richardson International and Viterra were at risk when a foreign-material (dockage) standard expired on March 31.
Officials from China's customs administration and Canada's farm ministry spoke on Tuesday.
Continued access to China keeps Canadian canola meal supply and crush demand more stable, which supports canola meal prices. A breakdown in talks would tighten export outlets and pressure Canadian canola values.
financialpost.comReutersMar 31, 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.
