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According to two unnamed sources cited by Reuters, China has agreed to resume imports of Canadian canola, ending a ban that began in March 2019. The agreement was reached in a call between China's customs administration and Canada's farm ministry.
Official confirmation and full details were not yet available.
A resumption of Chinese demand for Canadian canola, the world's top canola supplier, would support canola meal and seed prices. The effect is tempered by the unconfirmed status of the deal and ongoing restrictions on some exporters.
topcropmanager.comAlex BarnardMar 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.
