Loading…
A memorandum of understanding allowing Canadian canola exports to China with 2.5% dockage expired on March 31. Canadian officials said China will permit continued trade at the reduced pace, but only for shipments at or below 1% dockage.
Most exporters have been meeting that level since last March.
Exports continue at the reduced pace, so overall canola meal supply to China is largely unchanged. The stricter cleanliness requirement adds cost and limits volume, which keeps prices from rising.
farmtario.comAllan DawsonMar 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.
