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China's ban on Canadian canola reached its one-year mark on March 10, 2020, with no resolution in sight. The ban began in March 2019 when China suspended Richardson International's export permit and was later extended to other exporters.
The Canola Council of Canada estimated canola seed exports to China fell about 70% in 2019.
Lost Chinese demand has weighed on Canadian canola prices and pushed trade toward other markets. The continued absence of China keeps canola meal supply looking heavier than it otherwise would.
topcropmanager.comAlex BarnardMar 10, 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.
