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Canada's canola trade with China has been stalled for a year following China's import ban, which Beijing attributes to phytosanitary concerns. The ban followed Canada's arrest of a Huawei executive on a U.S. warrant.
No resolution had been reached as of the March 12 publication date.
The continuing ban limits Canadian canola exports to a key buyer, which keeps prices pressured and supply pushed to alternative markets. Resolution of the dispute would be a bullish factor for canola meal.
manitobacooperator.caGord GilmourMar 12, 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.
