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The Agricultural Producers of Saskatchewan president said that a year after China suspended Canadian canola imports, producers remain shut out of the Chinese market. Canola prices have dropped since the ban began.
Canada has increased exports to Bangladesh, the United Arab Emirates and the European Union, and Saskatchewan crushing plants have been busy.
Lost Chinese demand has weighed on canola values, although stronger crush and other export markets provide partial support for canola meal. Reopened access to China would be bullish.
cjme.comCJME NewsMar 9, 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.
