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Canadian lawmakers heard conflicting explanations for China's refusal to import Canadian canola seed, which threatens the spring planting season for a second year. Canada's ambassador Dominic Barton said he believes Beijing acted as punishment linked to the Meng Wanzhou case, while Global Affairs officials said there was no clear link.
With no near-term resolution, Canadian canola export flows to China remain blocked, supporting the case for wider price discounts on Canadian canola. Political rather than market drivers mean timing of any reopening is highly uncertain.
cbc.caJanyce McGregorFeb 14, 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.
