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A China expert told a farm conference that a quick resolution to China's de facto ban on Canadian canola is unlikely. He said the retaliation carries the personal imprint of President Xi Jinping and that industry relationships count for little in the dispute.
Expectation of a prolonged ban keeps Canadian canola exports to China shut, reinforcing discounts on canola versus other oilseeds. Market participants should not price in an early reopening.
albertafarmexpress.caAlexis KienlenFeb 11, 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.
