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ICE canola traders are watching the Vancouver extradition hearings for Huawei CFO Meng Wanzhou. China halted most Canadian canola imports after her arrest in December 2018.
A PI Financial trader said China is likely to hold off on large canola purchases even if she is released.
Continued Chinese import restrictions keep Canadian canola export demand impaired, so any delay in resuming purchases keeps canola meal and seed prices under pressure.
agcanada.comAGCanadaJan 24, 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.
