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An expert at the FarmTech conference said China is unlikely to lift restrictions on Canadian agricultural products, mainly canola, while Meng Wanzhou remains in custody. Before the ban, Canada exported close to 40 percent of its canola to Asia, worth about $2.5 billion.
With no near-term resolution, Canadian canola stays shut out of its largest export market, which limits demand and keeps prices weak.
edmontonjournal.comDylan ShortJan 29, 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.
