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Alberta canola producers are shifting sales toward drought-stricken Europe after China effectively blocked Canadian canola imports. Europe's record drought has cut its canola output needed for biofuel, opening demand for Canadian supplies.
European shortfalls create demand for Canadian canola that partly replaces lost Chinese sales, supporting prices for canola products.
cbc.caCBC NewsAug 24, 2019Not 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.
