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Alberta canola producers are struggling as China's ban on Canadian canola leaves unsold grain in bins. Alberta Canola says about 40 per cent of the province's canola sales normally go to China, worth roughly $3 billion.
Storage shortages are expected at the elevators.
Unsold supplies and storage constraints press canola cash bids lower, adding to the bearish price pressure on canola complex products.
globalnews.caSarah KomadinaJul 3, 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.
