# With China Refusing Shipments, Canola Piles Up on Canadian Farms - Caixin Global

> Canola stockpiles as of March 31 reached their highest seasonal level since 1980 because China has stopped buying Canadian seed. Growers may need to buy new bins at roughly C$2 per bushel to hold leftover supplies from the 2018 harvest.

- Date: 2019-05-23 · published 2019-05-23T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/59073-with-china-refusing-shipments-canola-piles-up-on-canadian-farms-caixin-global
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Record carry-in stocks add to bearish canola pressure and may force farmers to sell quickly, weighing on canola meal and seed prices.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2019-05-23/with-china-refusing-shipments-canola-piles-up-on-canadian-farms-101419051.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.