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Reuters reports that at least 10 cargoes of Canadian canola have been stranded in the last few weeks amid the diplomatic dispute with China. Some 60,000-tonne cargoes were resold to buyers in Pakistan and Bangladesh at deep discounts.
Forced resales at steep discounts show Canadian canola is losing its China outlet, widening the discount to other origins and weighing on canola and meal values.
reuters.comRod NickelApr 29, 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.
