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CBC reports Canadian canola shipments to China, worth $2.7 billion last year, have been halted at Chinese ports over alleged pests, with ships stuck offshore and import licences suspended. Diplomats link the ban to the diplomatic dispute over the arrest of a Huawei executive.
Stranded cargoes and suspended licences cut a major export outlet for canola seed, bearish for Canadian canola and supportive of competing oilseed meals.
cbc.caSaša PetricicApr 12, 2019
foodnavigator.comFlora SoutheyApr 12, 2019After 72 past bullish geopolitics events, Soybeans moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and -1.0% over 20.
After 80 past geopolitics events, Palm Oil moved a median +1.2% over 5 sessions (66% higher; middle half -0.9% to +5.2%), and +2.9% over 20.
Not 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.
