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China blocked canola exports from Richardson International and Viterra, with other Chinese buyers reportedly simply halting purchases from Canadian firms. Beijing cites pests and bacteria, while Canada says exports met standards and has requested a scientist delegation; the move is widely viewed as retaliation over the Meng Wanzhou arrest.
Canada is the largest canola exporter and China a major buyer, so lost access builds surplus supply and pressures canola and canola meal prices lower; analysts expect China ultimately to resume buying.
farmersforum.comApr 5, 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.
