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On April 2, 2019, CIBC analysts said China's expanded ban on Canadian canola could further weaken the Canadian dollar by hurting its trade balance. The dispute followed Canada's arrest of Huawei's chief financial officer, and Canadian farmers were seeking other buyers for canola.
Losing Chinese canola demand pushes Canadian supplies into other markets, pressuring canola meal and seed prices and widening discounts for Canadian origin feed protein.
theglobeandmail.comMichael BabadApr 2, 2019Not enough comparable past events yet for a historical read.
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.
