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China has stopped buying Canadian canola seed, citing concerns about bacteria and fungi in the crop, which Canadian industry has disputed. Canada exports about 40 percent of its canola seed to China.
A University of Saskatchewan economist says the market has been affected but has not collapsed.
China is Canada's largest canola buyer, so lost demand pressures canola futures and shifts exports to other markets at discounts. The impact is seen as moderate given the market's resilience so far.
cbc.caCreeden MartellMar 23, 2019Not enough comparable past events yet for a historical read.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
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.
