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Chinese rapeseed meal futures jumped more than 4 percent after cargoes from Canada were reportedly facing higher scrutiny at Chinese ports. Traders feared tighter supplies because of possible GMO certificate rejections for Canadian canola imports.
GMO certificates have previously been used as a non-tariff trade barrier.
Stricter port scrutiny of Canadian canola cuts expected supply into China, supporting rapeseed meal prices there. Global meal supply and competing protein prices could shift as buyers look elsewhere.
producer.comRobin BookerMar 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.
