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Canadian canola exports to China are under question as political tensions have reportedly halted Chinese purchases. March canola futures fell to their lowest in nearly four weeks, and exports through licensed facilities are down 6.7% year on year.
Record Canadian December stocks of 14.6 million tonnes weigh on the market.
Halted Chinese buying and record stocks are bearish for canola futures and canola meal, adding downside pressure to Canadian oilseed prices.
dtnpf.comFeb 13, 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.
