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Traders report Canadian canola shipments slowed at Chinese ports after the arrest of Huawei CFO Meng Wanzhou. Importers are avoiding Canadian purchases as China has also detained two Canadians and escalated a drug sentence against a third.
Canada supplies over 90% of China's canola imports.
With China sourcing over 90% of its canola imports from Canada, buyer hesitation is bearish for canola and meal prices.
scmp.comReutersFeb 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.
