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Paul Ferley of RBC said Canadian canola exports to China have grown significantly and are increasingly important, while China's demand for lumber is rising amid US protectionism. He noted that canola seed and oilseed exports to China have jumped sharply.
China took 4.8 million tonnes of canola seed, oil and meal worth $2.7 billion last year.
Sustained Chinese demand for Canadian canola supports canola meal and seed prices, though this is a commentary on existing trends rather than a new supply or demand shock.
usa.chinadaily.com.cn李松Jul 27, 2017Not 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.
