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Canada's share of Chinese wheat imports rose above 60 percent in 2018/19, up from 32 percent the year before, according to a USDA attaché report. The gains came largely at the expense of US and Australian wheat exports to China, which fell sharply.
Canadian canola sales to China have meanwhile collapsed amid a diplomatic dispute.
Shifting Chinese wheat demand toward Canada removes supply from the US and Australian export pools, which supports world wheat prices. The trade diversion is a key driver of wheat export flows this season.
cbc.caEvan Dyer31 Agu 2019Setelah 431 peristiwa perdagangan bullish sebelumnya, Gandum (SRW) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -1,3% sampai +2,1%), dan +0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
