China and canola

[errolanderson]

Thanks Errol, I know it is a tough one to analyse because it mostly depends on what side of the bed the Chinese get up on each morning. It seems like every time canola gets a bit of traction it just can't quite get up over that hill of resistance, it has all these anchors tied to it's ass. The fundamental ones are easy to see, the political ones not so much. Yesterday U.S commodity gurus seemed to think that tonight's State of the Union address will be bullish for the grain trade, so I guess we will see.

Chinese bought American beans over the weekend, so possibly a good sign.

We have heard more reports of Cdn canola cargoes now subjected to heightened checks in China. According to shippers, some canola cargoes have been delayed up to 2 to 3 weeks since the Huawei arrest. This may make canola exporters somewhat cautious heading into late winter (IMO).

[helmsdale]

We have heard more reports of Cdn canola cargoes now subjected to heightened checks in China. According to shippers, some canola cargoes have been delayed up to 2 to 3 weeks since the Huawei arrest. This may make canola exporters somewhat cautious heading into late winter (IMO).

Read it here:
https://www.reuters.com/article/us-canada-canola-china-idUSKCN1PU23G https://www.reuters.com/article/us-canada-canola-china-idUSKCN1PU23G

[macdon02]

Read it here:
https://www.reuters.com/article/us-canada-canola-china-idUSKCN1PU23G https://www.reuters.com/article/us-canada-canola-china-idUSKCN1PU23G

$370 futures need a retest?

[furrowtickler]

Read it here:
https://www.reuters.com/article/us-canada-canola-china-idUSKCN1PU23G https://www.reuters.com/article/us-canada-canola-china-idUSKCN1PU23G

But chuck says politics has nothing to do with commodity prices ..