Now traders say Canadian soybeans and peas face unusual obstacles. China has effectively banned the import of Canadian canola in the current diplomatic dispute, and now problems are arising for other crops. Another official in Northern China said his crushing plant scrapped plans to buy Canadian soybeans when the trade dispute flared. Such issues arise regularly in commodity trading, but rarely with damaging consequences, said Canadian Pork Council spokesperson Gary Stordy. They also restrict in some cases the number of soybean shipments allowed under one licence, slowing the flow, Cruz said.
Source: CBC News April 29, 2019 13:10 UTC