China Brief 97 | China's recovery stalls, Canada-India tensions and trade, and a change to China Brief Canada West FoundationCanada West Foundation

After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.

• Sep 3, 2018Trade war could force heavier hand from China on yuan+0.9%
• Nov 4, 2020Ethanol industry still recovering from COVID hit - Farm and Dairy+1.8%
• Nov 28, 2024Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast+1.1%
• Jul 26, 2022Inflation-Hit Consumers Are Trading Down to Chicken From Beef - Bloomberg+6.6%
• Jun 25, 2018COT Dollar strength and trade fears trigger big changes across forex and commodities | Saxo-1.1%

After 117 past bearish macro events, Soybean Meal moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% over 20.

• Oct 29, 2026The sharp fall in the real exchange rate has caused soybean meal prices to collapse in Brazil and China, which is increasing pressure on prices in Ukraine.-3.3%
• May 3, 2022China | RMB exchange rate sharp depreciation amid diverging monetary policy | BBVA Research-6.7%
• Jul 17, 2023Instant View: China's Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations+3.6%
• Dec 31, 2024Dollar stands tall in 2024, propped up by cautious Fed, Trump trade-1.5%
• Nov 12, 2024Brazil’s real weakens, interest rates climb under Trump effect-1.9%