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A China Brief reviews the mutual expulsions of diplomats between Canada and China and the resulting tensions. It notes that Canadian canola farmers and pork producers worry about possible agricultural retaliation, while analysts say it is too early to predict China's next move.
Potential Chinese restrictions on Canadian canola and pork would tighten import supply in China, but as no measures have been announced the market impact remains limited.
cwf.caMay 16, 2023Not enough comparable past events yet for a historical read.
After 196 past neutral events of any kind, Lean Hogs moved a median -0.3% over 5 sessions (47% higher; middle half -1.8% to +1.6%), and +0.6% over 20.
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.
