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Financial Post reports that Canadian exporters could lose market share in China under the US-China Phase One deal. Under the deal, China commits to buy an additional US$200 billion of US goods over two years, including US$40 to US$50 billion of agricultural products.
Large Chinese purchases of US farm goods support US soybean, corn and wheat demand, while Canadian shipments may be displaced in the Chinese market.
financialpost.comNaomi PowellJan 14, 2020After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
