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Canada's agriculture minister said China lifted its beef and pork ban partly because of a domestic shortage caused by African swine fever and partly because of improved relations. She could not give a timeline for lifting the canola ban, and Canada is working through WTO consultations and market diversification.
Reopened Chinese demand for Canadian pork supports hog and feed-grain demand, while the unresolved canola ban keeps oilseed meal exports constrained.
ipolitics.caCharlie Pinkerton, Rachel EmmanuelNov 8, 2019After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% 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.
