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Undercurrent News reports that Peruvian fishmeal market conditions are being pressured by the Chinese yuan and the US-China trade dispute. The article's text is mostly page furniture, with few details on prices or volumes.
A weaker yuan and trade friction can reduce Chinese demand for fishmeal, which is bearish for fishmeal prices. The effect depends on how much China's buying weakens.
undercurrentnews.comMatt CrazeSep 24, 2019Not enough comparable past events yet for a historical read.
After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% 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.
