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Canadian soybean, canola, pork and beef farmers report almost no sales to China since December, after Beijing retaliated against Canada's detention of a Huawei executive. Farmers are scrambling to find alternative buyers and Ottawa says it will provide support.
The loss of China as a buyer for Canadian oilseeds and meats weighs on domestic prices and pushes exporters toward costlier alternative markets.
theglobeandmail.comSteven ChaseAug 4, 2019After 53 past bearish geopolitics events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -1.9% to +1.2%), and +1.0% over 20.
Not enough comparable past events yet for a historical read.
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.
