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China has blocked imports of Canadian canola seed and is increasing customs examinations of pork shipments amid a diplomatic dispute. Canadian exports fell sharply in April as shipments to China stopped.
Canada is reportedly weighing a meeting between leaders.
Loss of China as a buyer for canola and pork weakens Canadian export demand and pressures prices for canola meal and hog products. Further escalation could widen the discount on Canadian oilseeds.
reuters.comDavid LjunggrenJun 6, 2019Not enough comparable past events yet for a historical read.
After 477 past bearish events of any kind, Lean Hogs moved a median -0.4% over 5 sessions (42% higher; middle half -2.5% to +1.6%), 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.
