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Japan's exports fell 1.2% year-on-year in February 2019, a third straight monthly decline and worse than the 0.9% drop expected. Weakness was concentrated in China- and Asia-bound shipments, and the data raised expectations of more Bank of Japan stimulus.
Weaker Asian trade and slowing external demand reduce growth expectations for commodity importers, a mildly bearish signal for feed demand. The direct price effect on feed ingredients is small.
ibtimes.sgReutersMar 18, 2019Not 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.
