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Canola prices spiked briefly on November 1 after Trump tweeted about a good conversation with Xi on trade, then corrected the next day and finished the week lower. Canola had hit yearly lows with the January contract at $486 per tonne on October 31.
Trade-talk headlines create short-lived rallies, but without new information the underlying bearish trend from the US-China trade war persists.
manitobacooperator.caAshley RobinsonNov 8, 2018After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
