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Canadian ag groups plan to argue for freer trade with China during a 90-day federal consultation running to June 2 on a possible FTA. Canadian pork exports to China reportedly rose 144% in 2016, and the Canadian Pork Council stressed the importance of the Chinese market.
Expected improved market access for pork and canola could support hog and canola prices if a deal advances, but the outcome is still uncertain.
farmtario.comFarmtario StaffMar 8, 2017After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% 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.
