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Iron ore futures in Dalian fell nearly 11% on a Monday in late April 2022 as Beijing ordered mass COVID testing and lockdown fears grew. Copper and aluminum also slid to their lowest since early February, with Shanghai in its fourth week of restrictions.
Weaker Chinese industrial demand and lockdown-driven slowdowns reduce China's import appetite for commodities, which can weigh on feed demand from its hog and poultry sectors and on overall soybean and meal import needs.
financialpost.comApr 26, 2022After 50 past bearish disease events, Soybeans moved a median +0.5% over 5 sessions (58% higher; middle half -1.7% to +2.4%), and +0.0% over 20.
After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% 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.
