
The Canadian dollar weakened against the US dollar on Friday as the Fed's cautious guidance after its second 25bp cut reduced expectations for another cut this year. Canada's GDP contracted 0.3% month on month in August, missing expectations for flat growth.
The US Dollar Index traded near three-month highs around 99.75.
A firmer US dollar and weaker loonie raise the cost of Canadian-currency inputs for buyers priced in USD and can shift Canadian export competitiveness for feed grains and meals, though the effect on feed prices is indirect.
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.