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The Bank of Canada cut its benchmark rate by 25 basis points to 2.50%, citing a weaker economy, softer inflation and reduced upside inflation risk. The Canadian dollar weakened after the decision, with USD/CAD near 1.3757.
Traders then shifted focus to the Federal Reserve decision.
Lower Canadian rates tend to weaken the loonie, which supports Canadian exporters of canola and barley. The move is widely expected, so its effect on feed commodity prices is limited.
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.