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A Reuters morning market note described easing US trade fears and the outcome of Canada's election, won by Mark Carney's Liberals with a near-majority. The Canadian dollar had risen more than 3% against the greenback in April.
Easing trade fears reduce the risk premium on tariff-exposed agricultural exports, but the currency move alone has a limited direct effect on feed prices.
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.