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The Canadian dollar stayed near a 12-week low against the U.S. dollar at about 1.39 per U.S. dollar and fell 2.8% in October, its biggest monthly drop since September 2022. The decline followed flat August GDP and risk aversion in global markets, including a UK gilt sell-off.
A weaker loonie makes Canadian-origin feed inputs such as canola meal cheaper in U.S. dollars and raises the cost of imported U.S. feed grains for Canadian buyers. Currency moves like this feed directly into landed feed costs.
livemint.comReutersOct 31, 2024Not 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.
