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The Canadian dollar edged up 0.1% to C$1.3467 per U.S. dollar as Canada's economy grew faster than expected in the second quarter. The Bank of Canada is still expected to cut rates, with mortgage renewals adding pressure.
A weaker Canadian dollar and rate cuts support Canadian exports and currency-linked commodity flows, but this is a currency and macro story with little direct effect on feed grain prices.
reuters.comPromit MukherjeeAug 30, 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.
