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Canada's economy grew 3.3% quarter-over-quarter in the second quarter, below forecasts, with residential investment falling at an annualized 28% rate. Output grew just 0.1% in June and a preliminary estimate pointed to a 0.1% contraction in July.
Slowing Canadian growth and a weaker currency point to softer demand and a reduced rate-hike path, with little direct effect on feed grain supply. Price impact on feed commodities is minimal.
corpaycurrencyresearch.comKarl Schamotta, Chief Market StrategistAug 31, 2022Not 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.
