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The Canadian dollar weakened as the Bank of Canada was described as dour while crude oil settled $1.31 higher at $51.60. Canadian bond prices were mixed and an EU-Canada free trade summit was reportedly being postponed.
A weaker loonie makes Canadian-origin feed inputs cheaper for US buyers, while higher oil supports energy-linked costs; the impact on feed grain prices is limited.
reuters.comSep 30, 2021Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
