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The US dollar rebounded about 1.2% against the Canadian dollar after touching three-year lows the previous day. The move followed a sharp rise in US and Canadian bond yields, which weighed on stocks and reflected inflation expectations and a strong recovery outlook.
A stronger US dollar against the loonie makes Canadian-origin feed and meal cheaper for Canadian buyers and more expensive for US buyers. The broader effect on grain prices is limited.
interchangefinancial.comInterchange FinancialFeb 26, 2021Not 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.
