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The Canadian dollar started February weaker against the US dollar, with USDCAD rising from 1.276 toward 1.283. The US Dollar Index nearly touched 91 after being below 90 since late December, amid GameStop-driven equity volatility and EU-AstraZeneca vaccine disputes.
A rebound in the US dollar index raises the price of USD-denominated feed commodities for non-US buyers. The move reflects shifting risk sentiment rather than a change in feed supply.
ofx.comMondayJan 31, 2021Not enough comparable past events yet for a historical read.
Not 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.
