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USD/CAD dropped to near one-week lows around 1.3055 on Wednesday amid COVID restriction concerns in US states and firmer crude oil prices. Canadian October CPI rose 0.4% month-on-month, and the yearly rate unexpectedly rose to 0.7%.
This is routine currency commentary driven by oil and macro data, with no direct grain or feed supply impact. Stronger crude supports energy-linked costs but does not change feed fundamentals.
octaafrica.netNov 18, 2020Not 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.
