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The Canadian dollar weakened Friday even though Statistics Canada showed May GDP grew 4.5%, above the 3.5% consensus. An advance estimate indicated only modest further growth in June, with Q2 contraction around 12%.
A weaker loonie and softer Canadian demand have limited direct effect on feed grain prices, though a firmer USD/CAD can pressure Canadian canola and barley export values.
poundsterlinglive.comJames SkinnerJul 31, 2020Not 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.
