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The Canadian dollar rose 0.2% against the US dollar on June 29 as oil gained 0.9% and the Conference Board's consumer confidence index rose 16 points to 79.7 in June. Statistics Canada also reported building permits rose 20.2% in May.
Improving Canadian economic data supports oil and the loonie, which affects import costs for Canadian feed buyers. The effect on feed grain prices is small.
brecorder.comReutersJun 29, 2020Not 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.
