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MarketsFarm reports that grain, oilseed and pulse prices have held up better than livestock values during the COVID-19 pandemic. Container shortages are constraining pulse exports, and the Canadian dollar is expected to trade between 71 and 75 US cents.
Analyst Neil Townsend expects continued volatility tied to a looming global recession and US election.
Stronger grain and oilseed values relative to livestock point to resilient feed-crop demand, while the loonie and container constraints affect Canadian export pricing.
grainews.caGFM Network NewsMay 1, 2020Not enough comparable past events yet for a historical read.
Not 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.
