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The Canadian dollar weakened on a soft trade balance and weaker Raw Materials and Import Price Index readings. Sterling extended gains against the loonie, reaching an eight-month high versus CAD.
Canada's GDP was forecast to show 0.0% growth.
Weak Canadian data pushes the USD/CAD rate higher, which is a currency move rather than a supply or demand change for feed commodities. Its effect on grain and oilseed prices is minimal.
exchangerates.org.ukElaine HoustenFeb 28, 2019Not 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.
