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The Canadian dollar rose 0.9 percent to 1.2793 per US dollar after the US and Canada reached a trade deal to replace NAFTA, named USMCA. The agreement gives US dairy farmers greater access to Canada while Canada effectively caps auto exports to the US, with signing expected by end of November.
Confirmed USMCA terms preserve market access for North American agricultural trade, supporting dairy and grain export flows. Reduced trade uncertainty tends to stabilize feed demand across the region.
cnbc.comFred ImbertOct 1, 2018After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% over 20.
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.
