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The Bank of Canada held its benchmark rate at 1.25% and did not signal whether it would raise rates in May or June, though it said higher rates would be warranted over time. The Canadian dollar fell as USD/CAD broke above its 200-day moving average to an eight-day high.
A less hawkish central bank weakens the loonie, which affects Canadian-linked commodity export pricing and cross-border feed and grain costs. For feed buyers the effect on grain prices is indirect.
wsj.comOlga CotagaApr 18, 2018Not 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.
