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The Canadian dollar rebounded on March 6 after hitting an eight-month low the day before, but the rally was limited by trade tensions with the US. The US dollar was up 2.8% against the loonie since the start of the year, and the Bank of Canada was expected to hold rates.
Trade tension keeps a risk premium on the loonie, which raises the Canadian-dollar cost of US feed commodities. The effect is a currency move with limited direct grain price impact.
marketwatch.comAnneken TappeMar 7, 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.
