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Analysts expect the Canadian dollar to fall into the low 70s US cents because of new US tariffs on Canadian softwood lumber and expected Federal Reserve rate hikes. Trump also threatened Canadian dairy imports.
The Financial Post cited Canada-US trade tensions as the main pressure on the loonie.
Expected loonie weakness would lower the cost of Canadian exports to US buyers, while trade friction in dairy could affect milk product flows. The outlook is mainly a currency and trade-policy signal for feed markets.
financialpost.comLarysa HarapynApr 26, 2017Not enough comparable past events yet for a historical read.
After 49 past bearish trade events, Milk (Class III) moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% over 20.
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.
