The News & What it Means – Canadian Dollar Quiet, but Building Energy?

By John DePutter & Dave Milne – November 14, 2018

 

The news:

“The Canadian Dollar is lacking a clear narrative to drive it in one direction or the other at present, according to strategists at Toronto-headquartered BMO Capital Markets, who say the Loonie could remain in a “flat range” until the US Dollar index tops out and goes into reverse.”

– Pound Sterling Live, Nov. 9, 2018

The News & What it Means – Quiet for Now but Market Attention to Soon Turn to South America

By John DePutter & Dave Milne – Oct. 16, 2018

 

The news:

“Brazilian farmers are planting the new soy crop at a record pace, reaching 20 percent of the projected area by Thursday, consultancy AgRural said on Monday.”
-Reuters, Oct. 15, 2018

 

What it means:

The impact on Chicago soybean futures may be negligible or even non-existent for now, but don’t go to sleep on it – Brazil is a major market factor.