Investors are trying to find new reasons to take equities higher, earnings are coming in as expected and that seems to give them no solace, indexes are trading close to all time highs but not pushing through. Agricultural futures continue to go up, wheat is now up 29% versus last year and soybean is up 79% versus last year. Looks like those meatless products are going to cost a lot more, cattle on the other hand is up 16.7% versus last year. Will peoples’ diets change back to meat based products, we will have to wait and see.
USDCAD stuck in narrow range today.
Currently* Close Range
USDCAD 1.2496 1.2496 1.2472-1.2534
EURCAD 1.5000 1.5036 1.5000-1.5087
GBPCAD 1.7300 1.7402 1.7279-1.7430
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