Weak US dollar benefits some ag commodities, but not all agjournalonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agjournalonline.com Daily Mail and Mail on Sunday newspapers.
Weak U S Dollar Benefits Some Agriculture Commodities, But Not All - AG INFORMATION NETWORK OF THE WEST aginfo.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aginfo.net Daily Mail and Mail on Sunday newspapers.
Weak U.S. Dollar Benefits Some Agriculture Commodities, But Not All
Shifts in currency values boost export opportunities for many ag commodities, create headwinds for others
DENVER, Feb. 25, 2021 (GLOBE NEWSWIRE) The value of the U.S. dollar weakened substantially since March 2020 and is expected to experience modest deflation in 2021. A weaker dollar generally makes U.S. agricultural products more competitive on the global export market. However, not all commodities are affected equally given the diversity in global export competition and foreign exchange rates.
Fundamental factors like tariffs and weather conditions in key agricultural producing regions often dominate market dynamics despite currency headwinds or tailwinds and should not be discounted, according to a new report from CoBank’s Knowledge Exchange.
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