An ag economist says it isn’t just the stronger U.S. dollar that’s been hurting ag exports.
Stephen Nicholson Global Strategist with RaboResearch says there are other factors coming into play. “You know, record corn and soybean production out of Brazil and so they’ve been extremely competitive in the marketplace,” he says. “And also Russia’s record wheat production and record wheat exports have also been tough on anyone else trying to compete in that marketplace going forward.”
He says he doesn’t anticipate the dollar moving from its current level anytime soon.