A sliding U.S. dollar could boost corn and soybean exports, but wheat remains under pressure from foreign competitors with weaker currencies, according to analysts. Last week, the U.S. Federal Reserve Bank said it would leave interest rates unchanged, and that it would seek an interest rate hike of only 2% in 2016. The move weakened the dollar, raising hopes that it could hike agricultural exports. “It has been a plus for price action in corn and beans. We’ve seen some good numbers; wheat lagged behind,” said Ted Seifried of Zaner Ag Hedge in Chicago. “Anything should help wheat,” he added. “The biggest impact, because it. Read more...
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