Posted 1/1/2008 03:37 (#272493 - in reply to #272425) Subject: RE: Don't be afraid of $11 beans
Brazilton KS
The weak dollar increases domestic prices for corn, beans, and wheat because a significant portion of the crop is sold into the export market. With the dollar weak compared to other currency, the importing country can afford to pay more US$ for our grain and still be competitive with "normal" prices from another source which has a stronger currency.
Don't be afraid of $11 beans
