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Ontario | I know what you mean sheep, if the dollar collapses it should/could help commodity prices. I will keep this in mind as I develop my plan.
The difference, or big problem for corn/soybean growers in Canada is: The moment the U.S. $ goes down, the CDN $ rises. Meaning that the buyers erode the basis almost equal to any rise/upward gain in the futures market. (And I think they are making a killing off of us doing it!) So we have to really pick our spots here. (Try to predict when to lock the basis & sell, before our dollar rises vs. the U.S. $ dropping! (And vice versa as well) Lots of Fun!! (lol)
ehoff also mentioned there is a scenario where the stock market gets taken down, and the futures market goes with it. So its a tough call.
But yes, I will keep in mind that a falling U.S. $ may help commodities at least for a time; and depending how drastic the move is. I agree with you, that a falling U.S. dollar has often supported or propelled grains upward in the past couple of years. | |
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Do ya think Banks are gonna implode now?
