With the U.S. Federal Reserve raising interest rates for the first time in almost a decade and the Bank of Canada suggesting it’s considering negative interest rates, how much lower can the Canadian loonie drop relative to the U.S. dollar?
It’s an important question when determining whether to lock in basis levels, as movement in the currency market has made Canadian grain “a lot more exportable,” as Brennan Turner of FarmLead.com explains in this market update with RealAg’s Shaun Haney.
The pair discuss the currency effects in the grain market, what Canadian farmers will be planting (other than lentils and peas) and opportunities for locking in both new and old crop basis in this podcast:
Related:
- Pulse School: Record Lentil Acres Expected with Spike in Prices
- This Week in the Markets — Dollar Shifts, Interest Rates and COOL
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