Corn is feeling the effects of a strong U.S. dollar, but will it pick up?
U.S. Grains Council says corn exports in the new marketing year are off to a slow start.
Corn exports are off to a slow start for the new marketing year.
The U.S. Grains Council says the recent strength of the U.S. dollar is affecting competitiveness on the global market, but once the majority of the harvest is underway, movement should pick up.
“We’re seeing the strength of the U.S. dollar versus other currencies, specifically our South American competitors in Brazil and Argentina, is affecting our competitiveness,” said Cary Sifferath.
As Canada works to increase ethanol blending levels, the Grains Council says it will likely import the difference from the United States.