US Dollar

[cottonpicken]

Is dropping like a stone.

.805 here we come!

[charliep]

Just curious on your comment that the loonie is headed lower relative to the US buck. Charts still look pointed higher to me (at least when I look at weekly/monthlies). A combination of the fact Canada is a resource based economy and ongoing failure to deal with their spending issues south of us also speak to a higher dollar.

My issue is not information itself but what you do with it. The risk right now for most farmers is the impact of a higher dollar (a lower dollar is a benefit to commodity prices). So from there, does a business look at buying calls or other tools on dips?

[nw9flynn]

cottonpicker,
I think this may be the first prediction you are correct on.

[cottonpicken]

Charlie,slight misinterpretation.

The us dollar is going to .805 on its index.This is its old low and once it crosses it it will have a major drop.

The cando is headed to par.

It would almost be impossible to have a week cando and strong commodity market.We can take solice in the fact that our purchasing power will be greater.

I'll take a strong dollar strong grain price over weak dollar weak grain price anyday.

Nw9 care to share your thoughts?

[nw9flynn]

I agree that we have a appreciating dollar into summer. Todays value will seem cheap soon enough. I'm predicting .93 to .95 cents. I think the most interesting story will be the gold price. We will take out $700 at the beginning of next week before it settles down. $800 by July.