Posted 9/23/2014 12:40 (#4089482 - in reply to #4089344) Subject: RE: Maybe some good news for Canadian basis levels
Formerly NE North Dakota, now NW MN
True, grain revenue is obviously bigger on a P and L than fert. But down here, I've sort of gotten the feeling (backed by no rigorous analysis whatsoever) that fertilizer is quite a bit more sensitive to fx than grain.
Perhaps the loonie has an outsized effect on grain compared to the greenback?
Maybe some good news for Canadian basis levels
