Posted 9/22/2022 17:30 (#9856364) Subject: Does it matter how high the dollar gets?
The dollar is hitting new 20-year highs what seems like every day. On the surface, a high U.S. dollar is negative for the markets. But, in reality, people may be buying more grain short term if they believe the dollar is only going to keep going higher for the next year and not come back down anytime soon. In attempts to combat even higher prices in the future. Nonetheless, one could argue either side.
An interesting fact; According to Wright On The Markets: In 1979 when inflation was at 13.9%, the U.S. set a record for exports. That record stood until 2007, and has only been surpassed by the following years 2007, 2017, 2020, and 2021.