The U.S. dollar has made an about-face in recent years and is gaining strength. Oftentimes, stronger is better. For your farmer customers, though, a robust dollar can be a drag on export sales and eventually their farm income. "A more costly U.S. dollar makes U.S. commodities more costly on the export market," says David Widmar, ag economist at Purdue University. "Given the current market situation with building inventories, a slowdown in export activity will be seen as bearish market news. Another key factor will be how the U.S. dollar holds up to currencies of other major exporters."
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