The senior market advisor for Total Farm Marketing says farmers should expect low short-term grain prices but the long-term outlook could trend upward.
Naomi Blohm tells Brownfield an expected near record crop is negatively impacting grain prices but there is a silver lining…
“The value of the U.S. dollar, which has been inching lower for about the past four months,” she said.
Blohm said exports from the U.S. become cheaper for other countries because of exchange rates as the dollar loses value, which leads to increased trade.
She said if the dollar continues to trend downward it could be beneficial as the U.S.