A report by ag lender Cobank says a projected weaker dollar in 2021 might benefit meat and dairy exports because of stronger currencies in Australia, Europe and New Zealand.
But Cobank ag economist Tanner Ehmke said grain exports might not receive the same support from exchange rates.
“If you look at the currencies of our major competitors, we’re talking about Brazil, we’re talking about Argentina, and then if you go to the Black Sea region… we’re talking about Russia and Ukraine, they’re big competitors with wheat, all those currencies have been much weaker,” he said.
