U.S. dollar

There is optimism surrounding a recent drop in the strength of the U.S. dollar.

After recording huge numbers in 2021, beef export figures came back to earth in November 2022.  But the news is far from bad, according to U.S. Meat Export Federation President and CEO Dan Halstrom.  He noted while beef exports were down year-over-year in November, several markets set new yearly value records in just 11 months.   “Korea, Ch...

A newly published report from Oregon State University shows producers are slowly recovering from the pandemic.  OSU Professor of Applied Economics Jeff Reimer said the last, nearly three years, were tough for Oregon food and beverage exporters who rely on the ability to build relationships overseas.   “...

The USDA released its new Ag trade forecast Tuesday and the main takeaway, is the revised export number.  USDA chief economist Seth Meyer said analysts were already anticipating an Ag export value decline since 2022 set a new record high for U.S. export...

American beef exports again topped the $1 billion mark in July and posted the fifth-largest volume ever.  Meat Export Federation President and CEO Dan Halstrom said that was made possible by growth in several key markets.  Japan, he noted, was up 8%, China reported a 30% jump, and strong showings in other markets such as the Philippines as well as the Caribbean and Central America are all encourag

According to the U.S. Census Bureau, Idaho tied an export record in 2021 at $1.02 billion. That figure was up 9% year-over-year, and tied 2014, which was a very impress year for American Ag exports. Sean Ellis with the Idaho Farm Bureau Federation said that figure only takes into account products that leave Idaho, so for example, wheat that’s barged down the Snake River to Portland is not includ

Oil prices dropped roughly  2% in Monday's trade, as investors decided become a little more conservative, which not only hurt stock markets but also strengthened the the U.S. dollar, making oil more expensive for holders of other currencies. We ...

Over the past year, the value of the U.S. dollar has weakened substantially, which according to CoBank has made several American Ag products more competitive globally. Tanner Ehmke manager of CoBank’s Knowledge Exchange Division pointed out, not all commodities are affected equally. ...

The value of the U.S. dollar weakened substantially since March 2020 and is expected to experience modest deflation in 2021, making U.S. ag products more competitive globally. However, CoBank reports not all commodities are affected equally given the diversity in global export competition and foreign exchange rates ...

Canada's dollar has declined by as much as 3% recently as investors price a coronavirus-driven global recession into the stock and commodity markets. So far this year, the Canadian dollar has averaged at a value of just over 75 U.S. cents. For much of 20 ...