Dollar Key To Ag Marketing
Of all the factors that affect crop and livestock prices, the value of the Canadian dollar will be the one to watch in 2010. Ontario-based market analysts Moe Agostino and Philip Shaw stressed the importance of the stronger Canadian dollar in their presentations at the Western Fair Farm Show in London.
Agostino, marketing commodity strategist for Farms.com Risk Management, is cautiously optimistic about the livestock markets in the months ahead. The one main negative factor in his outlook is the projection for the Canadian dollar to trade at or above par with the U.S. greenback.