Friday September 23, 2022

  • Lower across the board as the U.S. dollar forges new 20 year highs, conversely the Canadian dollar has dropped to its lowest price since July 2020, sub $0.74 this morning, supporting elevator basis levels as we come into harvest 
  • The rising U.S. dollar is pricing U.S. commodities out of the market, contributing to the overall lower tone on the market this morning 
  • International Grains Council updated their 2022/23 world wheat production estimate to 792 MMT due to an increase in Russian production