Cheap dollar depresses EU wheat trade

The low dollar exchange rate continues to dominate the global wheat market for the time being. US wheat gains global competitiveness Because wheat is priced in dollars, American exporters benefit directly: their grain becomes appealing to buyers in North Africa, the Middle East, and Asia. The result is visible; American wheat exports are 23% larger this season than a year earlier. Market participants anticipate a further increase in American exports. [caption id="attachment_8107