The U.S. Dollar. The Brazilian Deal. The Chinese Yuan.
The U.S. Dollar is often referred to in commodity trading, but why? What impact does it have on major commodities?
About 65% – 75% of all price settlements and merchandise trade invoices have been settled in U.S. dollars, according to Mike Zuzolo of Global Commodity Analytics.
Plus, farmers get caught up in day-to-day operations, but it’s often headlines off the farm, and even off the continent, that impact your risk management plan.
Today on Grain IQ, Mike Zuzolo of Global Commodity Analytics breaks down currency and why it matters.
Grain IQ is a production of the Nebraska Rural Radio Association, in cooperation and with support from the Nebraska Soybean Board.
