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#292 | Phil Luce; Commodities, Basis Trading, Grain Elevators

The Vance Crowe Podcast

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The Dollar Is Not Purchasing as Much as It Used to Be

A strong dollar means if you wanted to buy dollars, you have to point it up way more pesos or way more euros in order to get dollars. So that puts us on a little bit of tough footing export wise. A strong dollar makes our grain more expensive to other countries which puts us at a disadvantage with South America and others. And it's just more expensive to run a business for our customers, just like it is for everyone else.

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