Analysis

Currency shift impacts wheat

By Malcolm Bartholomaeus
Updated March 1 2021 - 1:38pm, first published 12:17pm
Currency shift impacts wheat
Currency shift impacts wheat

The currency played a big part in the Australian dollar value of wheat prices last week. The week started with the dollar already elevated, and it moved, briefly, above 80 US cents in intra-day trading mid-week. Then the Australian dollar fell sharply particularly on Friday night last week, when an equally sharp rally in the US dollar pushed futures prices down, but allowed the A$ value of futures to remain close to unchanged.

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