Strong dollar only part of trade picture, ag reps say

From the Capital Press

The high value of the U.S. dollar in relationship to foreign currencies is affecting U.S. commodities on the global market, but industry representatives say it’s only part of the export puzzle.

The impact of a strong dollar is “huge,” said Ken Ballard, relationship manager with Northwest Farm Credit Services in Pasco, Wash.

When the dollar is up and foreign currencies are down, U.S. products are more expensive for buyers overseas. Commodities from competing countries with depressed markets are able to deliver at a price advantage to the United States, Ballard said. Read the rest of the story here.