Thursday, November 29, 2007

Declining dollar benefits US farmers

News from Memphis:
The declining dollar has sparked such a buying binge of U.S. farm commodities, exporters are struggling to find room on steamships and enough containers to carry all the wheat, soybeans and cotton. ...

In 18 months, the price of getting commodities from inland markets -- like Memphis -- to markets overseas has doubled and is forcing traditional local exports -- cotton, lumber and paper -- to compete for containers being gobbled up by grain.

1 comment:

  1. I have often wondered why articles such as this never get picked up by the mainstream media and newswires. A weak dollar is not a bad thing for America as it makes our goods and services more enticing to the rest of the world. Perhaps the liberal-biased media is afraid of reporting good news? shocker!