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.

Get the latest WA news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.