Atten Babler Corn & Soybeans FX Indexes – Apr…
Corn FX Indices:
U.S. dollar (USD) strength continued within the Atten Babler Commodities Corn Foreign Exchange (FX) Indexes during Mar ’15. The USD/Corn Exporter FX Index, USD/Corn Importer FX Index and USD/Domestic Corn Importer FX Index all increased to new record high values.
USD/Corn Exporter FX Index:
The USD/Corn Exporter FX Index increased 1.0 points in Mar ’15 to a new high value of 263.3. The USD/Corn Exporter FX Index has increased 83.8 points since the beginning of 2014 and 47.2 points throughout the past six months. A strengthening USD/Corn Exporter FX Index reduces the competitiveness of U.S. corn relative to other exporting regions, ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Ukrainian hryvnia has accounted for the majority of the gains since the beginning of 2014.
USD/Corn Importer FX Index:
The USD/Corn Importer FX Index increased 3.4 points in Mar ’15 to a new high value of 223.4. The USD/Corn Importer FX Index has increased 24.4 points since the beginning of 2014 and 16.5 points throughout the past six months. A strengthening USD/Corn Importer FX Index results in less purchasing power for major corn importing countries, making U.S. corn more expensive to import. USD appreciation against the Iranian rial, euro and Mexican peso has accounted for the majority of the gains since the beginning of 2014.
USD/Domestic Corn Importer FX Index:
The USD/Domestic Corn Importer FX Index increased 2.2 points in Mar ’15 to a new high value of 148.0. The USD/Domestic Corn Importer FX Index has increased 15.8 points since the beginning of 2014 and 13.7 points throughout the past six months. A strengthening USD/Domestic Corn Importer FX Index results in less purchasing power for the traditional buyers of U.S. corn, ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Mexican peso and Japanese yen has accounted for the majority of the gains since the beginning of 2014.
Soybeans FX Indices:
U.S. dollar (USD) strength continued within the Atten Babler Commodities Soybeans Foreign Exchange (FX) Indexes during Mar ’15. The USD/Soybeans Exporter FX Index reached a new record high value while the USD/Soybeans Importer FX Index and USD/Domestic Soybeans Importer FX Index reached seven and a half years.
USD/Soybeans Exporter FX Index:
The USD/Soybeans Exporter FX Index increased 8.5 points in Mar ’15 to a new high value of 190.0. The USD/Soybeans Exporter FX Index has increased 37.7 points since the beginning of 2014 and 23.2 points throughout the past six months. A strengthening USD/Soybeans Exporter FX Index reduces the competitiveness of U.S. soybeans relative to other exporting regions, ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Argentine peso and Brazilian real has accounted for the majority of the gains since the beginning of 2014.
USD/Soybeans Importer FX Index:
The USD/Soybeans Importer FX Index increased 0.8 points in Mar ’15 to a value of 96.2, a seven and a half year high. The USD/Soybeans Importer FX Index has increased 7.8 points since the beginning of 2014 and 6.0 points throughout the past six months. A strengthening USD/Soybeans Importer FX Index results in less purchasing power for major soybeans importing countries, making U.S. soybeans more expensive to import. USD appreciation against the euro and Russian ruble has accounted for the majority of the gains since the beginning of 2014.
USD/Domestic Soybeans Importer FX Index:
The USD/Domestic Soybeans Importer FX Index increased 0.8 points in Mar ’15 to a value of 98.7, a seven and a half year high. The USD/Domestic Soybeans Importer FX Index has increased 7.3 points since the beginning of 2014 and 5.9 points throughout the past six months. A strengthening USD/Domestic Soybeans Importer FX Index results in less purchasing power for the traditional buyers of U.S. soybeans, ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Mexican peso, Russian ruble and Turkish lira has accounted for the majority of the gains since the beginning of 2014.
USD/Corn Importer FX Index:
The USD/Corn Importer FX Index increased 3.4 points in Mar ’15 to a new high value of 223.4. The USD/Corn Importer FX Index has increased 24.4 points since the beginning of 2014 and 16.5 points throughout the past six months. A strengthening USD/Corn Importer FX Index results in less purchasing power for major corn importing countries, making U.S. corn more expensive to import. USD appreciation against the Iranian rial, euro and Mexican peso has accounted for the majority of the gains since the beginning of 2014.
USD/Domestic Corn Importer FX Index:
The USD/Domestic Corn Importer FX Index increased 2.2 points in Mar ’15 to a new high value of 148.0. The USD/Domestic Corn Importer FX Index has increased 15.8 points since the beginning of 2014 and 13.7 points throughout the past six months. A strengthening USD/Domestic Corn Importer FX Index results in less purchasing power for the traditional buyers of U.S. corn, ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Mexican peso and Japanese yen has accounted for the majority of the gains since the beginning of 2014.
Soybeans FX Indices:
U.S. dollar (USD) strength continued within the Atten Babler Commodities Soybeans Foreign Exchange (FX) Indexes during Mar ’15. The USD/Soybeans Exporter FX Index reached a new record high value while the USD/Soybeans Importer FX Index and USD/Domestic Soybeans Importer FX Index reached seven and a half years.
USD/Soybeans Exporter FX Index:
The USD/Soybeans Exporter FX Index increased 8.5 points in Mar ’15 to a new high value of 190.0. The USD/Soybeans Exporter FX Index has increased 37.7 points since the beginning of 2014 and 23.2 points throughout the past six months. A strengthening USD/Soybeans Exporter FX Index reduces the competitiveness of U.S. soybeans relative to other exporting regions, ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Argentine peso and Brazilian real has accounted for the majority of the gains since the beginning of 2014.
USD/Soybeans Importer FX Index:
The USD/Soybeans Importer FX Index increased 0.8 points in Mar ’15 to a value of 96.2, a seven and a half year high. The USD/Soybeans Importer FX Index has increased 7.8 points since the beginning of 2014 and 6.0 points throughout the past six months. A strengthening USD/Soybeans Importer FX Index results in less purchasing power for major soybeans importing countries, making U.S. soybeans more expensive to import. USD appreciation against the euro and Russian ruble has accounted for the majority of the gains since the beginning of 2014.
USD/Domestic Soybeans Importer FX Index:
The USD/Domestic Soybeans Importer FX Index increased 0.8 points in Mar ’15 to a value of 98.7, a seven and a half year high. The USD/Domestic Soybeans Importer FX Index has increased 7.3 points since the beginning of 2014 and 5.9 points throughout the past six months. A strengthening USD/Domestic Soybeans Importer FX Index results in less purchasing power for the traditional buyers of U.S. soybeans, ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Mexican peso, Russian ruble and Turkish lira has accounted for the majority of the gains since the beginning of 2014.