Loonie Breaks Under 62 cents - Impact

[charliep]

Just a note that the loonie broke under 62 cents US last night, an all time low. If you are following the oilseed complex, soymeal has also been moving higher (good demand/Argentinian desire to hold something valued in US dollars versus converting to their/watching value depreciate). US soybean oil has been sliding lower reflected the increased incentive to crush soybeans for meal and the fact the extra soybean oil produced as a result of this is struggling to find a home.

Very interesting times. Comments.

[TOM4CWB]

Charlie,

Maybe we can get $8.00 CWRS and $10.00 Durum yet?

This is what the Aussies did to overcome subsidies and come out of recession!

How long till the US figures out that their subsidies can be canceled out by depreciating currency?

Can they really (the US) expect anything else to happen?