Where's support for the $CAD

[beaverdam]

Hope everybody's grain prices are going up,,, because the CAD is dropping hard, currently 0.7022

Not only are your stocks dropping, the purchasing power of the remain value, is dropping.

Where will we find support?

[malleefarmer]

Not sure of timeline but suggest November 19 our dollar was 70 cents currently 59 sadly keeping fuel up but goo for exporters can’t have it both ways

[bucket]

Mallee

Fuel made at the Co-op refineries 75 miles from the farm is made with Canadian lower grade oil a fraction of Brent crude.....no reason to have fuel prices rise in Canada because of the dollar...there is no Saudi Oil making its way to buttphuck Saskatchewan...

If you are importing fuel that is a different story...

Fertilizer has zero reason to go up in canada either considering it is exported...

But both products make an imaginary trip to NOLA for gouging purposes...

[farming101]

farming101
Mar 8, 2020 | 22:09 9
Quote Originally Posted by Oliver88 View Post
Will CDN $ drop a full penny tomorrow?
Forex is down over a penny now.

Support at .733, .720, .7023, .6981
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Oliver88

.7023 just fell so .6981 next
Actually depending on the feed 7023 is still on

[SASKFARMER]

.63.2 will be the new normal for the dollar. The world has no faith in canada or our non oil peace and love country.

[Austrian Economics]

50 cents. But that's short term. Long term it goes to zero. All fiat currencies eventually fail. Since all currencies today are merely derivatives of the U.S. dollar, the peripheral ones will fail first. Trudeau the Younger will see to it that we become a peripheral currency.

If a collapsing currency could make us prosperous, Zimbabwe would be the richest country on the face of the earth.

[redleaf]

50 cents. But that's short term. Long term it goes to zero. All fiat currencies eventually fail. Since all currencies today are merely derivatives of the U.S. dollar, the peripheral ones will fail first. Trudeau the Younger will see to it that we become a peripheral currency.

If a collapsing currency could make us prosperous, Zimbabwe would be the richest country on the face of the earth.

Interesting comparison AE. I have often thought there should be no one in Zimbabwe who hasn’t headed into the bank with a wheel barrow full of paper and paid off all their loans.

[Oliver88]

CDN $ getting pounded will oil dropping .692

[farming101]

CDN $ getting pounded will oil dropping .692

Jan 20, 2016 low of .6809 next support

[beaverdam]

Well farming101, it's through 0.6981, currently at 0.6908, now where do we go.
Are we going back to 0.6200 where we hit during the last sell-off.
Image all the money Soros is making !

[farming101]

Well farming101, it's through 0.6981, currently at 0.6908, now where do we go.
Are we going back to 0.6200 where we hit during the last sell-off.
Image all the money Soros is making !

This move which has been ongoing since the Sept 8/17 high of .8289 indicates a low of about either side of .66. If that falls it initiates the resumption of a very old pattern which would include the low you mentioned. With the passing of time the low off that pattern is now in the .56 range

[beaverdam]

This move which has been ongoing since the Sept 8/17 high of .8289 indicates a low of about either side of .66. If that falls it initiates the resumption of a very old pattern which would include the low you mentioned. With the passing of time the low off that pattern is now in the .56 range

Yep !