> Actually, a lower dollar means we export more, making our corn & soybeans look like a good buy to other countries.
Exactly. Commodities have been going up because of dollar devaluation specifically the "quantitative easing" measure that we've been hearing about. No matter what the dollar is worth, commodities have a real value that does not change with currency values. The only exception to this is speculation driving the price creating an artificial bubble. So either we're in an across-the-board commodity bubble, or the federal reserve bank finally managed to devalue the dollar a bit (which is their goal right now). If commodity prices hold close to what they're at now for an extended period, the fed's move will be a success. If they drop back down to early 2010 prices, it will be a failure. I think it's mostly depends on if other countries attempt to devalue their own currencies to follow suit.
See this chart for a good idea of what's happened with commodities so far this year.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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