Exchange Rate

[220 maple]

Has the Exchange rate changed since 11-8-16? If it does change what will happen to the bulk syrup price? What if the Canadian and American rate was the same?
Just Curious

Mark 220 Maple

[markcasper]

Has the Exchange rate changed since 11-8-16? If it does change what will happen to the bulk syrup price? What if the Canadian and American rate was the same?
Just Curious

Mark 220 Maple

It hasn't changed much, it was $1.33 then and $1.32 yesterday, but this chart only goes through 2016. https://ycharts.com/indicators/canadian_dollar_exchange_rate

If it was the same, then the US bulk price paid would be higher. The packers wouldn't pay more here than they can get it out of Canada minus the exchange rate. The news said yesterday that the 2016 year was at a 17 year high (US $$$) in the difference. Why crude oil and petro are going up while every other commodity is getting hammered has me wondering what in heck is really going on?