# Weak Canadian Dollar Good for Ag Exports but Bad for Ag Inputs - Genesis Fertilizers

> Genesis Fertilizers notes the Canadian dollar kept weakening against the USD at the end of October, which raises the value of Canadian farm exports but increases the cost of imported fertilizer and equipment. The report also notes the St. Lawrence Seaway strike has been resolved and cargo is moving again, and summarizes the India urea tender settled at 1.7 million tonnes.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33478-weak-canadian-dollar-good-for-ag-exports-but-bad-for-ag-inputs-genesis
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A weaker loonie lifts the local-currency cost of imported fertilizer for Canadian buyers, while the end of the Seaway strike restores grain and input logistics.

## Read by commodity

- UREA: neutral
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-04-14 | [Fertilizer Supply Chains Hold Steady, But No Guarantees - AgriBusiness Global](https://feedsoft.ai/events/53565-fertilizer-supply-chains-hold-steady-but-no-guarantees-agribusiness-global.md) | -0.3% | -20.2% |
| UREA | 2023-02-16 | [Softening fertilizer prices "a bit of a gift" - Brownfield Ag News](https://feedsoft.ai/events/37644-softening-fertilizer-prices-a-bit-of-a-gift-brownfield-ag-news.md) | +0.1% | -3.1% |
| UREA | 2020-04-16 | [Covid-19 and fertilizers: Five things you need to know - CRU Group](https://feedsoft.ai/events/53560-covid-19-and-fertilizers-five-things-you-need-to-know-cru-group.md) | -0.3% | -21.2% |
| UREA | 2023-04-04 | [The Russia-Ukraine War’s Impact on Fertilizer Prices in 2022](https://feedsoft.ai/events/36330-the-russia-ukraine-war-s-impact-on-fertilizer-prices-in-2022.md) | +12.8% | +20.8% |
| UREA | 2022-12-08 | [Fertiliser Market Update  — Bartholomews](https://feedsoft.ai/events/38531-fertiliser-market-update-bartholomews.md) | -3.6% | -11.4% |

## Sources

- genesisfertilizers.com: https://genesisfertilizers.com/2023/11/01/weak-canadian-dollar-good-for-ag-exports-but-bad-for-ag-inputs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.