The common currency has fallen sharply since the start of the Russian attack on Ukraine. The conflict is affecting the European economy far more than other economies. Only recently did the federal government have to correct its growth forecast downwards. In addition, an end to loose monetary policy in the USA will make investments based on US dollars more interesting. Due to the overall tense situation on the grain markets, the exchange rate currently only plays a minor role.
Source
VR AgrarBeratung AG