# Corn, soybeans futures decline on US weather, dollar strength - Markets - Business Recorder

> Chicago July corn settled at $4.17 1/2 after touching a life-of-contract low, and July soybeans fell to a four-month low. Wheat also hit an eight-week low as a stronger dollar and falling equities added pressure. Forecasts for above-normal rain across the Corn Belt improved production prospects.

- Date: 2026-06-07 · published 2026-06-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10646-corn-soybeans-futures-decline-on-us-weather-dollar-strength-markets-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Favorable Corn Belt rainfall lifts yield expectations, and a firmer dollar makes U.S. grain less competitive abroad, both of which weigh on export demand and futures prices.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2026-06-05 | 5 | -5.5% | -3.4 | Corn hit a contract low on a stronger dollar and above-normal Corn Belt rain forecasts. |
| SOY | 2026-06-04 | 5 | -5.5% | -2.9 | Dollar strength and improved Corn Belt rain forecasts lowered production risk premium, with soybeans at four-month lows. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-10 | [US corn and soybean futures decline - Markets - Business Recorder](https://feedsoft.ai/events/12610-us-corn-and-soybean-futures-decline-markets-business-recorder.md) | +1.7% | -6.0% |
| CORN | 2024-09-26 | [Soybeans rise for fourth session on Brazilian weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28339-soybeans-rise-for-fourth-session-on-brazilian-weather-woes-markets-business.md) | +2.5% | +0.4% |
| CORN | 2025-07-31 | [Wheat down 1-3 cents, corn down 1-2, soybeans down 1-2 - Markets - Business Recorder](https://feedsoft.ai/events/23790-wheat-down-1-3-cents-corn-down-1-2-soybeans-down-1-2-markets-business-recorder.md) | -2.0% | -1.7% |
| CORN | 2021-01-20 | [Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder](https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets.md) | +3.1% | +2.1% |
| CORN | 2022-01-19 | [Chicago soybean futures fell for a third straight session - Markets - Business Recorder](https://feedsoft.ai/events/10895-chicago-soybean-futures-fell-for-a-third-straight-session-markets-business.md) | +2.1% | +6.9% |
| SOY | 2021-08-10 | [US corn and soybean futures decline - Markets - Business Recorder](https://feedsoft.ai/events/12610-us-corn-and-soybean-futures-decline-markets-business-recorder.md) | -4.0% | -11.5% |
| SOY | 2025-07-31 | [Wheat down 1-3 cents, corn down 1-2, soybeans down 1-2 - Markets - Business Recorder](https://feedsoft.ai/events/23790-wheat-down-1-3-cents-corn-down-1-2-soybeans-down-1-2-markets-business-recorder.md) | -0.6% | +6.1% |
| SOY | 2021-01-12 | [CBOT soyabean futures fall on better rains - Markets - Business Recorder](https://feedsoft.ai/events/9542-cbot-soyabean-futures-fall-on-better-rains-markets-business-recorder.md) | +0.8% | +2.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40424314

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