# Wheat prices drop over one percent in American trade

> Wheat futures fell over 1% as the dollar index rose to 101.49. US private payrolls rose 216,000 in November, above expectations, and personal income beat forecasts. USDA expects US wheat area to fall 1.7 million acres to 48.5 million and production to drop to 1.94 billion bushels, the lowest in 11 years.

- Date: 2016-11-30 · published 2016-11-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10694-wheat-prices-drop-over-one-percent-in-american-trade
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US wheat less competitive in export markets and pressured prices. The USDA's forecast of smaller US wheat output is supportive for prices over the medium term.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-01-08 | [Wheat in focus as fierce competition, oversupply weigh on prices – Dailynewsegypt](https://feedsoft.ai/events/66932-wheat-in-focus-as-fierce-competition-oversupply-weigh-on-prices-dailynewsegypt.md) | -0.4% | +3.1% |
| WHEAT | 2019-10-08 | [The increase in wheat prices reduces demand](https://feedsoft.ai/events/5902-the-increase-in-wheat-prices-reduces-demand.md) | +4.5% | +2.1% |
| WHEAT | 2025-03-27 | [Wheat prices drop despite tighter ending stocks \| The Western Producer](https://feedsoft.ai/events/25627-wheat-prices-drop-despite-tighter-ending-stocks-the-western-producer.md) | -1.4% | +1.9% |
| WHEAT | 2022-12-12 | [Wheat prices fall despite a downgrade in the USDA’s global production forecast](https://feedsoft.ai/events/5522-wheat-prices-fall-despite-a-downgrade-in-the-usda-s-global-production-forecast.md) | +10.5% | +5.6% |
| WHEAT | 2018-01-12 | [WADSE wallops wheat prices](https://feedsoft.ai/events/66934-wadse-wallops-wheat-prices.md) | -0.2% | +5.8% |
| DXY | 2020-09-03 | [What Explains The Sudden Drop In Oil Prices? \| OilPrice.com](https://feedsoft.ai/events/10229-what-explains-the-sudden-drop-in-oil-prices-oilprice-com.md) | -0.1% | +0.6% |
| DXY | 2019-04-26 | [Size of Russian wheat crop takes toll on market - Farmers Weekly](https://feedsoft.ai/events/10961-size-of-russian-wheat-crop-takes-toll-on-market-farmers-weekly.md) | -0.2% | +0.4% |
| DXY | 2019-10-31 | [The Loonie falls after stronger numbers than expected in the American economy. - OFX (US)](https://feedsoft.ai/events/56800-the-loonie-falls-after-stronger-numbers-than-expected-in-the-american-economy.md) | -0.1% | +0.8% |

## Sources

- economies.com: https://www.economies.com/commodities/wheat-news/wheat-prices-drop-over-one-percent-in-american-trade-18461

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