# Soybean futures back off one-week high as dollar regains footing

> Soybean futures fell nearly 1% to their lowest since early March as the US dollar index recovered from its February 20 lows. The move followed US data showing stronger-than-expected February job gains and a wider January trade deficit. Weekly USDA inspections showed soybean shipments above the prior week and year-ago levels.

- Date: 2018-03-07 · published 2018-03-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10887-soybean-futures-back-off-one-week-high-as-dollar-regains-footing
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes US soybeans more expensive for overseas buyers and pressures futures. Feed buyers may see slightly lower soybean meal costs unless export demand picks up.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼

## Sources

- economies.com: https://www.economies.com/commodities/soybeans-news/soybean-futures-back-off-one-week-high-as-dollar-regains-footing-22175

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