# Stong start for wheat following the long holiday weekend - Brownfield Ag News

> On December 26, 2023, soybeans rose on stronger soybean meal, with traders watching Brazil's uneven rainfall forecasts. Corn gained on reopened Mexico rail lines and steady export inspections. Wheat rose as a softer US dollar and multi-year low prices improved US competitiveness, while Black Sea developments were also watched.

- Date: 2023-12-26 · published 2023-12-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/11287-stong-start-for-wheat-following-the-long-holiday-weekend-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and low prices support US wheat export demand. Brazil's soybean and corn crop uncertainty and renewed Mexico rail flows provide modest price support.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-12-25 | 1 | +2.8% | 3.2 | Corn gained on reopened Mexico rail lines restoring export flows plus steady export inspections, supporting demand after the earlier selloff. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-06-29 | [WHEAT SCOOPS: $11 wheat, why and how long? – The Seam](https://feedsoft.ai/events/40982-wheat-scoops-11-wheat-why-and-how-long-the-seam.md) | -8.7% | -16.2% |
| WHEAT | 2016-06-03 | [Wheat prices surge over one percent before the weekend](https://feedsoft.ai/events/9127-wheat-prices-surge-over-one-percent-before-the-weekend.md) | +4.2% | -3.7% |
| WHEAT | 2021-04-01 | [Are We Witnessing the Start of a New Commodities Supercycle?](https://feedsoft.ai/events/48022-are-we-witnessing-the-start-of-a-new-commodities-supercycle.md) | +0.2% | +4.6% |
| WHEAT | 2018-05-16 | [Corn Hands the Baton to Wheat](https://feedsoft.ai/events/10238-corn-hands-the-baton-to-wheat.md) | +4.0% | +3.6% |
| WHEAT | 2016-11-04 | [Farming News - Wheat Market Report: High Court ruling affects futures](https://feedsoft.ai/events/73888-farming-news-wheat-market-report-high-court-ruling-affects-futures.md) | +0.1% | +0.4% |
| CORN | 2018-04-27 | [Rising crude prices supportive to corn market - Brownfield Ag News](https://feedsoft.ai/events/65539-rising-crude-prices-supportive-to-corn-market-brownfield-ag-news.md) | +2.1% | +4.1% |
| CORN | 2026-10-29 | [CoBank: value-added chicken products driving growth in U.S. poultry industry - Brownfield Ag News](https://feedsoft.ai/events/2143-cobank-value-added-chicken-products-driving-growth-in-u-s-poultry-industry.md) | -1.5% | — |
| CORN | 2021-04-01 | [Are We Witnessing the Start of a New Commodities Supercycle?](https://feedsoft.ai/events/48022-are-we-witnessing-the-start-of-a-new-commodities-supercycle.md) | +0.1% | +17.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/stong-start-for-wheat-following-the-long-holiday-weekend/

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