# U.S. grains: Soy, corn drop on Brexit fallout - Grainews

> Chicago corn and soybean futures fell on Friday in a broad commodity sell-off after Britain voted to leave the European Union. Investors moved out of risky assets, and the dollar and gold rallied. The front-month Kansas City hard red winter wheat contract fell to a 10-year low.

- Date: 2016-06-24 · published 2016-06-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11728-u-s-grains-soy-corn-drop-on-brexit-fallout-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US-denominated grains more expensive for importers, which pressures futures and feed prices. Risk-off positioning added to selling that was already driven by rain relief for US crops.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-21 | [U.S. grains: Wheat, soy, corn fall sharply on fund selling - Grainews](https://feedsoft.ai/events/11765-u-s-grains-wheat-soy-corn-fall-sharply-on-fund-selling-grainews.md) | -2.4% | +3.4% |
| CORN | 2017-05-18 | [U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada](https://feedsoft.ai/events/7583-u-s-grains-soybeans-fall-as-brazilian-currency-dives-agcanada.md) | +0.7% | +1.3% |
| CORN | 2017-10-27 | [U.S. grains: Wheat futures sink as dollar rallies - Grainews](https://feedsoft.ai/events/68496-u-s-grains-wheat-futures-sink-as-dollar-rallies-grainews.md) | -0.2% | -5.4% |
| CORN | 2020-03-06 | [U.S. grains: Corn, soy, wheat slide with financial markets - Manitoba Co-operator](https://feedsoft.ai/events/7989-u-s-grains-corn-soy-wheat-slide-with-financial-markets-manitoba-co-operator.md) | -1.0% | -2.3% |
| CORN | 2024-01-01 | [Feed Grain weekly outlook: Corn, barley on level ground](https://feedsoft.ai/events/32773-feed-grain-weekly-outlook-corn-barley-on-level-ground.md) | -2.0% | -3.6% |
| SOY | 2020-09-21 | [U.S. grains: Wheat, soy, corn fall sharply on fund selling - Grainews](https://feedsoft.ai/events/11765-u-s-grains-wheat-soy-corn-fall-sharply-on-fund-selling-grainews.md) | -3.9% | +0.6% |
| SOY | 2017-05-18 | [U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada](https://feedsoft.ai/events/7583-u-s-grains-soybeans-fall-as-brazilian-currency-dives-agcanada.md) | -2.8% | -4.2% |
| SOY | 2020-03-06 | [U.S. grains: Corn, soy, wheat slide with financial markets - Manitoba Co-operator](https://feedsoft.ai/events/7989-u-s-grains-corn-soy-wheat-slide-with-financial-markets-manitoba-co-operator.md) | -3.8% | -3.4% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soy-corn-drop-on-brexit-fallout/

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