# Soybeans retreat from 8-1/2-year high as dollar holds gains | Financial Post

> U.S. soybean futures fell about 1% on May 13, 2021, retreating from an eight-and-a-half-year high as the dollar strengthened. The USDA projected 2021/22 U.S. soybean ending stocks at 140 million bushels and corn ending stocks at 1.507 billion bushels. Brazil's 2020/21 corn crop estimates were also lowered.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/12368-soybeans-retreat-from-8-1-2-year-high-as-dollar-holds-gains-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes U.S. soybeans and corn more expensive for foreign buyers, which weighs on export demand and futures. Tight global supplies still limit the downside for feed grains and soymeal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | -4.1% | -3.3% |
| SOY | 2016-11-24 | [U.S. dollar hasn’t been this high in 14 years and it’s clobbering just about everybody else - Financial Post](https://feedsoft.ai/events/74020-u-s-dollar-hasn-t-been-this-high-in-14-years-and-it-s-clobbering-just-about.md) | -0.4% | -3.8% |
| SOY | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | +0.5% | +4.2% |
| SOY | 2022-04-21 | [China's yuan slides to 6-month low as tightening prospects help dollar \| Financial Post](https://feedsoft.ai/events/7337-china-s-yuan-slides-to-6-month-low-as-tightening-prospects-help-dollar.md) | -1.2% | -4.8% |
| SOY | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -8.8% | -1.3% |
| CORN | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | +0.3% | -1.7% |
| CORN | 2021-09-23 | [Gold prices ease as dollar firms on Fed rate hike comments \| Financial Post](https://feedsoft.ai/events/44965-gold-prices-ease-as-dollar-firms-on-fed-rate-hike-comments-financial-post.md) | +1.3% | +2.0% |
| CORN | 2016-11-24 | [U.S. dollar hasn’t been this high in 14 years and it’s clobbering just about everybody else - Financial Post](https://feedsoft.ai/events/74020-u-s-dollar-hasn-t-been-this-high-in-14-years-and-it-s-clobbering-just-about.md) | -4.6% | -1.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-retreat-from-8-1-2-year-high-as-dollar-holds-gains

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