# Strong dollar remains anchor on prices

> Grain futures were mixed in early trade, with soybeans seeing more fund liquidation while corn and wheat were steady to slightly higher. A stronger US dollar weighed on outside markets, and traders awaited Egyptian tender responses on ergot standards.

- Date: 2016-08-31 · published 2016-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/12399-strong-dollar-remains-anchor-on-prices
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar makes US grain more expensive for foreign buyers, which pressures export demand and prices. Fund selling in soybeans adds short-term downside.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | [British Pound edges higher, US Dollar remains strong](https://feedsoft.ai/events/42088-british-pound-edges-higher-us-dollar-remains-strong.md) | +0.1% | -0.4% |
| DXY | 2022-08-29 | [Baht weakens over stronger dollar, falling gold prices](https://feedsoft.ai/events/40309-baht-weakens-over-stronger-dollar-falling-gold-prices.md) | +0.6% | +4.4% |
| DXY | 2023-05-18 | [Oil prices settle down 1%; strong US data boosts dollar \| Reuters](https://feedsoft.ai/events/36137-oil-prices-settle-down-1-strong-us-data-boosts-dollar-reuters.md) | +0.7% | -0.9% |
| DXY | 2022-08-22 | [Commodity prices down on rising dollar demand](https://feedsoft.ai/events/39941-commodity-prices-down-on-rising-dollar-demand.md) | +0.0% | +1.6% |
| DXY | 2017-11-16 | [Rupee surrenders gains on strong dollar demand; down 11 paise](https://feedsoft.ai/events/68263-rupee-surrenders-gains-on-strong-dollar-demand-down-11-paise.md) | -0.8% | -0.4% |
| SOY | 2019-04-25 | [Strong dollar punishes grain prices](https://feedsoft.ai/events/7595-strong-dollar-punishes-grain-prices.md) | -1.8% | -3.1% |
| SOY | 2022-04-01 | [Strong Dollar's Impact on Grain Exports](https://feedsoft.ai/events/42202-strong-dollar-s-impact-on-grain-exports.md) | +1.7% | +5.6% |
| SOY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | +1.4% | +5.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/strong-dollar-remains-anchor-on-prices

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