# Corn and soybean elevator outlook: Strong dollar and policy uncertainty cloud outlook for demand | CoBank | Cooperative. Connected. Committed.

> CoBank reports the US harvested the second-largest corn and soybean crops on record this fall, with corn at 15.14 billion bushels and soybeans at 4.46 billion. Feed demand remains robust, but a strong dollar, potential South American crops and volatile trade policy could cloud export demand.

- Date: 2024-12-05 · published 2024-12-05T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/26945-corn-and-soybean-elevator-outlook-strong-dollar-and-policy-uncertainty-cloud
- Commodities: [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

Ample supplies and steady feed use keep grain and meal prices under pressure, while a strong dollar and trade risk could weigh on export-driven demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-11-06 | [Grain and Biofuels Outlook: Record Fall Harvest Arrives Amidst Trade Uncertainty, Strong Biofuel Demand](https://feedsoft.ai/events/15072-grain-and-biofuels-outlook-record-fall-harvest-arrives-amidst-trade-uncertainty.md) | +0.9% | +2.6% |
| CORN | 2020-08-25 | [Growing demand for corn, soybeans driving up prices \| Feed Strategy](https://feedsoft.ai/events/51666-growing-demand-for-corn-soybeans-driving-up-prices-feed-strategy.md) | +3.0% | +8.9% |
| CORN | 2025-10-06 | [Record U.S. Grain Harvest Collides with Storage Crunch, Weak Soybean Demand, and Trade Uncertainty - AgriBusiness Global](https://feedsoft.ai/events/16909-record-u-s-grain-harvest-collides-with-storage-crunch-weak-soybean-demand-and.md) | -0.1% | +1.7% |
| CORN | 2017-05-10 | [Updated Supply and Demand Expectations for Corn and Soybeans in 2017/18 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/70851-updated-supply-and-demand-expectations-for-corn-and-soybeans-in-2017-18-farm.md) | +0.3% | +2.4% |
| CORN | 2021-02-19 | [Outlook Forecasts Larger Corn, Soybean Crops for 2021](https://feedsoft.ai/events/48482-outlook-forecasts-larger-corn-soybean-crops-for-2021.md) | +0.6% | -5.3% |
| SOY | 2025-11-06 | [Grain and Biofuels Outlook: Record Fall Harvest Arrives Amidst Trade Uncertainty, Strong Biofuel Demand](https://feedsoft.ai/events/15072-grain-and-biofuels-outlook-record-fall-harvest-arrives-amidst-trade-uncertainty.md) | +0.1% | -0.0% |
| SOY | 2026-08-27 | [Record Soybean Crop Forecast Meets Firm Demand Outlook \| CZ app](https://feedsoft.ai/events/10973-record-soybean-crop-forecast-meets-firm-demand-outlook-cz-app.md) | +3.8% | +5.0% |
| SOY | 2021-11-30 | [Falling demand for soybean meal expected in EU — Latifundist.com](https://feedsoft.ai/events/12233-falling-demand-for-soybean-meal-expected-in-eu-latifundist-com.md) | +1.6% | +9.5% |

## Sources

- cobank.com: https://www.cobank.com/knowledge-exchange/corn-and-soybean-elevator-outlook-strong-dollar-and-policy-uncertainty-cloud-outlook-for-demand

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