# CBoT soybeans ease on stronger dollar

> Chicago soybean futures eased on Monday as a stronger dollar and expectations of a large South American harvest weighed on prices. China's removal of export tax rebates on used cooking oil provided some support.

- Date: 2024-11-19 · published 2024-11-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27429-cbot-soybeans-ease-on-stronger-dollar
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and large Brazilian supply expectations pressure US soybean and meal export competitiveness, while the UCO rebate change could curb US biofuel feedstock imports and support soyoil.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/40333179/cbot-soybeans-ease-on-stronger-dollar

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