# Prairie cash wheat: External factors raise bids - AgCanada

> Western Canadian wheat bids rose during the week ended September 22, driven by a 75 basis point Fed hike and a dollar index above 111, along with Putin's partial mobilization announcement. The IGC raised its 2022-23 world wheat production estimate 14 million tonnes to a record 792 million. Canadian spring wheat prices rose $27-32 per tonne.

- Date: 2022-09-24 · published 2022-09-24T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/39635-prairie-cash-wheat-external-factors-raise-bids-agcanada
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A stronger dollar tends to weigh on US export competitiveness, while concerns over the Black Sea deal and a record world crop provide offsetting forces on wheat prices.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-06 | [Thai baht weakness driven by external factors, FinMin says \| Reuters](https://feedsoft.ai/events/40760-thai-baht-weakness-driven-by-external-factors-finmin-says-reuters.md) | +0.7% | -0.5% |
| DXY | 2022-06-18 | [Ringgit slump due to external factors, economists say \| MalaysiaNow](https://feedsoft.ai/events/41232-ringgit-slump-due-to-external-factors-economists-say-malaysianow.md) | -0.9% | +1.0% |
| DXY | 2025-07-28 | [Dollar approaches R$5,60 again, driven by external factors after agreement between the US and EU \| Brasil 247](https://feedsoft.ai/events/24001-dollar-approaches-r-5-60-again-driven-by-external-factors-after-agreement.md) | +1.0% | +0.2% |
| DXY | 2023-02-27 | [Why inflation in the U.S. is a problem for the Bank of Canada](https://feedsoft.ai/events/37582-why-inflation-in-the-u-s-is-a-problem-for-the-bank-of-canada.md) | -0.7% | -0.9% |
| DXY | 2026-09-16 | [Canadian dollar hits six-week low as investors bet on additional Fed rate hikes \| Reuters](https://feedsoft.ai/events/17700-canadian-dollar-hits-six-week-low-as-investors-bet-on-additional-fed-rate-hikes.md) | +0.6% | +2.6% |
| WHEAT | 2026-05-13 | [Biofuel bets meet rising food shortage fears after USDA slashes U.S. wheat crop forecast - Pro Farmer](https://feedsoft.ai/events/10794-biofuel-bets-meet-rising-food-shortage-fears-after-usda-slashes-u-s-wheat-crop.md) | +0.9% | -4.2% |
| WHEAT | 2025-09-16 | [U.S. grains: Corn, soy, wheat futures rise as dollar sags; crop yields eyed - Grainews](https://feedsoft.ai/events/6851-u-s-grains-corn-soy-wheat-futures-rise-as-dollar-sags-crop-yields-eyed-grainews.md) | +0.3% | +1.5% |
| WHEAT | 2020-03-18 | [U.S. corn skids 2.2% to lowest level since September 2016; wheat, soy rise \| Financial Post](https://feedsoft.ai/events/8374-u-s-corn-skids-2-2-to-lowest-level-since-september-2016-wheat-soy-rise.md) | -5.7% | -1.5% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/prairie-cash-wheat-external-factors-raise-bids

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