# Strong Dollar's Impact on Grain Exports

> The CME Group says the dollar has rallied ahead of Fed tightening and on safe-haven flows linked to Russia's invasion of Ukraine. A stronger dollar raises the cost of US grain and oilseed purchases for importers.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/42202-strong-dollar-s-impact-on-grain-exports
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar acts as a headwind to US corn and soybean export demand, partly offsetting the price support from South American drought and the Black Sea conflict.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-31 | [How is a strong U.S. dollar affecting imports and exports?](https://feedsoft.ai/events/40256-how-is-a-strong-u-s-dollar-affecting-imports-and-exports.md) | +0.9% | +3.6% |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |
| DXY | 2020-09-23 | [Corn ends lower on strong dollar](https://feedsoft.ai/events/11767-corn-ends-lower-on-strong-dollar.md) | +0.8% | -1.4% |
| DXY | 2024-04-29 | [A Strong U.S. Dollar Weighs on the World](https://feedsoft.ai/events/30905-a-strong-u-s-dollar-weighs-on-the-world.md) | -0.7% | -1.1% |
| DXY | 2016-08-31 | [Strong dollar remains anchor on prices](https://feedsoft.ai/events/12399-strong-dollar-remains-anchor-on-prices.md) | -1.2% | +0.3% |
| CORN | 2019-04-25 | [Strong dollar punishes grain prices](https://feedsoft.ai/events/7595-strong-dollar-punishes-grain-prices.md) | +0.4% | +6.2% |
| CORN | 2020-09-23 | [Corn ends lower on strong dollar](https://feedsoft.ai/events/11767-corn-ends-lower-on-strong-dollar.md) | -0.0% | +6.4% |
| CORN | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | -1.1% | +2.5% |

## Sources

- cmegroup.com: https://www.cmegroup.com/insights/economic-research/2022/strong-dollars-impact-on-grain-exports.html

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