# Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder

> CBOT corn and wheat futures edged lower on 28 October as a firmer dollar made US grain less attractive to importers. Corn export sales were weaker than expected, and Chinese purchases of US corn trailed prior years. Rain in the US Plains lifted wheat, with KC December HRW closing 7-1/4 cents lower.

- Date: 2022-10-29 · published 2022-10-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and weak export demand reduce US feed grain competitiveness and cap corn and wheat prices, while a firmer dollar also weighs on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-19 | [US MIDDAY: Soyabean, wheat and corn plunge - Markets - Business Recorder](https://feedsoft.ai/events/12365-us-midday-soyabean-wheat-and-corn-plunge-markets-business-recorder.md) | -5.0% | +3.5% |
| CORN | 2022-06-15 | [Corn, wheat, soya fall amid decline in financial markets - Markets - Business Recorder](https://feedsoft.ai/events/12701-corn-wheat-soya-fall-amid-decline-in-financial-markets-markets-business-recorder.md) | -1.6% | +0.4% |
| CORN | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | +1.3% | -1.9% |
| CORN | 2023-05-31 | [Dollar higher - Business & Finance - Business Recorder](https://feedsoft.ai/events/36152-dollar-higher-business-and-finance-business-recorder.md) | -1.8% | +0.1% |
| CORN | 2021-02-22 | [US money markets bringing forward Fed rate hike bets to end-2022 - Markets - Business Recorder](https://feedsoft.ai/events/48546-us-money-markets-bringing-forward-fed-rate-hike-bets-to-end-2022-markets.md) | +1.6% | -3.4% |
| WHEAT | 2021-05-19 | [US MIDDAY: Soyabean, wheat and corn plunge - Markets - Business Recorder](https://feedsoft.ai/events/12365-us-midday-soyabean-wheat-and-corn-plunge-markets-business-recorder.md) | -2.8% | +2.2% |
| WHEAT | 2022-06-15 | [Corn, wheat, soya fall amid decline in financial markets - Markets - Business Recorder](https://feedsoft.ai/events/12701-corn-wheat-soya-fall-amid-decline-in-financial-markets-markets-business-recorder.md) | -2.3% | -13.8% |
| WHEAT | 2024-11-26 | [Paris wheat drops - Markets - Business Recorder](https://feedsoft.ai/events/11781-paris-wheat-drops-markets-business-recorder.md) | -0.1% | +2.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40205947

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