# After the Bell | October 6, 2022 - Pro Farmer

> On October 6, 2022, November soybeans fell to a 2.5-month low, December corn dropped to its lowest close since September 29, and December SRW wheat fell to its lowest since September 27. Harvest pressure, a strong dollar near 20-year highs, and soft export demand drove the declines. December soymeal fell $5.10 to $393.40.

- Date: 2022-10-06 · published 2022-10-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5087-after-the-bell-october-6-2022-pro-farmer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Harvest pressure and a firm dollar reduce US export competitiveness and weigh on feed grain and soymeal prices. Soybean meal weakness lowers feed input costs for buyers in the near term.

## Read by commodity

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

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-october-6-2022

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