# Harvest pressure clips corn, soybean prices – The Seam

> On October 6, 2022, corn, soybeans and wheat fell in a technical setback as the US dollar strengthened, with wheat losing 1.5% to 2%. Corn dropped about 1.25% and soybeans about 0.75% on harvest pressure and weak export sales. Crude oil rose about 1% to $88 per barrel, with diesel up 5%.

- Date: 2022-10-06 · published 2022-10-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5093-harvest-pressure-clips-corn-soybean-prices-the-seam
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Harvest pressure and weak export demand weigh on feed grain and oilseed prices, while a stronger dollar makes US exports less competitive abroad.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- WTI: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼
- DIESEL: bullish ▲

## Sources

- theseam.com: https://www.theseam.com/harvest-pressure-clips-corn-soybean-prices/

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