# Grains rally after rough midweek session

> Corn, soybean and wheat futures posted solid gains after steep losses the previous day, following USDA data that was described as unhelpful. Corn led the rally after a better-than-expected export sales report, while the US dollar softened and Midwest rainfall was forecast to be variable.

- Date: 2023-07-14 · published 2023-07-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5100-grains-rally-after-rough-midweek-session
- 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)

## Why it matters

Stronger export demand and a weaker dollar support grain prices, but the rebound follows heavy fund selling and may not hold without further weather or demand support.

## Read by commodity

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

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/grains-rally-after-rough-midweek-session

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