# Grains and the Dollar: An Imperfect but Negative Relationship

> The U.S. Dollar Index has fallen about 11% since mid-March 2020 from a high of 102.8, while CBOT soybeans rallied roughly 30%, corn about 20%, and SRW wheat about 6% over the same period. The article attributes the grain rally to Northern Hemisphere weather problems and strong US export sales to China and Mexico.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/5269-grains-and-the-dollar-an-imperfect-but-negative-relationship
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar makes US grain cheaper for foreign buyers and has tracked the price rally, so continued dollar weakness supports grain and feed prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-10-30 | [Dollar rises against the real, still influenced by Fed decision \| Brasil 247](https://feedsoft.ai/events/22619-dollar-rises-against-the-real-still-influenced-by-fed-decision-brasil-247.md) | +3.7% | +4.7% |
| SOY | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | +1.6% | +6.8% |
| SOY | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | -1.4% | +9.7% |
| SOY | 2023-11-15 | [FX Daily: Dollar bears may have jumped the gun \| articles \| ING THINK](https://feedsoft.ai/events/10101-fx-daily-dollar-bears-may-have-jumped-the-gun-articles-ing-think.md) | +0.6% | -4.5% |
| SOY | 2026-09-25 | [What’s behind the latest surge in grain and oilseed prices?](https://feedsoft.ai/events/17495-what-s-behind-the-latest-surge-in-grain-and-oilseed-prices.md) | -2.5% | -4.9% |
| CORN | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | -0.3% | -0.1% |
| CORN | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | +1.6% | +11.5% |
| CORN | 2023-11-15 | [FX Daily: Dollar bears may have jumped the gun \| articles \| ING THINK](https://feedsoft.ai/events/10101-fx-daily-dollar-bears-may-have-jumped-the-gun-articles-ing-think.md) | -0.8% | -3.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/12/02/grains-dollar-imperfect-negative

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