# Canadian dollar cushioning soy, corn prices | Farmtario

> Ontario wheat, corn and soybean cash prices were little changed over two weeks, as the local risk premium from short 2019 production is eroding. Coronavirus fears have cut demand from China and Southeast Asia, while Brazil's soybean harvest is 15% complete, slightly ahead of average, and the Brazilian real is near historic lows.

- Date: 2020-02-24 · published 2020-02-24T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/54657-canadian-dollar-cushioning-soy-corn-prices-farmtario
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weaker real and fast Brazilian harvest increase export competition for soybeans and meal, and the loss of Chinese and Southeast Asian demand points to lower prices for Canadian grain and oilseeds.

## Read by commodity

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

## Sources

- farmtario.com: https://farmtario.com/markets-business/canadian-dollar-cushioning-soy-corn-prices/

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