# Ahead of the Open | May 25, 2023 - Pro Farmer

> Pro Farmer expected grain and soybean futures to open mostly lower after another week of disappointing export sales. Outside markets were negative, with crude oil about $1 lower and the dollar index higher, while the U.S. debt-limit standoff continued and Fitch placed the U.S. AAA rating on watch negative. Dozens of ships were stalled near Istanbul under the Black Sea grain deal inspection process.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/5570-ahead-of-the-open-may-25-2023-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak export sales and a stronger dollar pressure grain prices, while Black Sea shipment delays add some logistics-driven uncertainty to wheat and corn supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-06-24 | [When the River Runs Low, Southern Grain Farmers Pay the Most - Oklahoma Farm Report](https://feedsoft.ai/events/16354-when-the-river-runs-low-southern-grain-farmers-pay-the-most-oklahoma-farm-report.md) | -1.9% | +2.5% |
| CORN | 2024-09-27 | [US-Mexico rail delays hit farm sector ahead of possible ports strike](https://feedsoft.ai/events/28346-us-mexico-rail-delays-hit-farm-sector-ahead-of-possible-ports-strike.md) | +2.2% | +1.0% |
| CORN | 2022-12-16 | [2022: The Annual Review Of Waterway Events - The Waterways Journal](https://feedsoft.ai/events/38407-2022-the-annual-review-of-waterway-events-the-waterways-journal.md) | +0.7% | +3.0% |
| CORN | 2023-10-19 | [Drought Status Update for the Midwest U.S. \| October 19, 2023 \| Drought.gov](https://feedsoft.ai/events/13240-drought-status-update-for-the-midwest-u-s-october-19-2023-drought-gov.md) | +1.0% | -2.6% |
| CORN | 2024-09-11 | [The Mississippi River is running low again. It’s a problem for farmers moving beans and grain \| AP News](https://feedsoft.ai/events/16508-the-mississippi-river-is-running-low-again-it-s-a-problem-for-farmers-moving.md) | +5.0% | +5.3% |
| SOY | 2026-06-24 | [When the River Runs Low, Southern Grain Farmers Pay the Most - Oklahoma Farm Report](https://feedsoft.ai/events/16354-when-the-river-runs-low-southern-grain-farmers-pay-the-most-oklahoma-farm-report.md) | +0.7% | +8.6% |
| SOY | 2024-09-27 | [US-Mexico rail delays hit farm sector ahead of possible ports strike](https://feedsoft.ai/events/28346-us-mexico-rail-delays-hit-farm-sector-ahead-of-possible-ports-strike.md) | +0.5% | -4.3% |
| SOY | 2017-10-02 | [Bad Timing: River Levels Falling, Barges Stall Ahead of Harvest](https://feedsoft.ai/events/68349-bad-timing-river-levels-falling-barges-stall-ahead-of-harvest.md) | +0.4% | +0.7% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/ahead-open-may-25-2023

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