# Dollar rises to 20-year highs, sends grains lower – The Seam

> The US dollar rose to 20-year highs, pressuring grain futures lower on July 12, 2022. Corn fell 7-10 cents, soybeans 24-27 cents, soymeal $3.10 per ton, soyoil $1.92 per pound, and wheat 9-15 cents in Chicago. Traders also awaited the July WASDE report amid heat and dryness across the Midwest.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US grain more expensive for foreign buyers, reducing export demand and weighing on futures. Midwest heat stress is a supportive offset that could limit downside if yields are threatened.

## Read by commodity

- DXY: bullish ▲
- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-07-19 | 5 | -9.9% | -3.3 | A 20-year-high dollar pressured grains and soymeal lower on July 12, making US exports less competitive. |
| CORN | 2022-07-15 | 5 | -8.9% | -3.0 | The dollar at 20-year highs made US grain less competitive and pushed corn lower on July 12. |
| SOY | 2022-07-14 | 1 | -8.9% | -5.9 | A 20-year-high dollar and fund selling pressured grains on July 12, which set up the continued slide. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-03-20 | [Grains, oilseeds lower as dollar rises \| MarketScreener](https://feedsoft.ai/events/11694-grains-oilseeds-lower-as-dollar-rises-marketscreener.md) | -0.1% | -3.2% |
| CORN | 2022-05-03 | [Dollar approaches 20-year highs, Fed meeting in focus](https://feedsoft.ai/events/8314-dollar-approaches-20-year-highs-fed-meeting-in-focus.md) | +3.6% | +3.0% |
| CORN | 2021-06-18 | [Hawkish Bullard sends US Dollar higher](https://feedsoft.ai/events/5935-hawkish-bullard-sends-us-dollar-higher.md) | +0.3% | -5.2% |
| CORN | 2016-12-16 | [Dollar near 14-year highs after Fed tips more rate hikes](https://feedsoft.ai/events/6461-dollar-near-14-year-highs-after-fed-tips-more-rate-hikes.md) | -3.0% | -0.2% |
| CORN | 2020-09-23 | [Corn ends lower on strong dollar](https://feedsoft.ai/events/11767-corn-ends-lower-on-strong-dollar.md) | -0.0% | +6.4% |
| SOY | 2026-03-20 | [Grains, oilseeds lower as dollar rises \| MarketScreener](https://feedsoft.ai/events/11694-grains-oilseeds-lower-as-dollar-rises-marketscreener.md) | +0.4% | -0.1% |
| SOY | 2016-12-16 | [Dollar near 14-year highs after Fed tips more rate hikes](https://feedsoft.ai/events/6461-dollar-near-14-year-highs-after-fed-tips-more-rate-hikes.md) | -3.4% | +3.9% |
| SOY | 2022-05-05 | [Dollar index hits 20-year high, sterling tumbles on dovish BoE](https://feedsoft.ai/events/8318-dollar-index-hits-20-year-high-sterling-tumbles-on-dovish-boe.md) | -1.2% | +3.6% |

## Sources

- theseam.com: https://www.theseam.com/dollar-rises-to-20-year-highs-sends-grains-lower/

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