# Competing Currencies Mostly Bearish for U.S. Crops

> DTN analysis says the Brazilian real has weakened in March as economic growth remains sluggish, with the April contract falling to 25.685 cents. The article also notes the Russian ruble and euro as competing currencies, with the ruble near 1.53 cents and the euro at $1.1375. Weaker currencies in these exporting countries make their wheat, corn and soy more competitive.

- Date: 2019-03-25 · published 2019-03-25T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/60309-competing-currencies-mostly-bearish-for-u-s-crops
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A softer real improves Brazil's export competitiveness for corn and soybeans, which is bearish for US crop prices. The ruble's weakness supports Russian wheat exports.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-05-31 | [Should U.S. Farmers Fret Over Falling Ag Currencies?](https://feedsoft.ai/events/64951-should-u-s-farmers-fret-over-falling-ag-currencies.md) | +2.1% | +3.1% |
| USDBRL | 2016-11-01 | [Brazil, Mexico currencies weaken after strong U.S. data](https://feedsoft.ai/events/11054-brazil-mexico-currencies-weaken-after-strong-u-s-data.md) | +1.0% | +6.9% |
| USDBRL | 2018-10-04 | [Soaring US dollar threatens trouble for emerging markets \| Currencies \| The Guardian](https://feedsoft.ai/events/62719-soaring-us-dollar-threatens-trouble-for-emerging-markets-currencies-the-guardian.md) | -3.1% | -4.7% |
| USDBRL | 2024-09-10 | [Emerging Currencies Weaken for Second Day as Stocks Halt Selloff - Bloomberg](https://feedsoft.ai/events/12465-emerging-currencies-weaken-for-second-day-as-stocks-halt-selloff-bloomberg.md) | -1.7% | -2.1% |
| USDBRL | 2024-12-03 | [FX Daily: BRICS currencies under pressure \| articles \| ING THINK](https://feedsoft.ai/events/12462-fx-daily-brics-currencies-under-pressure-articles-ing-think.md) | -0.2% | +1.8% |
| CORN | 2016-12-08 | [FX: What Next for Currencies in Trump Sell-Off?](https://feedsoft.ai/events/73686-fx-what-next-for-currencies-in-trump-sell-off.md) | +0.9% | +0.3% |
| CORN | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | -1.1% | +2.5% |
| CORN | 2017-05-18 | [Dollar spikes against major currencies](https://feedsoft.ai/events/4359-dollar-spikes-against-major-currencies.md) | +0.7% | +1.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2019/03/25/competing-currencies-mostly-bearish

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