# Strengthening dollar weighing down exports - Agweek | #1 source for agriculture news, farming, markets

> The US dollar rose about 60 points after the Federal Reserve cut rates by a quarter point, as expected. The Canadian dollar, ruble and euro fell against it. Matif wheat neared support at $173 per tonne, and Strategie Grains and German farm groups revised European wheat crop estimates.

- Date: 2019-08-04 · published 2019-08-04T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6043-strengthening-dollar-weighing-down-exports-agweek-1-source-for-agriculture-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US wheat less competitive and gives Canadian and Russian exporters a pricing edge. Lower European crop estimates provide some offsetting support for global wheat prices.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-29 | [U.S. dollar pressuring grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68485-u-s-dollar-pressuring-grains-agweek-1-source-for-agriculture-news-farming.md) | -3.8% | -5.6% |
| WHEAT | 2020-03-01 | [Grains, like economy, trend lower on coronavirus concerns - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12541-grains-like-economy-trend-lower-on-coronavirus-concerns-agweek-1-source-for.md) | -0.1% | -4.3% |
| WHEAT | 2022-07-15 | [Volatility in the markets again this week from WASDE report and inflationary pressures - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4309-volatility-in-the-markets-again-this-week-from-wasde-report-and-inflationary.md) | +8.2% | +8.9% |
| WHEAT | 2016-11-09 | [Corn, wheat drop more than 1 percent as Trump wins White House - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73885-corn-wheat-drop-more-than-1-percent-as-trump-wins-white-house-agweek-1-source.md) | +0.8% | -0.1% |
| WHEAT | 2026-10-27 | [Wheat Prices Slip As A Stronger Dollar Tests Exports - Finimize](https://feedsoft.ai/events/455-wheat-prices-slip-as-a-stronger-dollar-tests-exports-finimize.md) | -0.2% | — |
| DXY | 2017-10-29 | [U.S. dollar pressuring grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68485-u-s-dollar-pressuring-grains-agweek-1-source-for-agriculture-news-farming.md) | -0.2% | -1.6% |
| DXY | 2016-11-09 | [Corn, wheat drop more than 1 percent as Trump wins White House - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73885-corn-wheat-drop-more-than-1-percent-as-trump-wins-white-house-agweek-1-source.md) | +3.1% | +3.3% |
| DXY | 2018-09-05 | [Turbulence Roils Emerging Markets In The Shadow Of A Strengthened U.S. Dollar](https://feedsoft.ai/events/63326-turbulence-roils-emerging-markets-in-the-shadow-of-a-strengthened-u-s-dollar.md) | -0.1% | -0.8% |

## Sources

- agweek.com: https://www.agweek.com/opinion/strengthening-dollar-weighing-down-exports

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