# International corn market pressured by strong dollar

> Corn prices were pressured by a strengthening US dollar, which offset gains from strong US export demand. US 2024/25 corn exports are near 30 million tons, roughly double the prior year, as Brazil and Argentina supplies fell short.

- Date: 2024-11-22 · published 2024-11-22T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6063-international-corn-market-pressured-by-strong-dollar
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US corn less competitive abroad and caps prices even as demand for US supply grows. Reduced South American and Ukrainian supplies could eventually force USDA to raise its export forecast and cut carryover stocks.

## Read by commodity

- DXY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-11-16 | [Strong dollar inflows support Brazilian real](https://feedsoft.ai/events/33375-strong-dollar-inflows-support-brazilian-real.md) | +0.0% | -2.2% |
| CORN | 2020-03-20 | [Dollar rampage spurs FX interventions, speculation of big G7 move](https://feedsoft.ai/events/7020-dollar-rampage-spurs-fx-interventions-speculation-of-big-g7-move.md) | -0.6% | -3.1% |
| CORN | 2026-01-27 | [Dollar sinks to four-year low as intervention risk lifts yen](https://feedsoft.ai/events/21293-dollar-sinks-to-four-year-low-as-intervention-risk-lifts-yen.md) | -0.7% | -0.4% |
| CORN | 2019-07-23 | [High production, competing proteins, closed foreign markets challenge U.S. chicken industry](https://feedsoft.ai/events/58239-high-production-competing-proteins-closed-foreign-markets-challenge-u-s-chicken.md) | +0.9% | -10.8% |
| CORN | 2024-02-14 | [Cost Pressures \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/31821-cost-pressures-ohio-beef-cattle-letter.md) | +0.5% | +3.9% |
| DXY | 2026-02-02 | [Dollar gains over dong on black market - VnExpress International](https://feedsoft.ai/events/20921-dollar-gains-over-dong-on-black-market-vnexpress-international.md) | +0.3% | +0.7% |
| DXY | 2025-11-01 | [Dollar strengthens against dong on black market - VnExpress International](https://feedsoft.ai/events/22248-dollar-strengthens-against-dong-on-black-market-vnexpress-international.md) | +0.0% | -0.2% |
| DXY | 2022-04-28 | [Rand pressured by strong dollar - Moneyweb](https://feedsoft.ai/events/42125-rand-pressured-by-strong-dollar-moneyweb.md) | +0.1% | -0.4% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/international-corn-market-pressured-by-strong-dollar/

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