# Should U.S. Farmers Fret Over Falling Ag Currencies?

> Argentina's peso has fallen 23% against the dollar this year, and the central bank raised rates to 40% to combat capital flight. The Brazilian real is down 15% and the Russian rouble 10% since January, while grain prices have so far shown little reaction.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/64951-should-u-s-farmers-fret-over-falling-ag-currencies
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [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

Sharp currency falls in major exporters can boost their export competitiveness and pressure global prices over time, though day-to-day correlation with US grain prices has been weak.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral
- USDARS: bullish ▲
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-03-25 | [Competing Currencies Mostly Bearish for U.S. Crops](https://feedsoft.ai/events/60309-competing-currencies-mostly-bearish-for-u-s-crops.md) | -0.1% | +0.9% |
| USDBRL | 2018-02-02 | [Signs of Firming U.S. Inflation Put Emerging Market Currencies Under Pressure](https://feedsoft.ai/events/66723-signs-of-firming-u-s-inflation-put-emerging-market-currencies-under-pressure.md) | +3.7% | +2.5% |
| 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 | 2022-07-29 | [The strengthening of the U.S. dollar against the Latin American currencies - Latinoamérica 21](https://feedsoft.ai/events/40785-the-strengthening-of-the-u-s-dollar-against-the-latin-american-currencies.md) | +0.0% | -1.9% |
| USDBRL | 2018-08-15 | [Dollar Rises Against Emerging-Market Currencies  - WSJ](https://feedsoft.ai/events/12515-dollar-rises-against-emerging-market-currencies-wsj.md) | +2.8% | +6.5% |
| CORN | 2022-12-15 | [U.S. soybean futures fall; corn, wheat firm with focus on economy \| Reuters](https://feedsoft.ai/events/5520-u-s-soybean-futures-fall-corn-wheat-firm-with-focus-on-economy-reuters.md) | +2.2% | +4.0% |
| CORN | 2025-04-04 | [‘We just haven’t seen anything like this’: Farmers brace for Trump’s trade war](https://feedsoft.ai/events/25116-we-just-haven-t-seen-anything-like-this-farmers-brace-for-trump-s-trade-war.md) | +3.4% | +2.3% |
| CORN | 2019-03-19 | [Argentina Is Anxious for Soy Dollars. Farmers Won’t Play Ball - Bloomberg](https://feedsoft.ai/events/59942-argentina-is-anxious-for-soy-dollars-farmers-won-t-play-ball-bloomberg.md) | -0.3% | -3.4% |

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/should-us-farmers-fret-over-falling-ag-currencies

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