# Soybean futures shed one percent as dollar climbs

> Soybean futures fell over 1% in American trade, heading for a third weekly decline, as the US dollar index rose. US data showed strong October payrolls and a falling unemployment rate to 4.1%.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68022-soybean-futures-shed-one-percent-as-dollar-climbs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and macro data pressure dollar-denominated commodity prices, leaving soybeans weaker in a routine market move.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼

## Sources

- economies.com: https://www.economies.com/commodities/soybeans-news/soybean-futures-shed-one-percent-as-dollar-climbs-20998

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