# U.S. dollar pressuring grains - Agweek | #1 source for agriculture news, farming, markets

> Wheat futures gained briefly on short covering the week of October 23 but stalled below the 50-day average in Chicago. The US dollar rose to around $95 index level, making US wheat less competitive for export. IGC raised its 2017-18 world wheat production estimate slightly to 748.5 million tonnes.

- Date: 2017-10-29 · published 2017-10-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/68485-u-s-dollar-pressuring-grains-agweek-1-source-for-agriculture-news-farming
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A stronger dollar reduces US export competitiveness and pressures wheat and feed grain prices, while a small upward revision to world supply adds bearish weight.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-08-04 | [Strengthening dollar weighing down exports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6043-strengthening-dollar-weighing-down-exports-agweek-1-source-for-agriculture-news.md) | +0.2% | +1.7% |
| 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 | 2017-10-27 | [U.S. grains: Wheat futures sink as dollar rallies - Grainews](https://feedsoft.ai/events/68496-u-s-grains-wheat-futures-sink-as-dollar-rallies-grainews.md) | -0.1% | -1.4% |
| DXY | 2023-04-17 | [EMERGING MARKETS-Peru's sol outpaces Latam FX, firm dollar caps gains \| Kitco News](https://feedsoft.ai/events/36695-emerging-markets-peru-and-apos-s-sol-outpaces-latam-fx-firm-dollar-caps-gains.md) | +0.4% | +0.4% |
| DXY | 2023-02-06 | [EMERGING MARKETS-Thai baht faces worst day in 23 years as strong dollar pressures Asia FX \| Kitco News](https://feedsoft.ai/events/37585-emerging-markets-thai-baht-faces-worst-day-in-23-years-as-strong-dollar.md) | +0.5% | +0.8% |
| KWHEAT | 2016-06-24 | [U.S. grains: Soy, corn drop on Brexit fallout - Grainews](https://feedsoft.ai/events/11728-u-s-grains-soy-corn-drop-on-brexit-fallout-grainews.md) | -5.5% | -2.0% |
| KWHEAT | 2024-11-14 | [Rising dollar and rain forecasts weigh on US wheat](https://feedsoft.ai/events/27444-rising-dollar-and-rain-forecasts-weigh-on-us-wheat.md) | +3.9% | +1.0% |
| KWHEAT | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | +3.1% | -2.2% |

## Sources

- agweek.com: https://www.agweek.com/opinion/u-s-dollar-pressuring-grains

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