# Covering the Floor Price

> DTN analysis outlines downside price risks for corn and soybeans heading into 2017, including higher interest rates, a stronger dollar, trade tensions under the incoming Trump administration, possible biofuel policy changes, and another large global feed grain and oilseed crop. Cash bids run well under nearby futures and the December 2017 corn contract trades near $3.86 a bushel.

- Date: 2016-11-22 · published 2016-11-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/73883-covering-the-floor-price
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Market risk management commentary highlights bearish macro and policy risks that could cap feed grain prices, though it describes no new single cause of a move.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-12 | [Fear is the price killer in commodity markets - Manitoba Co-operator](https://feedsoft.ai/events/8373-fear-is-the-price-killer-in-commodity-markets-manitoba-co-operator.md) | -7.4% | -3.7% |
| CORN | 2020-05-01 | [A price paradigm shift for corn is coming, analyst says](https://feedsoft.ai/events/53157-a-price-paradigm-shift-for-corn-is-coming-analyst-says.md) | +1.3% | +2.2% |
| CORN | 2022-04-28 | [Poor Chinese hog margins to weigh on feed grain price outlook \| The Land \| NSW](https://feedsoft.ai/events/41839-poor-chinese-hog-margins-to-weigh-on-feed-grain-price-outlook-the-land-nsw.md) | -7.5% | -2.6% |
| CORN | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | +3.2% | +4.3% |
| CORN | 2020-05-12 | [COVID 19: Analysis of Food Commodity Price Indices](https://feedsoft.ai/events/7502-covid-19-analysis-of-food-commodity-price-indices.md) | +0.6% | +4.2% |
| SOY | 2020-03-12 | [Fear is the price killer in commodity markets - Manitoba Co-operator](https://feedsoft.ai/events/8373-fear-is-the-price-killer-in-commodity-markets-manitoba-co-operator.md) | -4.9% | -1.5% |
| SOY | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | -3.0% | -6.7% |
| SOY | 2022-09-28 | [Fresh from the Trading Room - CME Group](https://feedsoft.ai/events/39715-fresh-from-the-trading-room-cme-group.md) | -1.7% | -1.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2016/11/22/interest-rates-trade-disputes-policy?referrer=twitter

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