# US Dollar Strengthens, Trade Minister Watches Soybean and Cooking Oil Prices

> Indonesia's Trade Minister Budi Santoso said a stronger US dollar could push up import prices for commodities such as soybeans and cooking oil. The government plans to strengthen inter-regional food distribution to balance supply, and chili prices have risen after weather-related harvest losses.

- Date: 2026-11-03 · published 2026-11-03T13:38:00.422Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/77786-us-dollar-strengthens-trade-minister-watches-soybean-and-cooking-oil-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar raises the local cost of dollar-priced soybean and palm oil imports into Indonesia, which can squeeze feed and food margins there.

## Read by commodity

- DXY: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-08 | [Weak Real and US Sino Conflict supports soybean prices](https://feedsoft.ai/events/11474-weak-real-and-us-sino-conflict-supports-soybean-prices.md) | +1.4% | +0.1% |
| SOY | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | +1.6% | +6.8% |
| SOY | 2019-12-30 | [Rand strengthens, easing Sino-US tensions aid emerging currencies - Moneyweb](https://feedsoft.ai/events/55834-rand-strengthens-easing-sino-us-tensions-aid-emerging-currencies-moneyweb.md) | +0.3% | -3.7% |
| SOY | 2019-11-04 | [The Dollar Advances as Fed Rate Guidance and Trade War Headlines Offer Support](https://feedsoft.ai/events/55964-the-dollar-advances-as-fed-rate-guidance-and-trade-war-headlines-offer-support.md) | -0.5% | -5.8% |
| SOY | 2017-09-29 | [Can the US dollar make a comeback? \| South China Morning Post](https://feedsoft.ai/events/69153-can-the-us-dollar-make-a-comeback-south-china-morning-post.md) | +0.9% | +1.2% |
| SBO | 2024-02-28 | [Against the background of rising oil prices, palm and soybean oil prices rose, despite the absence of fundamental supporting factors](https://feedsoft.ai/events/31772-against-the-background-of-rising-oil-prices-palm-and-soybean-oil-prices-rose.md) | -0.0% | +7.7% |
| SBO | 2020-03-13 | [Crude oil sell-offs see prices for palm oil decline \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/54237-crude-oil-sell-offs-see-prices-for-palm-oil-decline-analysis-and-features-the.md) | -2.6% | +4.8% |
| SBO | 2016-12-05 | [The good oil on grain prices… - Grain Central](https://feedsoft.ai/events/73542-the-good-oil-on-grain-prices-grain-central.md) | -2.1% | -7.8% |

## Sources

- liputan6.com: https://www.liputan6.com/bisnis/read/8327408/dolar-as-menguat-mendag-waspadai-harga-kedelai-dan-minyak-goreng

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