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CBOT grain futures fell on November 12 as the U.S. dollar rose to a 19-month high on expectations of higher interest rates. December wheat fell 2.5% to $5.84 1/4 a bushel, December corn fell 1.2% to $4.42 1/2, and January soybeans fell 1% to $12.19.
A flash sale of 136,000 metric tons of soybeans to China was reported, and U.S. ethanol output slipped.
A stronger dollar raises the cost of U.S. grain for importers, which weighs on export demand and futures prices. Rising energy and inflation concerns that prompted the rate outlook add further pressure on the grain complex.
sa.marketscreener.comDow JonesNov 12, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 69 past bearish macro events, Wheat (SRW) moved a median -0.5% over 5 sessions (35% higher; middle half -2.6% to +0.8%), and -0.7% over 20.
After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.
After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
