# Corn prices crash nearly six percent in American trade

> Corn futures fell nearly 6 percent in U.S. trading as the dollar index rose. Fed Chair Janet Yellen was giving semiannual testimony to Congress, and British voters were set to decide on EU membership the following Thursday. The dollar's gain was cited as the main pressure on corn.

- Date: 2016-06-21 · published 2016-06-21T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/9748-corn-prices-crash-nearly-six-percent-in-american-trade
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes U.S. corn less competitive in export markets, which lowers prices. Macro uncertainty around monetary policy and the Brexit vote adds volatility to grain markets.

## Read by commodity

- DXY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-21 | [COVID-19 infects nearly all commodity prices \| Capital Press](https://feedsoft.ai/events/6503-covid-19-infects-nearly-all-commodity-prices-capital-press.md) | -1.6% | +0.5% |
| CORN | 2020-04-07 | [Coronavirus Sends Crop and Livestock Prices into a Tailspin \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/5743-coronavirus-sends-crop-and-livestock-prices-into-a-tailspin-farm-bureau-intel.md) | -4.0% | -6.5% |
| CORN | 2026-03-01 | [Why Corn and Soybean Prices May Not Rebound Until 2027](https://feedsoft.ai/events/20625-why-corn-and-soybean-prices-may-not-rebound-until-2027.md) | +2.0% | +5.1% |
| CORN | 2020-03-10 | [Corn, soybean prices fall, equity markets collapse \| TSLN.com](https://feedsoft.ai/events/11275-corn-soybean-prices-fall-equity-markets-collapse-tsln-com.md) | -3.4% | -3.3% |
| CORN | 2020-08-31 | [Corn Prices Still Lag Because of Demand \| Hoosier Ag Today](https://feedsoft.ai/events/51640-corn-prices-still-lag-because-of-demand-hoosier-ag-today.md) | +0.2% | +5.4% |
| DXY | 2016-10-24 | [Wheat prices sink nearly three percent](https://feedsoft.ai/events/10539-wheat-prices-sink-nearly-three-percent.md) | +0.2% | +3.1% |
| DXY | 2016-11-23 | [Wheat prices shed nearly one percent as eyes fixed on Fed's minutes](https://feedsoft.ai/events/11917-wheat-prices-shed-nearly-one-percent-as-eyes-fixed-on-fed-s-minutes.md) | +0.3% | +1.0% |
| DXY | 2026-04-30 | [Rupee breaches 95-mark amid fresh war concerns, spike in oil prices \| Business News - The Indian Express](https://feedsoft.ai/events/20007-rupee-breaches-95-mark-amid-fresh-war-concerns-spike-in-oil-prices-business.md) | -0.8% | -0.1% |

## Sources

- economies.com: https://www.economies.com/commodities/corn-news/corn-prices-crash-nearly-six-percent-in-american-trade-16199

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