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Wheat futures fell to a four-month low on November 12 as the US dollar surged to a 19-month high, making US exports pricier. Corn, soybeans and meal also declined, while WTI crude and natural gas rose more than 2.5%.
Gold and silver fell sharply on the dollar move.
A stronger dollar raises the cost of US grain exports and pressures wheat, corn and soybean prices, which lowers feed input costs for buyers. The move is driven by currency rather than new crop supply, so it is likely to be temporary.
dailyboard.caTrent KlarenbachNov 13, 2026After 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.
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.
