# Wheat Sinks to 4-Month Low as Dollar Hammers Gold

> 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.

- Date: 2026-11-13 · published 2026-11-13T18:05:44.255Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/98064-wheat-sinks-to-4-month-low-as-dollar-hammers-gold
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Oats](https://feedsoft.ai/c/OATS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bullish ▲
- CORN: bearish ▼
- OATS: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-27 | [U.S. grains: Wheat futures sink as dollar rallies - Grainews](https://feedsoft.ai/events/68496-u-s-grains-wheat-futures-sink-as-dollar-rallies-grainews.md) | -4.0% | -5.9% |
| WHEAT | 2018-05-07 | [Wheat drops 3% as dollar hits 2018 peak](https://feedsoft.ai/events/7882-wheat-drops-3-as-dollar-hits-2018-peak.md) | -4.2% | -1.0% |
| WHEAT | 2026-10-27 | [Wheat Prices Slip As A Stronger Dollar Tests Exports - Finimize](https://feedsoft.ai/events/455-wheat-prices-slip-as-a-stronger-dollar-tests-exports-finimize.md) | -0.2% | — |
| WHEAT | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | +7.2% | +7.0% |
| WHEAT | 2024-11-14 | [Rising dollar and rain forecasts weigh on US wheat](https://feedsoft.ai/events/27444-rising-dollar-and-rain-forecasts-weigh-on-us-wheat.md) | -0.5% | +0.2% |
| KWHEAT | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -5.0% | -7.9% |
| KWHEAT | 2024-11-14 | [Rising dollar and rain forecasts weigh on US wheat](https://feedsoft.ai/events/27444-rising-dollar-and-rain-forecasts-weigh-on-us-wheat.md) | +3.9% | +1.0% |
| KWHEAT | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | +3.1% | -2.2% |

## Sources

- dailyboard.ca: https://www.dailyboard.ca/p/wheat-sinks-4-month-low-dollar-hammers-gold-nov-12-2026

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