The Bloomberg Dollar Spot Index rose 0.7% for the week, its biggest gain since early October, and hit its highest level since May 2025. Traders raised bets on further US rate hikes in 2027 and assigned a small probability to a half-point hike in December after hotter CPI data and hawkish Fed comments.
Two-year and 10-year Treasury yields jumped sharply.
A firmer dollar and higher US yields make US commodity exports more expensive for foreign buyers and tend to pressure dollar-priced grains, oilseeds and feed ingredients. Emerging-market currencies that import feed could also weaken, raising local costs.
After 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.
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.