
US October inflation rose 0.4% month on month, with core inflation at 0.3%, strengthening expectations of a Federal Reserve rate hike in December. Precious and base metals sold off, while agricultural prices rose on lower stock forecasts and supply concerns.
A stronger dollar and higher rates weigh on metals, but tighter agricultural supply can support feed grain and oilseed prices. The divergence suggests firmer feed input costs even as broader commodity sentiment weakens.
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.