US October CPI rose 0.4% monthly and core CPI 0.3%, with Fed Governor Christopher Waller signaling support for a rate hike. Gold fell to its lowest level since October 2025, silver dropped 6.3% and gold 4.6% on the week, while Brent crude declined as Middle East deal hopes weakened.
A firmer dollar and expectations of higher US rates weigh on metals and oil, while the week's USDA production and stock revisions lifted cotton, corn and soybeans. For feed buyers, the grain gains reflect lower US supply outlooks, but the strong dollar may limit export competitiveness.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), 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.