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The US dollar fell to a three-year low after Treasury Secretary Steven Mnuchin's remarks, and gold prices jumped. The article text is largely navigation boilerplate, so details are limited.
A weaker dollar tends to support dollar-priced commodities, making US feed grains and oilseeds cheaper for foreign buyers and lifting futures prices.
reuters.comJan 24, 2018After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
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.
Reuters reports the dollar hit a three-year low on 2018-01-24 after Mnuchin's comments, the same day and cause as the move.
