# Commodity prices down last week amid hawkish monetary policies, recession fears

> Commodity prices fell last week as central banks, including the US Federal Reserve with a 75 basis point hike to a 3% to 3.25% target range, tightened policy to fight inflation. Gold dropped 1.9% to near its lowest since April 2020, and silver, platinum and base metals also declined as the dollar index rose above 114.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11907-commodity-prices-down-last-week-amid-hawkish-monetary-policies-recession-fears
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar and recession concerns reduce demand expectations and raise the cost of dollar-priced raw materials, weighing on broad commodity prices including feed inputs.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-01 | [WCU: Peak recession fears bring commodities down to earth \| Saxo](https://feedsoft.ai/events/40401-wcu-peak-recession-fears-bring-commodities-down-to-earth-saxo.md) | +1.2% | +0.7% |
| DXY | 2019-08-21 | [Weekly Pricing Pulse: Recession worries undercut commodity prices](https://feedsoft.ai/events/57752-weekly-pricing-pulse-recession-worries-undercut-commodity-prices.md) | +0.3% | -0.3% |
| DXY | 2022-09-27 | [Dollar rally, recession fears wreak havoc on commodities](https://feedsoft.ai/events/11908-dollar-rally-recession-fears-wreak-havoc-on-commodities.md) | -1.1% | -0.8% |
| DXY | 2024-03-25 | [Commodity markets witnessed downward pressure last week](https://feedsoft.ai/events/31100-commodity-markets-witnessed-downward-pressure-last-week.md) | -0.1% | +1.6% |
| DXY | 2022-01-28 | [Hawkish Fed a headwind for commodity prices \| Capital Economics](https://feedsoft.ai/events/43044-hawkish-fed-a-headwind-for-commodity-prices-capital-economics.md) | -0.9% | -0.6% |
| CORN | 2022-09-27 | [Dollar rally, recession fears wreak havoc on commodities](https://feedsoft.ai/events/11908-dollar-rally-recession-fears-wreak-havoc-on-commodities.md) | +1.8% | +4.0% |
| CORN | 2022-01-28 | [Hawkish Fed a headwind for commodity prices \| Capital Economics](https://feedsoft.ai/events/43044-hawkish-fed-a-headwind-for-commodity-prices-capital-economics.md) | +1.3% | +11.5% |
| CORN | 2022-04-25 | [Fed’s hawkish stance keeps commodity markets under pressure](https://feedsoft.ai/events/41759-fed-s-hawkish-stance-keeps-commodity-markets-under-pressure.md) | +0.4% | -2.0% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/economy/commodity-prices-down-last-week-amid-hawkish-monetary-policies-recession-fears/2694859

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