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The US dollar strengthened to a 13-month high after the Federal Reserve held rates steady but projected a hike later this year. Traders moved to price in tighter policy.
A firmer dollar makes US grains, soybeans and meal pricier for foreign buyers, which tends to pressure US feed commodity prices.
reuters.comChuck MikolajczakJun 24, 2026After 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.
It reports the dollar at a 13-month high on June 24 on Fed hike expectations, consistent with the move but largely repeating the same driver.
