
The dollar index swung sharply as Trump's tariff signals alternated between relief and threats, including talk of 25% tariffs. Traders reversed positions repeatedly during the session.
Tariff whiplash raises uncertainty for soybean and grain trade flows and currency-driven export pricing. The net price direction is unclear until policy is settled.
After 13 past neutral trade events, US Dollar (Broad) moved a median -0.3% over 5 sessions (31% higher; middle half -0.7% to +0.1%), and -0.6% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.