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The dollar was flat as a standoff between the US and Iran lifted oil prices and Treasury yields. Reuters reported that a three-day Xi Jinping summit produced no major public breakthroughs on contentious issues.
Higher crude raises energy and fertilizer costs and feeds biofuel economics, which supports feed-ingredient prices. Firmer yields and a steady dollar give little near-term relief to import costs for feed buyers.
reuters.comJiaxing LiOct 1, 2026After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
