
The dollar was on track for its biggest monthly gain in nearly a year as US-Iran tensions in the Gulf and Strait of Hormuz shipping disruptions supported safe-haven demand. Investors also awaited US jobs data that could shape the Fed's rate path.
Dollar strength driven by Gulf tensions and higher oil costs raises energy and fertilizer costs while weighing on dollar-denominated grain prices, a combined pressure for feed buyers.
After 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.
After 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.
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.