
The 10-year US Treasury yield has risen about 50 basis points since the Iran war began in late February. The increase is tied to higher inflation expectations driven by higher oil prices.
Investors expect the dollar could break higher as yields rise.
Higher US yields and a firmer dollar tend to weigh on dollar-priced grains, oilseeds and feed ingredients, while raising import costs for buyers using weaker currencies.
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.
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.