
The dollar rallied after US January payrolls rose 130,000 against 70,000 expected, with unemployment falling to 4.3%. The dollar index rose to about 96.92 as the data reduced expectations of near-term Fed cuts.
A firmer dollar and delayed Fed easing raise the cost of dollar-priced commodities for foreign buyers, which tends to pressure US grain and meal export demand.
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 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.
After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% 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.