The US dollar slid sharply after President Trump said the currency had not weakened excessively and should be allowed to seek its own level, which pushed the dollar index to multi-year lows. AUD/USD rose sharply ahead of Australia's Q4 inflation report, and the move followed earlier comments from Treasury Secretary Bessent on Asian currency strength.
A weaker dollar lifts dollar-priced commodities and raises the cost of US exports in foreign currency terms, which tends to support futures prices. Buyers of US feed ingredients may see firmer quotes while the dollar stays weak.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), 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.