# FX Daily: Time to think about the midterms? | ING THINK

> Traders are reducing net-long dollar positions ahead of US midterm elections on Tuesday. Prediction markets put a Democratic sweep around 68%.

- Date: 2026-10-30 · published 2026-10-30T10:05:44.224Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/2178-fx-daily-time-to-think-about-the-midterms-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar tends to support US commodity prices in dollar terms and can shift export competitiveness for US feed grains and meals.

## Read by commodity

- DXY: bearish ▼
- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-14 | [FX Daily: The mother of all corrections \| ING THINK](https://feedsoft.ai/events/7561-fx-daily-the-mother-of-all-corrections-ing-think.md) | -0.7% | -1.6% |
| DXY | 2023-11-21 | [FX Daily: Renminbi shorts on the run \| articles \| ING THINK](https://feedsoft.ai/events/12028-fx-daily-renminbi-shorts-on-the-run-articles-ing-think.md) | -0.6% | -0.7% |
| DXY | 2025-05-30 | [FX Daily: Softer US spending weighs on the dollar \| ING THINK](https://feedsoft.ai/events/24860-fx-daily-softer-us-spending-weighs-on-the-dollar-ing-think.md) | -0.5% | -1.6% |
| DXY | 2023-11-15 | [FX Daily: Dollar bears may have jumped the gun \| articles \| ING THINK](https://feedsoft.ai/events/10101-fx-daily-dollar-bears-may-have-jumped-the-gun-articles-ing-think.md) | -0.9% | -0.2% |
| DXY | 2024-01-24 | [FX Daily: Unwinding the spurious dollar rally \| articles \| ING THINK](https://feedsoft.ai/events/32330-fx-daily-unwinding-the-spurious-dollar-rally-articles-ing-think.md) | -0.4% | -0.1% |
| CORN | 2019-09-20 | [China cuts rates via a new tool \| articles \| ING THINK](https://feedsoft.ai/events/57293-china-cuts-rates-via-a-new-tool-articles-ing-think.md) | +1.7% | +4.4% |
| CORN | 2023-09-22 | [The Global Sugar Shortage Is About to Ease Thanks to a Corn Supply Boom \| Financial Post](https://feedsoft.ai/events/34081-the-global-sugar-shortage-is-about-to-ease-thanks-to-a-corn-supply-boom.md) | +1.4% | +3.0% |
| CORN | 2017-05-09 | [Goldman Sachs: Why the commodities rally might be different this time](https://feedsoft.ai/events/70919-goldman-sachs-why-the-commodities-rally-might-be-different-this-time.md) | +0.6% | +1.9% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-time-to-think-about-the-midterms/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.