The US dollar consolidated in narrow ranges while the yen hit a nine-month low near JPY155. Sterling neared $1.31 after weak UK employment data.
WTI crude rose above 2% earlier in the week before giving back part of the gain near $60.50.
Broad dollar and crude moves are the main macro channels for grain and oilseed prices, but this wrap describes no new cause, so the effect is small.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
Not enough comparable past events yet for a historical read.
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.