US markets saw selling in equities, Treasuries and gold on October 29 after a hawkish Powell press conference. The dollar rallied and yields rose, and the Fed's rate cut and QT end were already priced in.
Crude also rose that day.
A stronger dollar and higher yields make dollar-denominated commodities more expensive for importers, which can weigh on export demand for US feed ingredients. Higher crude can also lift biofuel-linked feedstock values.
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 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.