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Kunal Shah of Nirmal Bang argued that a sharp fall in the US dollar, driven by expected Fed rate cuts and fiscal strain, could spark a broad commodity rally. He expects the dollar index to fall to 93-94 within three months.
A weaker dollar makes dollar-denominated grains and feed ingredients cheaper for foreign buyers, which tends to support prices, though this is a forecast rather than a realized move.
cnbctv18.comManisha GuptaJun 26, 2025After 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.
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.
