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Rabobank raises its probability of a US recession above 50% due to tariffs and expects inflation to exceed its earlier 4.0% peak. It sees one more Fed rate cut in June before a pause, and projects USD/MXN near 21 and USD/CAD falling to 1.46.
A weaker US economy would dampen demand for meat, dairy and feed, while a softer Canadian dollar and peso shift export competitiveness for North American feed ingredients.
rabobankna.comMay 30, 2025After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
