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The dollar retreated after a weak US consumer confidence reading and lower US yields. Euro gains were supported by expected German spending, and tariff deadlines on Canada and Mexico were set for the following week.
A weaker dollar supports US export prices for feed commodities. Tariff deadlines on Canada and Mexico, major US feed trade partners, add uncertainty to meal and grain demand.
After 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.
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.