
Bloomberg's live coverage of the July 31 Fed meeting reports Treasury yields falling 4 to 6 basis points across the curve. Futures priced about 27 basis points of cuts for the September meeting, implying a small chance of a larger move.
Lower yields and a softer dollar tend to support commodity prices and make dollar-priced US feed exports more competitive abroad.
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.
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.
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.