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Dallas Fed President Logan called for at least two more 25 basis point rate hikes, adding to the hawkish stance of other Fed officials. The remarks come after the Fed held rates steady at 3.75-4.00% in October.
Hawkish Fed signals tend to strengthen the US dollar, which can pressure dollar-denominated grain and oilseed prices and raise borrowing costs for feed mills and livestock producers.
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.
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.