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The US dollar index rose to a two-week high on Thursday after labor market data showed continued solid footing. The data gave the Federal Reserve room to keep raising interest rates.
A stronger dollar on rate-hike expectations tends to pressure dollar-denominated grain and meal prices and can weigh on export competitiveness.
After 2,356 past bullish macro events, DXY 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.