
Fed Chair Jerome Powell signaled after the Jackson Hole symposium that the central bank is prepared to keep tightening monetary policy to cool demand. US stock futures fell, with the S&P 500 and Nasdaq 100 extending losses and two-year Treasury yields hitting their highest since 2007.
The dollar index traded near 108.66 as volatility rose.
A firmer dollar and higher US rates tend to pressure dollar-denominated grain and oilseed prices and can weaken demand from importers. Risk-off moves also weigh on energy and other commodities.
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.
After 301 past bearish macro events, CORN moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.
After 273 past bearish macro events, SOY moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% 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.