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Stocks rose on a stronger-than-expected jobs report and hopes for easing US-China trade tensions. The dollar fell back below 100 and WTI crude slipped about 1.3% to just above 58 dollars per barrel.
Wheat rebounded from earlier contract lows while soybean oil lagged.
A weaker dollar and softer crude can support US export competitiveness and lower biofuel-linked input costs. Broad macro moves have limited direct effect on feed ingredient prices in the near term.
stonex.comArlan SudermanMay 2, 2025After 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 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), 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.
