# Perspective: Mid-Day Commentary for May 2

> 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.

- Date: 2025-05-02 · published 2025-05-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/4275-perspective-mid-day-commentary-for-may-2
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-12-20 | [Commentary: Fed still the only hiker in town, but dollar refuses to play ball](https://feedsoft.ai/events/61743-commentary-fed-still-the-only-hiker-in-town-but-dollar-refuses-to-play-ball.md) | -0.1% | -1.1% |
| DXY | 2021-01-22 | [Dynamics have changed for commodity markets \| ABN AMRO](https://feedsoft.ai/events/49065-dynamics-have-changed-for-commodity-markets-abn-amro.md) | +0.7% | +0.5% |
| DXY | 2019-06-19 | [Dollar Drops on Fed Comments -- Market Talk - WSJ](https://feedsoft.ai/events/7437-dollar-drops-on-fed-comments-market-talk-wsj.md) | -1.1% | -0.9% |
| DXY | 2020-10-21 | [Monthly Commodity Insights – October 2020: Commodities wary for US elections \| ABN AMRO](https://feedsoft.ai/events/50557-monthly-commodity-insights-october-2020-commodities-wary-for-us-elections-abn.md) | -0.2% | -1.6% |
| DXY | 2025-12-12 | [What Does the Latest Rate Cut Mean for Commodity Investments?](https://feedsoft.ai/events/21405-what-does-the-latest-rate-cut-mean-for-commodity-investments.md) | +0.1% | +0.0% |
| WTI | 2023-10-03 | [Oil drops for fourth consecutive day on macroeconomic concerns  \| The National](https://feedsoft.ai/events/7915-oil-drops-for-fourth-consecutive-day-on-macroeconomic-concerns-the-national.md) | -5.4% | -6.8% |
| WTI | 2018-02-22 | [Feb 22: Ringgit slips against US dollar for fourth consecutive day](https://feedsoft.ai/events/66757-feb-22-ringgit-slips-against-us-dollar-for-fourth-consecutive-day.md) | -0.3% | +5.5% |
| WTI | 2021-01-25 | [Mexico peso hits 2-wk low after president tests positive for COVID-19 - Markets - Business Recorder](https://feedsoft.ai/events/49356-mexico-peso-hits-2-wk-low-after-president-tests-positive-for-covid-19-markets.md) | -0.2% | +17.9% |

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/perspective-mid-day-commentary-for-may-2/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.