
Investors have held net long dollar positions for 21 straight weeks, adding to them ahead of the Fed's taper that began the previous month. The dollar index has risen 3.3% since the September Fed meeting that signaled a possible asset-purchase reduction.
A firmer dollar and expected rate hikes weigh on dollar-priced commodities and can pressure US export competitiveness for feed grains and meal, while supporting import costs for feed buyers abroad.
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.