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An industry commentary argues that inflation, currencies and supply chains will drive commodity price moves in coming months. It explains the inverse relationship between a strong dollar and commodity prices, with US farm exports forecast at $164 billion this year.
A strong dollar generally pressures dollar-quoted commodities, so currency moves are a key factor for feed input costs.
farmprogress.comDrew MooreOct 18, 2021After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
