# Dynamics have changed for commodity markets | ABN AMRO

> ABN AMRO raised its US growth outlook after stronger Chinese growth and expected large fiscal stimulus. It also expects slightly higher US rates, a Fed taper starting in 2022, and a bottoming dollar, all of which it says are headwinds for commodities.

- Date: 2021-01-22 · published 2021-01-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49065-dynamics-have-changed-for-commodity-markets-abn-amro
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and tighter policy later would weigh on dollar-priced grains and meals, partly offset by stronger cyclical demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-03-23 | [A weaker USD should support commodity markets – ANZ — Octa](https://feedsoft.ai/events/36778-a-weaker-usd-should-support-commodity-markets-anz-octa.md) | -0.7% | -1.1% |
| DXY | 2024-03-04 | [Commodity markets saw slight upward trend last week](https://feedsoft.ai/events/7865-commodity-markets-saw-slight-upward-trend-last-week.md) | -0.9% | +0.0% |
| DXY | 2025-09-01 | [The Commodities Feed: Jerome Powell provides a boost to most markets](https://feedsoft.ai/events/23246-the-commodities-feed-jerome-powell-provides-a-boost-to-most-markets.md) | -0.1% | -0.1% |
| DXY | 2020-08-28 | [Powell And Abe Drive Markets \| Investing.com](https://feedsoft.ai/events/51794-powell-and-abe-drive-markets-investing-com.md) | -0.5% | +1.0% |

## Sources

- abnamro.com: https://www.abnamro.com/research/en/our-research/dynamics-have-changed-for-commodity-markets

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