# Metals-led commodity rally on US dollar slump — Arabian Post

> Commodities rallied after the US election as the dollar fell, with strong gains in metals and agriculture. Chicago soybeans reached a four-year high, and the FAO food price index rose 3.1% month on month in October, led by sugar, dairy, cereals and vegetable oils.

- Date: 2020-11-08 · published 2020-11-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50085-metals-led-commodity-rally-on-us-dollar-slump-arabian-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and firm demand from China, alongside dry weather in key producing regions, support grain and oilseed prices and point to rising feed costs.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- thearabianpost.com: https://thearabianpost.com/metals-led-commodity-rally-on-us-dollar-slump/

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