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A weekly futures wrap reported that treasury markets fell after a hot February PPI reading of +0.5% and a jump in Michigan sentiment. The dollar rebounded from a sharp drop but stayed within a downward channel.
Equities held up despite rising Treasury yields.
Stronger inflation data and higher U.S. rates tend to firm the dollar and pressure dollar-priced commodities, though this report describes market moves more than a new commodity-specific shock.
admis.comADMIS Research TeamMar 15, 2021After 541 past macro events, Corn moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), 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.
