# Perspective: Mid-Day Commentary for August 25

> The Kansas City Fed Manufacturing index fell to -9 in August from 7 in July, its lowest since spring 2020, and the Composite Index also dropped sharply. Separately, European fertilizer plants in Bulgaria, Lithuania and the UK suspended operations due to natural gas costs, following earlier shutdowns in Germany and Poland. The US dollar traded near 108.6 and crude oil near $94.6.

- Date: 2022-08-25 · published 2022-08-25T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/5143-perspective-mid-day-commentary-for-august-25
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak US manufacturing data points to softer demand and a firmer dollar, which weighs on commodity prices, while European fertilizer closures tighten nitrogen supply and support feed input costs.

## Read by commodity

- DXY: bullish ▲
- WTI: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-02 | [Perspective: Mid-Day Commentary for May 2](https://feedsoft.ai/events/5844-perspective-mid-day-commentary-for-may-2.md) | +0.3% | -1.0% |
| DXY | 2026-03-01 | [COMMENTARY: Specter of Warsh Fed sparks precious metals 'debasement' crash](https://feedsoft.ai/events/20507-commentary-specter-of-warsh-fed-sparks-precious-metals-debasement-crash.md) | +1.4% | +2.6% |
| DXY | 2022-11-14 | [Dollar Rises Against Euro and Yen Following Fed Commentary](https://feedsoft.ai/events/38896-dollar-rises-against-euro-and-yen-following-fed-commentary.md) | -0.7% | -1.6% |
| DXY | 2025-01-29 | [Fed day: Central bank maintains target rate at 4.25-4.50%](https://feedsoft.ai/events/26415-fed-day-central-bank-maintains-target-rate-at-4-25-4-50.md) | -0.1% | -0.8% |
| DXY | 2024-12-19 | [Market Perspectives - December 19, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/11563-market-perspectives-december-19-2024-u-s-grains-and-bioproducts-council.md) | +0.5% | +1.4% |
| WTI | 2022-05-02 | [Perspective: Mid-Day Commentary for May 2](https://feedsoft.ai/events/5844-perspective-mid-day-commentary-for-may-2.md) | +4.9% | +9.9% |
| WTI | 2026-01-01 | [COMMENTARY: China overtakes OPEC+ as the main oil price maker](https://feedsoft.ai/events/21669-commentary-china-overtakes-opec-as-the-main-oil-price-maker.md) | +0.8% | +13.0% |
| WTI | 2019-07-22 | [Fed: Rate call eyed for commodity direction – ABN AMRO — Octa](https://feedsoft.ai/events/58019-fed-rate-call-eyed-for-commodity-direction-abn-amro-octa.md) | +1.1% | -1.2% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/perspective-mid-day-commentary-for-august-25-2022-08-25/

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