
The dollar gained 4.4 percent in 2018, its best year since 2015, as strong US growth let the Fed raise rates repeatedly. Other developed economies struggled with weaker momentum, and their central banks are now pausing or softening tightening plans.
A firm dollar tends to pressure dollar-denominated grain and oilseed prices and makes US feed exports less competitive abroad. Divergent central bank paths keep currency moves in play for feed trade flows.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.