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A CQG commentary states the dollar index fell to its lowest level since 2014 in February while US rates rose on inflation fears. The author argues commodities look bullish into March as a weak dollar supports raw materials.
A weaker dollar and inflation-driven commodity demand support grain and oilseed prices, though the piece is analytical opinion without a new supply event.
news.cqg.comAndy HechtMar 1, 2018After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), 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.
