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Shares of commodity producers dipped after Fed minutes from the November 1 meeting pointed to a rate increase in the near term. Officials were seen as preparing for a December move.
Expected rate increases tend to strengthen the dollar, which can weigh on raw-material prices. The effect on feed commodities is indirect and modest.
foxbusiness.comDow Jones NewswiresNov 22, 2017After 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.
