# Commodities: USD strength and hawkish Fed resulted in prices fall - ANZ — Octa

> ANZ reported that commodity prices fell broadly as USD strength and hawkish Fed comments weighed on markets. WTI crude slid 1.9% to a 10-month low, copper fell 1%, and corn, soybeans and coffee declined on larger stockpiles while wheat was flat.

- Date: 2017-06-21 · published 2017-06-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70402-commodities-usd-strength-and-hawkish-fed-resulted-in-prices-fall-anz-octa
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger dollar and larger corn and soybean stocks point to softer feed grain and soymeal prices, while lower crude weakens energy costs and biofuel margins.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/456348/

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