Loading…
Fed Chair Janet Yellen told Congress that waiting too long to raise rates would be unwise, lifting the dollar and Treasury yields. She signaled a March rate hike could be more likely than markets expected, though she said increases would be gradual.
Higher U.S. rates strengthen the dollar, which weighs on dollar-denominated grain and oilseed prices and can shift demand toward competing exporters.
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.