
The euro slipped to an 11-day low against the dollar on January 30 after German consumer inflation came in at 1.9% for January, slightly below the 2% forecast. The dollar index rose half a percent to above 101 amid the euro's decline.
A stronger dollar lowers the dollar value of US grain and oilseed exports priced in dollars, which can weigh on US futures, while a softer euro makes EU-origin feed relatively cheaper.
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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.