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Currencies, bonds and metals reacted sharply to Donald Trump's election victory, with the US dollar strengthening and the Mexican peso hit hardest. Analysts expect Trump's proposed tax cuts and infrastructure spending to widen the US budget deficit and support the dollar.
A stronger dollar tends to pressure US commodity prices in export markets, and the expected fiscal stimulus underpins dollar strength that weighs on dollar-denominated grain and meal prices.
cmegroup.comDec 8, 2016After 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 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.
After 117 past bearish macro events, Soybean Meal moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), 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.
