Loading…
The US dollar has gained about 8% this year against a basket of currencies. Traders are betting the Federal Reserve will raise interest rates faster and further than other developed-market central banks, and the dollar is also benefiting from its safe-haven status during market turbulence.
A stronger dollar makes US commodity exports more expensive for foreign buyers and tends to pressure dollar-denominated grain and meal prices. It also raises the cost of imported feed ingredients for buyers in weaker-currency countries.
reuters.comSaikat ChatterjeeApr 29, 2022After 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 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), 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.
