Investing.com's weekly FX review says the broad US dollar has gone nowhere in October despite firm US growth and higher energy prices. The euro has weakened on its own fiscal and political problems, while the yen is gaining interest as a potential safe haven.
A flat dollar and firmer yen or AUD, supported by energy-driven terms of trade, shift the cost of US-priced feed inputs for importers in those currencies. The effect on grain prices is indirect and limited.
Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.