Indonesia's Trade Minister Budi Santoso said a stronger US dollar could push up import prices for commodities such as soybeans and cooking oil. The government plans to strengthen inter-regional food distribution to balance supply, and chili prices have risen after weather-related harvest losses.
A firmer dollar raises the local cost of dollar-priced soybean and palm oil imports into Indonesia, which can squeeze feed and food margins there.
After 123 past bullish macro events, SOY moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.
After 28 past bullish macro events, SBO moved a median -1.2% over 5 sessions (32% higher; middle half -2.1% to +1.8%), and -2.3% over 20.
After 2,356 past bullish macro events, DXY 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.