Canada's 10-year government bond yield rose 1.7 basis points to 3.770% on Tuesday, tracking higher US Treasury yields ahead of the midterm elections. The two-year yield slipped 0.4 basis points to 3.268%.
Oil rebounded after reports of a US strike on Iran's Qeshm Island.
Higher long-dated yields raise financing costs for farmers and feed mills, and a firmer dollar can pressure commodity prices. The move is small, so its effect on feed prices is limited.
After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.