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Producers of metals, grains and other raw materials fell sharply as the U.S. dollar gained against rivals. Dollar-sensitive gold futures closed within 1.1% of their lows for the year.
A stronger dollar makes dollar-priced commodities more expensive for foreign buyers, which weighs on raw material prices broadly and can dampen export demand for feed grains.
marketwatch.comNov 3, 2026After 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.
After 69 past bearish macro events, Wheat (SRW) moved a median -0.5% over 5 sessions (35% higher; middle half -2.6% to +0.8%), and -0.7% over 20.
After 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.
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.
