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The dollar has gained 3% since September 9 on expected Fed rate hikes and higher U.S. yields. Net long positions of FX traders have reached their highest level in 10 years, and energy-related dollar demand is cited as a further support.
A firmer dollar, driven by rate expectations and energy-related dollar demand, tends to pressure dollar-priced grains, oilseeds and meals while raising import costs for feed buyers in other currencies.
realeconomy.rsmus.comJoseph BrusuelasNov 3, 2026After 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 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% 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.
