
The US dollar index fell 0.3% to 101.4 on Wednesday as investors reassessed US fiscal spending, growth and tech regulation after Democrats secured majorities in both chambers of Congress. The euro rose 0.5% to $1.1249 and the yen gained 0.7% to 157.63 per dollar.
Expectations of tighter constraints on fiscal policy weaken the dollar, which supports dollar-priced commodities and can ease import costs for feed buyers in local-currency terms. The move is a currency and macro reaction with no direct crop supply change.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.