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Democrats were projected to take control of both the House and Senate in the US midterms, with the House gaining about 25 seats so far. Initial market reactions focused on tech stocks and the risk of gridlock, but they moderated as the Nasdaq recovered and US 10-year yields stayed near 5%.
The euro rebounded to around 1.1260 and USD/JPY was near 158.
Gridlock could slow fiscal stimulus and affect the dollar, which in turn influences dollar-priced commodities. The current effect is a market reaction with no clear direct impact on feed supply or demand.
continuumeconomics.comBen LevettNov 4, 2026Not enough comparable past events yet for a historical read.
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.
