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US stocks rose and the dollar fell against the currencies of major US trading partners, hitting a one-month low on Wednesday. Investors moved into Treasuries as a haven from anticipated political gridlock in the rest of Trump's term, and the 10-year yield fell about 4.7 basis points to 4.918%.
A softer dollar and lower Treasury yields tend to support dollar-priced agricultural commodities by making them cheaper for foreign buyers. The move is a macro currency and rates effect rather than a direct change in feed supply or demand.
theguardian.comJoanna PartridgeNov 4, 2026After 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.
