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The US Dollar Index fell 0.33% to 101.53 after the Democrats won the US midterm elections. CME FedWatch put the probability of a Federal Reserve rate hike of at least 25 basis points in December at 81.2%, up from 77.4%.
A weaker dollar tends to support dollar-priced grain and oilseed markets, while expectations of further Fed tightening could strengthen the dollar again and limit that support.
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.