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US Federal Reserve chair Jerome Powell said the Fed would be patient on raising interest rates, which weakened the US dollar index, down 0.52% year-to-date to 95.67. The Bloomberg Commodity Index rose 3.8% year-to-date to 79.66.
Jim Rogers said another commodity boom is unlikely soon and warned of a coming recession.
A weaker dollar makes dollar-denominated commodities cheaper for foreign buyers, supporting grain and oilseed prices. Rogers' recession warning points to weaker demand ahead.
theedgemalaysia.comNov 1, 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.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% 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.
