# Good times seen for commodities, but not yet a boom

> 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.

- Date: 2026-11-01 · published 2026-11-01T12:12:30.026Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/8938-good-times-seen-for-commodities-but-not-yet-a-boom
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar makes dollar-denominated commodities cheaper for foreign buyers, supporting grain and oilseed prices. Rogers' recession warning points to weaker demand ahead.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-01-21 | [Weakening Dollar Good News For Commodities - Passport to Wall Street](https://feedsoft.ai/events/54999-weakening-dollar-good-news-for-commodities-passport-to-wall-street.md) | +0.6% | +1.3% |
| DXY | 2017-03-16 | [Fed's cautious tone a reprieve for rate-sensitive sectors, commodities - The Business Times](https://feedsoft.ai/events/71923-fed-s-cautious-tone-a-reprieve-for-rate-sensitive-sectors-commodities-the.md) | -1.3% | -1.2% |
| DXY | 2024-09-19 | [Rate cut a plus for some commodities, but demand and supply forces will still be key - The Business Times](https://feedsoft.ai/events/28217-rate-cut-a-plus-for-some-commodities-but-demand-and-supply-forces-will-still-be.md) | -0.1% | +2.1% |
| DXY | 2020-07-27 | [Dollar’s weakness boosts rally in commodities and currencies - Gulf Times](https://feedsoft.ai/events/5318-dollar-s-weakness-boosts-rally-in-commodities-and-currencies-gulf-times.md) | -0.8% | -0.9% |
| DXY | 2024-06-29 | [The US Needs A Weak Currency, Which Will Be A Tailwind For Commodities](https://feedsoft.ai/events/29637-the-us-needs-a-weak-currency-which-will-be-a-tailwind-for-commodities.md) | -0.7% | -0.1% |
| CORN | 2021-05-01 | [Why prices of commodities, from metals to food, are soaring](https://feedsoft.ai/events/11301-why-prices-of-commodities-from-metals-to-food-are-soaring.md) | +2.8% | -6.2% |
| CORN | 2018-03-01 | [Commodities Continue to Look Bullish \| news.cqg.com](https://feedsoft.ai/events/65906-commodities-continue-to-look-bullish-news-cqg-com.md) | +0.8% | +1.3% |
| CORN | 2018-03-01 | [Corn, soy costs ‘as good as it gets,’ but for how long? \| WATTAgNet \| WATTPoultry.com](https://feedsoft.ai/events/66155-corn-soy-costs-as-good-as-it-gets-but-for-how-long-wattagnet-wattpoultry-com.md) | +0.8% | +1.3% |

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/article/good-times-seen-commodities-not-yet-boom

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.