Gold fell more than 1% after Federal Reserve Governor Christopher Waller advocated a December rate increase, even if inflation data showed cooling, and said a larger hike could be considered if inflation worsened. Traders priced in a near-certain December increase ahead of the US consumer price report, while the dollar steadied and short-term Treasury yields rose.
Higher expected interest rates and a firmer dollar can weigh on non-yielding gold. The article does not indicate a direct supply or demand effect on feed or agricultural commodities.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), 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.