
Hot U.S. inflation for a third consecutive month and hawkish comments from Fed Governor Chris Waller lifted short-dated Treasury yields and flattened the 2–10-year curve. The dollar traded near its year-to-date highs as markets considered the prospect of further rate hikes.
A stronger dollar can make dollar-priced agricultural commodities more expensive for overseas buyers, potentially weighing on demand and prices. Higher interest rates may also restrain broader economic activity.
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.