The dollar index rose to a 1.5-year high as stronger-than-expected U.S. CPI and hawkish Fed comments boosted expectations for a December rate hike. A 2% rise in WTI crude also lifted inflation expectations, while the euro and yen weakened against the dollar.
A stronger dollar can raise the local-currency cost of imported feed commodities, while higher crude prices can increase energy and transport costs. Neither move signals a direct change in agricultural supply or demand.
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.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.