The dollar rose against most currencies after October US consumer prices rose more than expected and hawkish Fed comments lifted bets on a December rate hike. The dollar index hit a four-week high near 102.5.
The yen neared the 160-per-dollar level.
A firmer dollar and higher US rate expectations make dollar-priced feed ingredients more expensive for importers and tend to pressure grain and oilseed prices. Stronger US yields also raise financing costs for the trade.
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.