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The dollar index rallied to a 1.5-year high after October CPI came in hotter than expected and several Fed members backed tighter policy. Markets priced a 100% chance of a 25-basis-point hike at the December 8-9 FOMC meeting.
The euro fell to a 1.5-year low against the dollar.
Rate hike expectations lift the dollar, which tends to pressure dollar-denominated grain, oilseed and meal prices while making US exports less competitive abroad. A weaker euro and yen also shift import competition for feed products.
barchart.comRich AsplundNov 11, 2026After 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.
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.
