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USD/CHF rose nearly 1% to a four-week high and the Dollar Index reached 102.96, above its October yearly high. October US CPI rose 0.4% month on month, above the 0.3% forecast, and core CPI rose 0.3%.
A firmer dollar on hawkish Fed expectations weighs on dollar-denominated grain and meal prices by lifting import costs for foreign buyers. The impact on feed prices is a modest headwind.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.