
The dollar held near a 19-month high and was on track for its best weekly gain in two months as bets on a larger Fed rate hike pushed US yields higher. The yen neared the 160 level that has triggered intervention concerns, and the euro hovered near its lowest level against the dollar since April 2025.
Rising US yields and a firm dollar weigh on dollar-priced grain, oilseed and meal exports, while a weaker yen and euro raise the cost of imports for Japanese and European feed buyers.
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.
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.
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.