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US stocks recovered after Nvidia-related volatility while the dollar climbed with US yields. The benchmark 10-year yield reached a three-week high and the dollar was on track for its biggest weekly gain in more than a month, at 0.9%.
A firmer dollar driven by rising yields raises the cost of dollar-priced grain and oilseed imports for foreign feed buyers, a modest bearish pressure on commodity 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.
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.