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The US dollar rallied against major currencies this week to its highest level since April 2026, after a hotter-than-expected October consumer price index reading. The 2-year Treasury yield rose nearly 30 basis points to 4.86% over the week, and markets now expect a quarter-point Fed rate hike in December.
Corn and soybean futures received support from a trio of flash sales and solid weekly export transactions.
A stronger dollar makes US grain and soymeal less competitive on world markets and can cap export demand, a headwind for feed-ingredient prices. Grain futures had been heavily oversold, so the dollar move is a key risk to any recovery.
profarmer.comBill WattsNov 13, 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.
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.
