
The US dollar index climbed to 103.41, a 19-month high, and was on track for its strongest week since mid-September. The rally followed a strong October jobs report with 165k payrolls and hotter-than-expected CPI, which lifted expectations of a Fed rate hike.
The dollar index gained 1.1% for the week.
A stronger dollar and rising US rate expectations make dollar-denominated grain and oilseed purchases more expensive for importers, which can soften export demand and pressure US feed commodity prices.
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.