
The US dollar was heading for its biggest weekly gain in two months, staying close to a 19-month high. Traders priced a roughly 92% chance of a 25-basis-point Fed hike next month after stronger-than-expected inflation data and hawkish Fed comments, while two-year Treasury yields rose about 32 basis points this week.
A stronger dollar and rising US yields make dollar-denominated feed commodities more expensive for importers and can weigh on US export competitiveness. The move is a meaningful macro driver for grain and oilseed 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.