Is there any correlation between wheat and CPI or USD? #ChartOfTheDay

Let’s take a look into a wheat market. Is there a chance to have a correlation between wheat and either the US Consumer Price Index (CPI) or the US #dollar? Check those charts and find out! This article is part #ChartOfTheDay series.

First: wheat and CPI:

CPI & wheat futures (Nov 2017 – Nov 2022); source: Reuters Eikon

Second: wheat and US dollar index!

DXY (US dollar index) & wheat futures (Dec 2020 – Nov 2022); source: Reuters Eikon