Producers of metals and other raw materials ticked up as traders digested the minutes of the Federal Reserve's latest meeting.
There were mixed messages from the Fed, with the focus still on inflation risks, but an acknowledgment that rate raises had to be weighed carefully, said one brokerage.
"The FOMC continues to see fighting inflation as a priority," said strategists at brokerage UBS.
"The minutes note rising concern that the [Fed] may over-tighten too."
The dollar rose sharply against other currencies as investors positioned themselves for more major rate hikes.
The stronger greenback weighed on the price of gold, grains and other commodities.
Wheat futures fell sharply as Ukrainian, Turkish and United Nations officials met to discuss progress reopening export routes on the Black Sea.
Meat processor Tyson Foods plans a $200 million outlay to expand and upgrade operations at its Amarillo, Texas beef plant, one of the largest in the U.S.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-18-22 1653ET
