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The dollar had its deepest one-day drop since last year's tariff rollout after Trump said he didn't think the currency had weakened excessively. Bloomberg's dollar gauge fell as much as 1.2% in the session.
A sharp drop in the dollar lifts dollar-priced commodities and improves US export competitiveness, which can support feed grain and meal prices.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.