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The dollar was on track for its biggest weekly decline in four months ahead of a Federal Reserve decision. Analysts said the currency looked cheap after the drop.
A weaker dollar tends to support US commodity prices in global markets and makes US exports more competitive, which is mildly supportive for corn, soybeans and meal.
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.