# Commodity weekly | Saxo

> The Bloomberg Commodity Index fell 1% last week after six weekly gains, driven by a stronger dollar after the ECB's comments on EURUSD near 1.20. Agriculture still rose, led by coffee, soybeans and wheat, on weather concerns and strong Chinese demand.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/51527-commodity-weekly-saxo
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Soybean and wheat gains on weather and Chinese demand support feed input costs, while the stronger dollar is a headwind. This is a routine weekly wrap with no new single cause.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲
- DIESEL: bearish ▼

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/commodity-weekly-04092020

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.