# Softer US Dollar Help Commodities - Sharecafe

> Commodities generally finished higher in the week to July 28 as the US dollar weakened. Oil rose about 8% on renewed OPEC production-curb commitments and supply problems in Venezuela and Nigeria, while wheat futures eased despite worsening drought in Europe, northern US and parts of Australia.

- Date: 2017-07-30 · published 2017-07-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/69897-softer-us-dollar-help-commodities-sharecafe
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Wheat declining despite drought suggests the market is discounting supply risk, which weighs on feed grain costs. Higher crude prices raise energy and freight costs for feed producers.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲
- WHEAT: bearish ▼

## Sources

- sharecafe.com.au: https://www.sharecafe.com.au/2017/07/31/softer-us-dollar-help-commodities/

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