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The dollar index fell 1.3% in July, its worst monthly showing since April, as soft June inflation data and concern over Fed inflation-fighting drove losses. The yen also strengthened after suspected Japanese intervention, and the Bank of Japan held rates steady.
A broad dollar decline tends to lift USD-priced agricultural and feed commodities by making them cheaper for buyers using other currencies.
After 1,637 past bearish macro events, DXY 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.