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The Bloomberg Dollar Spot Index fell 2.3% on a closing basis, its biggest weekly decline since November 2022. Speculative traders, including hedge funds, are the least bullish on the dollar, according to Commodity Futures Trading Commission positioning data through March 4.
A weaker dollar makes dollar-priced commodities cheaper for foreign buyers, which tends to support soybean meal, corn and other grain export prices. Bearish dollar positioning suggests continued support for feed commodity prices in the near term.
bloomberg.comAnya Andrianova, Carter JohnsonMar 7, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Describes the dollar's worst week since 2022 and bearish speculator positioning, which amplified the move, though it largely restates it.
