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WTI crude futures fell to their lowest level since January after U.S. crude inventories unexpectedly surged. The drop added to concerns about slowing global growth.
Crude price weakness lowers energy costs for feed and biofuel inputs and can reduce biofuel-linked demand for soybean oil and corn, so price direction is bearish across these energy-linked commodities.
reuters.comJessica Resnick-AultJun 5, 2019Not 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.
