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Commodities rose for a fourth straight week, with the sector up 9.3% over four weeks, supported mainly by energy. Brent neared $80 a barrel as markets awaited Israel's response to Iran, and distillate contracts gained as short sellers covered positions.
Energy-led strength across the commodity complex raises input costs for feed production, including fuel and fertilizer-linked costs. Oil strength supports vegetable oil and biofuel-linked prices, though short-term geopolitical moves may reverse.
home.saxoOle HansenOct 7, 2024Not 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.
