# Commodity Markets Outlook October 2021

> The World Bank's October 2021 Commodity Markets Outlook forecasts energy prices to average more than 80% higher in 2021 than in 2020. It expects energy to stay high in 2022 and begin declining in the second half of the year, while non-energy prices, including agriculture, are projected to fall in 2022. The report also warns of food security impacts in some countries.

- Date: 2021-10-21 · published 2021-10-21T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11753-commodity-markets-outlook-october-2021
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The forecast of lower agricultural prices in 2022 points to easing pressure on grain and feed markets, while elevated energy costs continue to raise production and freight expenses in the near term.

## Read by commodity

- WTI: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-10-16 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/62749-eia-short-term-energy-outlook-fuels-market-news.md) | -2.5% | +19.1% |
| NATGAS | 2021-05-01 | [Gas Market Report, Q2-2021 – Analysis](https://feedsoft.ai/events/47782-gas-market-report-q2-2021-analysis.md) | +1.2% | +1.8% |
| NATGAS | 2024-04-29 | [LNG short-term outlook: April 2024 Report \| Wood Mackenzie](https://feedsoft.ai/events/9868-lng-short-term-outlook-april-2024-report-wood-mackenzie.md) | +25.8% | +57.3% |
| NATGAS | 2019-02-06 | [Signposts for the gas outlook - IEA](https://feedsoft.ai/events/60784-signposts-for-the-gas-outlook-iea.md) | +3.8% | +15.6% |
| NATGAS | 2024-02-08 | [China Demand, Panama Canal Constraints Forecast to Drive LNG Market Volatility in 2024](https://feedsoft.ai/events/31848-china-demand-panama-canal-constraints-forecast-to-drive-lng-market-volatility.md) | -20.2% | -13.8% |
| WTI | 2021-03-17 | [Oil Market Report - March 2021 - IEA](https://feedsoft.ai/events/6203-oil-market-report-march-2021-iea.md) | -10.9% | -2.6% |
| WTI | 2017-10-17 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/68641-eia-short-term-energy-outlook-fuels-market-news.md) | +0.1% | +9.5% |
| WTI | 2024-03-14 | [Oil prices climb as revised IEA outlook signals tighter market \| Reuters](https://feedsoft.ai/events/31368-oil-prices-climb-as-revised-iea-outlook-signals-tighter-market-reuters.md) | +2.6% | +6.4% |

## Sources

- worldbank.org: https://www.worldbank.org/en/news/press-release/2021/10/21/soaring-energy-prices-pose-inflation-risks-as-supply-constraints-persist

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