# WCU Commodities ride high as trade talks continue to dominate the agenda | Saxo

> Commodities rose for a second week as the Bloomberg Commodity Index hit a ten-week high on US-China trade optimism. Industrial metals, palladium and energy led gains, with OPEC+ production cuts supporting oil.

- Date: 2019-02-22 · published 2019-02-22T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/11848-wcu-commodities-ride-high-as-trade-talks-continue-to-dominate-the-agenda-saxo
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Hopes for a US-China trade deal and OPEC+ supply cuts support energy and broad commodity prices, which lifts diesel and input costs for feed producers.

## Read by commodity

- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-05-09 | [Market Talk \| Trade Optimism While Energy Prices Continue To Rally](https://feedsoft.ai/events/12546-market-talk-trade-optimism-while-energy-prices-continue-to-rally.md) | +2.9% | +7.0% |
| WTI | 2019-01-04 | [Oil prices rise on US-China trade talks and OPEC cuts](https://feedsoft.ai/events/10834-oil-prices-rise-on-us-china-trade-talks-and-opec-cuts.md) | +11.7% | +14.6% |
| WTI | 2019-01-09 | [Oil rises more than 2 pct on U.S.-China trade talk hope](https://feedsoft.ai/events/11168-oil-rises-more-than-2-pct-on-u-s-china-trade-talk-hope.md) | +4.5% | +8.1% |
| WTI | 2020-02-18 | [China takes steps to make good on trade deal](https://feedsoft.ai/events/54482-china-takes-steps-to-make-good-on-trade-deal.md) | -1.3% | -44.5% |
| WTI | 2025-05-12 | [Ebullient Over Trade Talks - ADM Investor Services](https://feedsoft.ai/events/12545-ebullient-over-trade-talks-adm-investor-services.md) | +2.4% | +6.2% |
| BRENT | 2019-01-04 | [Oil prices rise on US-China trade talks and OPEC cuts](https://feedsoft.ai/events/10834-oil-prices-rise-on-us-china-trade-talks-and-opec-cuts.md) | +11.9% | +13.9% |
| BRENT | 2019-01-09 | [Oil rises more than 2 pct on U.S.-China trade talk hope](https://feedsoft.ai/events/11168-oil-rises-more-than-2-pct-on-u-s-china-trade-talk-hope.md) | +3.2% | +6.9% |
| BRENT | 2025-05-12 | [Ebullient Over Trade Talks - ADM Investor Services](https://feedsoft.ai/events/12545-ebullient-over-trade-talks-adm-investor-services.md) | +1.9% | +5.9% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/wcu-commodities-ride-high-as-trade-talks-continue-to-dominate-the-agenda-22022019

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