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Euromonitor's Q2 2024 outlook says many commodity prices eased year-on-year in early 2024 as demand softened and crop supply was adequate. It expects global commodity prices to trend lower this year, with geopolitical and weather risks adding upward pressure.
A broad outlook for softer commodity prices with geopolitical and weather upside risks gives feed buyers a backdrop of modest price pressure and volatility.
euromonitor.comAleksandra SvidlerMay 30, 2024After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.
