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US CPI rose 5.0% year-over-year in March 2023, down from 6.0% in February, while core inflation rose to 5.6%. The article notes that recent OPEC production cuts pushed energy prices higher in April.
Higher energy prices from OPEC cuts raise input and freight costs for feed and livestock producers. Persistent core inflation may keep monetary policy tight and weigh on commodity demand.
iowafarmbureau.comAaron Gerdts, Research Analyst, Decision Innovation SolutionsApr 17, 2023After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
