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Iron ore futures rose toward the end of September on Chinese stimulus and construction activity, with the October Singapore benchmark up 1.5% to $97.05 per tonne. Coal prices stayed near historic highs as energy crises pushed economies toward coal, and Chicago wheat futures fell below their September 22 three-month high of $9 on a strong dollar and supply expectations.
Firmer iron ore and coal demand supports dry bulk freight rates, while the wheat decline reflects a stronger dollar and weaker export demand that may pressure grain prices.
breakwaveadvisors.comSignal OceanSep 30, 2022Not 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.
