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Oil and gas rose 50% to 60% in the first half of 2022, and wheat and corn gained 20% to 30%. Copper has fallen nearly 20% since March, its biggest quarterly drop, as recession worries build.
BofA estimates commodities are on course for their best year since 1915.
Strong H1 grain and energy gains raised feed costs, but mounting recession angst signals a downside risk to prices heading into the second half.
reuters.comMarc JonesJun 30, 2022Not enough comparable past events yet for a historical read.
Not 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.
