Loading…
Commodity markets fell in the week after the Fed's 50-basis-point hike, with corn down 3.5%, soybeans down 3.7% and rice down 2.8%. Precious and industrial metals also declined sharply, while Brent crude rose 5.8% after OPEC+ agreed to add 432,000 barrels per day in June.
Broad commodity selling after rate hikes pressures feed grain prices, while firm Brent crude reflects tight supply that keeps energy and transport costs elevated.
aa.com.trOvunc KutluMay 9, 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.
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.
