# Commodity markets continue to plunge with Fed rate hike

> 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.

- Date: 2022-05-09 · published 2022-05-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41313-commodity-markets-continue-to-plunge-with-fed-rate-hike
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Rough Rice](https://feedsoft.ai/c/RICE.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Broad commodity selling after rate hikes pressures feed grain prices, while firm Brent crude reflects tight supply that keeps energy and transport costs elevated.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- RICE: bearish ▼
- BRENT: bullish ▲

## Sources

- aa.com.tr: https://aa.com.tr/en/economy/commodity-markets-continue-to-plunge-with-fed-rate-hike/2582738

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.