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A weekly commodities report showed energy sharply lower, with WTI crude down over 10%, while grains were mixed with corn up 2.5% and soybeans down 0.8%. Precious and base metals also finished lower, and the Bloomberg Commodity Index fell 2.2%.
Sharp energy declines reduce biofuel and input cost support for vegetable oils and grains, while mixed grain performance shows limited directional pressure for feed buyers.
graniteshares.comNov 29, 2021Not 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.
