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A Reuters piece says large US and Brazil harvests and slower Chinese demand eased crop shortage fears in commodities. It covers sugar, coffee and Brazilian crop prospects, with sugar prices having hit a 4.5-year peak in October.
Ample supply and softer Chinese demand point to lower pressure on grain and oilseed prices, though the article is mainly about softs rather than feed ingredients.
reuters.comMark WeinraubNov 8, 2021Not 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.
