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Brent crude futures rose to about $85.45 a barrel, near their highest since October 2018, while WTI climbed to around $83.18. Gains were attributed to recovering COVID-era demand and power generators burning more oil.
Higher crude lifts diesel and freight costs for feed mills and raises the energy-linked cost of fertilizer and transport, pressuring feed prices.
reuters.comNoah BrowningOct 18, 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.
