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Global equities posted a record closing high and a seventh straight monthly gain, while the dollar was little changed. Weak US consumer confidence and slowing China and Canada data pointed to softer growth ahead of the US jobs report.
Slower growth expectations can soften industrial demand for energy and metals and weigh on risk-sensitive commodities. The article has no direct feed-grain supply information.
nippon.comAug 31, 2021After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
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.
