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Euro zone producer prices rose 1.0% month on month in April and 7.6% year on year, above economist forecasts. Energy prices drove the year-on-year gain, with energy up 20.4% against April 2020.
Rising European input costs, particularly energy, raise the cost of fertilizer, transport and processing, which can support feed prices and European demand for imported feed ingredients.
reuters.comJun 2, 2021After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
