# Commodity Prices Soar: Fed's Powell to Offer Reassurance

> Commodity prices rose to new highs on February 23 as optimism about the economic recovery grew and investors expected Powell to reassure markets. Bond yields eased and equities steadied, with commodity-heavy stocks gaining in Asia.

- Date: 2021-02-23 · published 2021-02-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48547-commodity-prices-soar-fed-and-039-s-powell-to-offer-reassurance
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stronger commodity sentiment and easing yields support raw material prices, though gains tied to risk sentiment can reverse quickly if rates rise.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/commodities-rally-stocks-steady-yields-off-highs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.