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Commodities ended 2020 strongly, with Comex silver up 47.9% and copper on the London Metal Exchange up 27% for the year. Gains were driven by investors seeking a store of value amid heavy government spending and by optimism over COVID-19 vaccines and stimulus.
This is a year-end performance recap of metals, with no new supply or demand shock for feed ingredients, so its direct impact on feed prices is limited.
reuters.comNaveen ThukralDec 31, 2020Not 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.
