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Global food price worries are easing as cooking oils, wheat and corn fall to their lowest levels in months. Physical supplies are increasing and investors are cutting bullish futures bets.
Lower grain and oilseed futures reduce input costs for feed manufacturers, though the decline is driven by fund liquidation and supply rather than a new shock. Buyers should expect softer prices to continue while positioning unwinds.
bloomberg.comSing Yee Ong, James PooleJul 6, 2022
straitstimes.comJul 6, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Easing food inflation worries, growing physical supplies and investors cutting bullish futures bets reflect the sentiment and positioning shift that pushed wheat lower.
Broad selloff in cooking oils and grains with rising physical supplies and fund liquidation reflects the wider commodity sentiment shift weighing on palm.
