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Commodities rallied after the US election as the dollar fell, with strong gains in metals and agriculture. Chicago soybeans reached a four-year high, and the FAO food price index rose 3.1% month on month in October, led by sugar, dairy, cereals and vegetable oils.
A weaker dollar and firm demand from China, alongside dry weather in key producing regions, support grain and oilseed prices and point to rising feed costs.
thearabianpost.comTAP StaffNov 8, 2020Not 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.
