# Goldman Sachs: Commodities bull market ahead on dollar, inflation risk

> Goldman Sachs forecasts a commodities bull market in 2021, projecting a 12-month return of 30% on the S&P GSCI. It recommends long positions in silver, copper, gold, US natural gas, Brent and jet fuel, citing tight supply, Chinese demand and adverse weather.

- Date: 2020-10-22 · published 2020-10-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Bank forecasts of a broad commodities rally driven by a weaker dollar and inflation expectations can attract fund inflows that lift futures prices, including agricultural markets.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲
- BRENT: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-30 | [Inflationary Signs Are Everywhere In The Commodities Market \| Investing.com](https://feedsoft.ai/events/47516-inflationary-signs-are-everywhere-in-the-commodities-market-investing-com.md) | +5.0% | -2.1% |
| CORN | 2019-04-15 | [Grain commodities: Looking back and ahead - SA Grain](https://feedsoft.ai/events/59715-grain-commodities-looking-back-and-ahead-sa-grain.md) | +0.4% | -2.5% |
| CORN | 2020-01-27 | [Due to oil prices on the world market, the prices of all commodities are rising – Lider Media](https://feedsoft.ai/events/55169-due-to-oil-prices-on-the-world-market-the-prices-of-all-commodities-are-rising.md) | -1.2% | -1.8% |
| CORN | 2017-02-03 | [LIVESTOCK MARKETS: Commodity bubble to start inflating](https://feedsoft.ai/events/72614-livestock-markets-commodity-bubble-to-start-inflating.md) | -1.2% | +0.6% |
| CORN | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +5.0% | -2.1% |
| SOY | 2021-04-30 | [Inflationary Signs Are Everywhere In The Commodities Market \| Investing.com](https://feedsoft.ai/events/47516-inflationary-signs-are-everywhere-in-the-commodities-market-investing-com.md) | +4.1% | -0.4% |
| SOY | 2019-04-15 | [Grain commodities: Looking back and ahead - SA Grain](https://feedsoft.ai/events/59715-grain-commodities-looking-back-and-ahead-sa-grain.md) | -2.0% | -11.6% |
| SOY | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +4.1% | -0.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/10/22/goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.html

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