# Monthly Commodity Insights – October 2020: Commodities wary for US elections | ABN AMRO

> ABN AMRO's October commodity outlook says a Biden presidency is the most likely outcome of the November US election and would likely strengthen the US economy. It expects US real rates to stay negative or decline in 2021, and sees the dollar supported near term before weakening.

- Date: 2020-10-21 · published 2020-10-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50557-monthly-commodity-insights-october-2020-commodities-wary-for-us-elections-abn
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected negative real rates and a weaker dollar into 2021 support dollar-denominated commodity prices, though near-term dollar strength could weigh on them first.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-01-22 | [Dynamics have changed for commodity markets \| ABN AMRO](https://feedsoft.ai/events/49065-dynamics-have-changed-for-commodity-markets-abn-amro.md) | +0.7% | +0.5% |
| DXY | 2024-08-30 | [Commodities sector eyes fourth weekly gain amid softer dollar and Fed expectations \| Saxo UK](https://feedsoft.ai/events/28685-commodities-sector-eyes-fourth-weekly-gain-amid-softer-dollar-and-fed.md) | +0.2% | -0.9% |
| DXY | 2017-08-24 | [The Assay - Why the FED’S actions are bullish for commodity prices](https://feedsoft.ai/events/69364-the-assay-why-the-fed-s-actions-are-bullish-for-commodity-prices.md) | -0.4% | -0.8% |
| DXY | 2020-09-22 | [FX Monthly September 2020: Dollar correction has not yet run its course \| Lombard Odier](https://feedsoft.ai/events/7699-fx-monthly-september-2020-dollar-correction-has-not-yet-run-its-course-lombard.md) | +1.1% | -1.0% |
| DXY | 2023-04-12 | [The Commodities Feed: All eyes on US CPI \| articles \| ING THINK](https://feedsoft.ai/events/36345-the-commodities-feed-all-eyes-on-us-cpi-articles-ing-think.md) | -0.4% | -0.6% |

## Sources

- abnamro.com: https://www.abnamro.com/research/en/our-research/monthly-commodity-insights-october-2020-commodities-wary-for-us-elections

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