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The World Bank's Pink Sheet reported that energy prices fell 5.1% in September, led by a 6.5% drop in crude oil. Non-energy prices rose 2.4%, with agricultural prices up 2.7%, led by oils and meals (+6.9%) and grains (+4.3%).
Fertilizer prices gained 1.2% and metals rose 2%, while precious metals fell 2.8%.
The monthly rise in food and grain prices, led by oils, meals and grains, signals firmer feed input costs, while lower crude oil weighs on energy-linked costs and biofuel economics.
blogs.worldbank.orgJohn Baffes, Maria Hazel MacadangdangOct 6, 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.
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.
