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Saxo's weekly commodity review says the Bloomberg Commodity Index was up about 4% so far in October, outperforming the S&P 500. Grains led the gains on weather concerns and strong demand.
The review expects higher commodity prices in 2021 regardless of the U.S. election outcome.
Strong grain demand and weather risk support corn and soybean prices, which raises the cost of feed inputs. A weaker dollar and reflationary positioning add further support to commodities.
home.saxoOle HansenSep 25, 2020Not 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.
