# Commodity weekly | Saxo

> 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.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/51056-commodity-weekly-saxo
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/commodity-weekly-23102020

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