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ING's daily commodities roundup says oil moved mainly with equities, with little fundamental news. Base metals rallied after Chinese industrial profit data, and Vale halted its Viga concentrate plant in Brazil after a court order.
Energy and metals moves here have little direct bearing on feed grain or protein prices, so the effect on feed markets is minimal.
think.ing.comWarren PattersonSep 29, 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.
