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The Bloomberg Commodity Index fell 1% last week after six weekly gains, driven by a stronger dollar after the ECB's comments on EURUSD near 1.20. Agriculture still rose, led by coffee, soybeans and wheat, on weather concerns and strong Chinese demand.
Soybean and wheat gains on weather and Chinese demand support feed input costs, while the stronger dollar is a headwind. This is a routine weekly wrap with no new single cause.
home.saxoOle HansenAug 28, 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.
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.
