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The S&P Global daily market summary for 2 June 2020 reports global equities closing higher and credit indices tightening across investment grade and high yield. Brent and WTI oil ended the day higher, both within reach of $40 per barrel.
The note also covers power demand in the Americas, which is 4-6% lower year to date due to mild weather and COVID-19 impacts.
This is a routine market wrap with no new supply or demand shock for feed ingredients, though higher crude supports biofuel economics and soybean oil and corn ethanol margins.
spglobal.comJun 2, 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.
