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Energy prices rose sharply in the week ending February 5, with natural gas up about 12% and WTI crude up nearly 9%. Most grain prices fell, with Chicago and Kansas wheat down 3.3% and 2%, while corn rose 0.3% and soybeans lost about half a percent.
Higher energy costs raise input and transport costs for feed, while lower wheat prices ease feed-grain costs. The report describes routine weekly moves rather than a new supply shock.
graniteshares.comFeb 8, 2021Not 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.
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.
Weekly report confirms Chicago wheat fell 3.3% in the week to Feb 5, matching the move window and showing wheat lagging other grains.
