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Commodities were mixed in the week, with metals and oil weakening after Chinese official manufacturing PMI missed expectations. Concerns about the phase one trade deal resurfaced, and a strike at Chile's Escondida copper mine reduced output.
Doubts about the US-China deal and weaker Chinese factory data reduce demand expectations for industrial commodities. Copper supply disruption is a separate, supportive factor that does not directly affect feed.
ii.co.ukNov 1, 2019Not 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.
