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Commodities had a mixed week, with energy sellers dominating and crude oil and gold falling. Agriculture was supported by short covering and Chinese buying ahead of trade talks, while US natural gas fell as storage filled rapidly.
Record US gas production and rising storage point to weaker natural gas prices, which lowers the cost of energy inputs for grain drying and ethanol. Chinese purchases of US farm goods provide modest support for soy complex prices.
home.saxoOle HansenSep 27, 2019Not 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.
