# Weekly Commodity Update | Saxo

> 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.

- Date: 2019-09-27 · published 2019-09-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56971-weekly-commodity-update-saxo
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲
- WTI: bearish ▼
- NATGAS: bearish ▼

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/weekly-commodity-update-27092019

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.