# No bull market ahead for commodities, Wells Fargo says

> Wells Fargo says commodities are unlikely to enter a bull market, expecting oversupply and range-bound prices over the next five to ten years. The bank notes that commodity investment assets reached $311 billion at end-2017.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/66409-no-bull-market-ahead-for-commodities-wells-fargo-says
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A bearish multi-year outlook on commodities caps the upside case for feed grain and oilseed prices despite a weaker dollar.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-18 | [Goldman’s Currie Says Buy Commodities Dip, Bull Case Intact - Bloomberg](https://feedsoft.ai/events/5759-goldman-s-currie-says-buy-commodities-dip-bull-case-intact-bloomberg.md) | +0.3% | -5.2% |
| CORN | 2022-06-20 | [Selling trend picks up in commodity markets](https://feedsoft.ai/events/40852-selling-trend-picks-up-in-commodity-markets.md) | -3.7% | -11.8% |
| CORN | 2020-03-20 | [Commodity weekly \| Saxo](https://feedsoft.ai/events/7426-commodity-weekly-saxo.md) | -0.6% | -3.1% |
| CORN | 2021-06-18 | [Explained: What spurred the global commodity market sell-off? - CNBC TV18](https://feedsoft.ai/events/5760-explained-what-spurred-the-global-commodity-market-sell-off-cnbc-tv18.md) | +0.3% | -5.2% |
| CORN | 2020-03-24 | [Commodities Report Hensall Co-op](https://feedsoft.ai/events/6174-commodities-report-hensall-co-op.md) | +6.1% | -4.7% |
| SOY | 2021-06-18 | [Goldman’s Currie Says Buy Commodities Dip, Bull Case Intact - Bloomberg](https://feedsoft.ai/events/5759-goldman-s-currie-says-buy-commodities-dip-bull-case-intact-bloomberg.md) | +3.1% | +9.4% |
| SOY | 2025-02-19 | [Weekly Commodity Market Update \| Knox County Agricultural News](https://feedsoft.ai/events/26112-weekly-commodity-market-update-knox-county-agricultural-news.md) | -0.7% | -2.5% |
| SOY | 2021-06-18 | [Explained: What spurred the global commodity market sell-off? - CNBC TV18](https://feedsoft.ai/events/5760-explained-what-spurred-the-global-commodity-market-sell-off-cnbc-tv18.md) | +3.1% | +9.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/02/01/no-bull-market-ahead-for-commodities-wells-fargo-says.html

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