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February saw iron ore rise nearly 8% while oil, gold and copper fell, and US Treasury yields climbed. The Australian dollar fell 4% against the US dollar, and WTI crude dropped to about $61.64 a barrel on rising US production and inventories.
Lower oil prices and a stronger dollar reduce biofuel and input cost support for oilseeds and grains, though the article focuses on industrial metals.
sharecafe.com.auGlenn DyerFeb 28, 2018Not 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.
