# Falling commodity prices stoke fear of global recession

> Falling wheat and energy prices have raised concern about a global recession after food prices surged earlier. The World Bank expects commodity prices to fall 21% in 2023 year on year, and its deputy chief economist said slower growth rather than a looming recession is driving the decline.

- Date: 2023-06-09 · published 2023-06-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/6884-falling-commodity-prices-stoke-fear-of-global-recession
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Broad commodity price declines and weaker global growth expectations point to softer grain and energy input costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-07 | [The recent commodity sell-off](https://feedsoft.ai/events/5055-the-recent-commodity-sell-off.md) | -5.1% | -4.3% |
| WHEAT | 2020-03-12 | [Fear is the price killer in commodity markets - Manitoba Co-operator](https://feedsoft.ai/events/8373-fear-is-the-price-killer-in-commodity-markets-manitoba-co-operator.md) | -4.3% | -5.8% |
| WHEAT | 2022-01-28 | [Hawkish Fed a headwind for commodity prices \| Capital Economics](https://feedsoft.ai/events/43044-hawkish-fed-a-headwind-for-commodity-prices-capital-economics.md) | -1.8% | +2.3% |
| WHEAT | 2022-12-05 | [Recession fears spur wheat cuts – The Seam](https://feedsoft.ai/events/6647-recession-fears-spur-wheat-cuts-the-seam.md) | -9.5% | -0.8% |
| WHEAT | 2022-06-20 | [Selling trend picks up in commodity markets](https://feedsoft.ai/events/40852-selling-trend-picks-up-in-commodity-markets.md) | -2.9% | -14.0% |
| WTI | 2019-08-21 | [Weekly Pricing Pulse: Recession worries undercut commodity prices](https://feedsoft.ai/events/57752-weekly-pricing-pulse-recession-worries-undercut-commodity-prices.md) | -2.2% | +5.4% |
| WTI | 2024-07-19 | [Commodity prices falling for very different reasons - PricePedia](https://feedsoft.ai/events/4977-commodity-prices-falling-for-very-different-reasons-pricepedia.md) | -5.6% | -5.4% |
| WTI | 2022-07-06 | [Oil slides 2% to 12-week low on fears of global recession](https://feedsoft.ai/events/12613-oil-slides-2-to-12-week-low-on-fears-of-global-recession.md) | -3.8% | -4.6% |

## Sources

- dw.com: https://www.dw.com/en/global-recession-could-be-stoked-by-falling-commodity-prices/a-65863457

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