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Commodities generally finished higher in the week to July 28 as the US dollar weakened. Oil rose about 8% on renewed OPEC production-curb commitments and supply problems in Venezuela and Nigeria, while wheat futures eased despite worsening drought in Europe, northern US and parts of Australia.
Wheat declining despite drought suggests the market is discounting supply risk, which weighs on feed grain costs. Higher crude prices raise energy and freight costs for feed producers.
sharecafe.com.auGlenn DyerJul 30, 2017Not 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.
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.
