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ANZ reported that commodity prices fell broadly as USD strength and hawkish Fed comments weighed on markets. WTI crude slid 1.9% to a 10-month low, copper fell 1%, and corn, soybeans and coffee declined on larger stockpiles while wheat was flat.
Stronger dollar and larger corn and soybean stocks point to softer feed grain and soymeal prices, while lower crude weakens energy costs and biofuel margins.
octaafrica.netJun 21, 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.
