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A broad commodity decline dragged European equities lower and Bloomberg's commodity index fell to its lowest in over a year as copper dropped and oil fluctuated. The dollar advanced after the Fed raised rates for the second time in 2017 and kept a hike projected for later this year.
A multi-year low in the broad commodity index and a firmer dollar signal weaker raw material prices, which feeds through to lower grain and oilseed values and cheaper energy inputs for feed producers.
moneyweb.co.zaGarfield Reynolds, Samuel PotterJun 15, 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.
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.
