# Commodities are buoyant but supply concerns are still a worry | articles | ING THINK

> ING reports that metals are near record highs, agricultural markets trade at multiyear highs, and oil has recovered strongly after the pandemic. Post-Covid restocking and Chinese stimulus support demand, though ING sees a cyclical uplift rather than a super-cycle.

- Date: 2021-05-06 · published 2021-05-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/7728-commodities-are-buoyant-but-supply-concerns-are-still-a-worry-articles-ing-think
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Strong demand recovery supports broad commodity prices including feed grains, but ING's cyclical view implies limited long-term upside once restocking ends.

## Read by commodity

- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-01 | [Are We Witnessing the Start of a New Commodities Supercycle?](https://feedsoft.ai/events/48022-are-we-witnessing-the-start-of-a-new-commodities-supercycle.md) | +0.1% | +17.6% |
| CORN | 2021-04-30 | [Inflationary Signs Are Everywhere In The Commodities Market \| Investing.com](https://feedsoft.ai/events/47516-inflationary-signs-are-everywhere-in-the-commodities-market-investing-com.md) | +5.0% | -2.1% |
| CORN | 2021-05-01 | [Why prices of commodities, from metals to food, are soaring](https://feedsoft.ai/events/11301-why-prices-of-commodities-from-metals-to-food-are-soaring.md) | +2.8% | -6.2% |
| CORN | 2020-01-27 | [Due to oil prices on the world market, the prices of all commodities are rising – Lider Media](https://feedsoft.ai/events/55169-due-to-oil-prices-on-the-world-market-the-prices-of-all-commodities-are-rising.md) | -1.2% | -1.8% |
| CORN | 2023-11-15 | [FX Daily: Dollar bears may have jumped the gun \| articles \| ING THINK](https://feedsoft.ai/events/10101-fx-daily-dollar-bears-may-have-jumped-the-gun-articles-ing-think.md) | -0.8% | -3.1% |
| SOY | 2021-04-01 | [Are We Witnessing the Start of a New Commodities Supercycle?](https://feedsoft.ai/events/48022-are-we-witnessing-the-start-of-a-new-commodities-supercycle.md) | -1.5% | +7.4% |
| SOY | 2021-04-30 | [Inflationary Signs Are Everywhere In The Commodities Market \| Investing.com](https://feedsoft.ai/events/47516-inflationary-signs-are-everywhere-in-the-commodities-market-investing-com.md) | +4.1% | -0.4% |
| SOY | 2023-11-15 | [FX Daily: Dollar bears may have jumped the gun \| articles \| ING THINK](https://feedsoft.ai/events/10101-fx-daily-dollar-bears-may-have-jumped-the-gun-articles-ing-think.md) | +0.6% | -4.5% |

## Sources

- think.ing.com: https://think.ing.com/articles/commodities-are-buoyant-but-supply-concerns-still-a-worry/

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