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Commodity prices hit their highest level in almost a decade, with a key index up 70% from March 2020 lows. Soybeans are up about 50%, corn over 40%, and copper and oil around 30% this year, driven by supply disruptions in steel, Chilean copper ports, transport and weather.
Soybean and corn strength reflects tight supply and strong post-pandemic demand, raising feed costs for buyers; the eurozone growth outlook could add further demand.
finimize.comFinimize AnalystsMay 6, 2021Not 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.
