Commodity price trends remain mixed in the short term
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Over the past month, the CRB commodity index rose by almost 2%, which was mainly due to the price gains in oil and gas. Going forward, higher geopolitical tensions could potentially push prices higher. Industrial metal prices remained soft, while precious metal prices lost ground.
Agricultural prices were mixed. Grains markets reacted swiftly to trade war news, while soft commodity is managed to show some mild price gains on supply deficits and Brazilian real weakness.