News

Most benchmark prices increased over the past month. Open interest is shifting out of the May NY/ICE futures contract and into July.

Before Russia invaded Ukraine, inflation was already a creeping global concern. The outbreak of war in Europe caused extreme volatility in commodity markets, most notably those tied to energy and food markets.

Most benchmark prices decreased over the past month. The most actively traded May 2021 NY/ICE futures contract decreased from 124 to 118 cents/lb. over the past month.

With the invasion of Ukraine, the world suddenly became a different place. Along with the pandemic, shipping constraints, and inflation, the war represents yet another source of uncertainty and volatility.

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