Opening Statement from the November 2021 CCPM Forecaster

Opening Statement from the November 2021 CCPM Forecaster

Originally published on November 1, 2021 (pre-market release)

Overview

While commodities pricing is generally down over the past month, we cannot forget how much they have rallied over the past 12 months. Higher inflation combined with rising treasury yields and supply chain bottlenecks are likely to keep most commodity prices high over the next several months as the economic recovery progresses.

Although crude oil pricing has mounted a tremendous rally...