CQG News | Q4 2021 is in the Books: Winners & Losers in Q4 - Highlight on Lumber and Natural Gas
Summary
Ethanol, the biofuel, was the third-leading market, posting an 18.23% price increase since September 30, 2021, as US energy policy favors alternative and renewable fuels. The biggest loser in the composite for the quarter was the natural gas futures market that fell 36.42% after the price rose to a multi-year high at $6.466 per MMBtu in October before turning lower. Animal proteins moved 4.73% higher in the fourth quarter as cattle gains were greater than losses in the hog futures market. At the end of 2022, lumber’s price action was telling is three things: • The robust demand for new homes is likely to continue as buyers rush to make purchases before interest rates move appreciably higher. Higher taxes and rising interest rates that slow or reverse economic growth will likely cause the current administration to lose majorities in the house of representatives and Senate in the 2022 mid-term elections.
Classifications
AskAI Classifications
LabelsLinked Companies
