30.10.2012 - Commodity prices expected to ease – Capital Economics
According to Capital Economics, commodity prices are likely to remain under downward pressure in the months ahead. “In particular, by the end of next year we expect the price of Brent crude oil to have dropped back to around $85 per barrel and that of copper to $6,000 per tonne,” says CE. It also noted that grain prices should continue their recent correction, and that corn and soybeans are dropping; “we expect wheat prices to drop back as well,” was said in a research note. “In summary, higher food price inflation should not be a concern for long.”..............................................Full Article: Source
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