Commodities Set for Biggest Drop Since March as Farm Goods Slump
- U.S.-China trade tensions raise concern over crop demand
- Crude oil’s drop damps outlook for inflationary environment
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Commodities headed for the biggest loss since March, with agricultural products pacing the declines amid concern that the U.S.-China trade spat could cut demand for farm goods.
The Bloomberg Commodity Index, which tracks returns for 22 components, fell 1 percent to 89.557 at 1:36 p.m. New York time and is set for the largest retreat since March 7. Raw sugar led the drop, falling as much as 5.3 percent. Wheat and corn were the next biggest losers.