Don't Expect a Big Commodity Shakeup Next Year, World Bank Says
- Prices for many raw materials seen rising incrementally in ’18
- Oil futures may reach $56/barrel versus $53 average this year
A truck hauls a load of corn between grain bins on a farm during harvest in Walnut, Illinois, U.S., on Monday, Oct. 9, 2017.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
If you’re trading commodities next year: look for small upticks in oil and crops. But overall, raw-material prices may get stuck in a bit of a lull.
That’s according to a report issued Thursday by analysts for the Washington-based World Bank. The bank forecasts an index of energy products to climb 4 percent in 2018, while agricultural goods rise 1.2 percent and metals and minerals drop about 0.7 percent.