Soft commodities from cocoa to cotton slipped and Paris wheat futures fell as worries about a new coronavirus variant fueled a selloff across financial markets.
Most commodities were under pressure on fears the variant identified in South Africa could hurt the global economic recovery. Cocoa fell as much as 3.1% in New York -- nearing a four-month low -- as U.S. markets reopened after the Thanksgiving holiday. Arabica coffee pulled back from a decade high and cotton dropped too.
"low" - Google News
November 26, 2021 at 06:33PM
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New Covid Variant Fears Send Cocoa Prices Down to Two-Week Low - Bloomberg
"low" - Google News
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