Materials Down on Flight from Risk -- Materials Roundup

Producers of metals and other raw materials producers fell as weak consumer data and rising interest rates spurred a flight from risk.

The dollar strengthened against rivals after Federal Reserve Bank of New York President John Williams said the U.S. central bank would weigh another large rate rise when it meets next month.

Grain futures recouped some of their recent losses, but remained far from recent peaks, with wheat trading more than 25% from levels in March.

Weather trends in the U.S., the European Union and other major producers have offset shortages of Ukrainian grain, easing shortages. War and extreme weather still imperil global food supplies, said Erik Fyrwald, chief executive of pesticide and seed maker Syngenta.

Write to Rob Curran at [e-mail]

(END) Dow Jones Newswires

06-28-22 1628ET