Energy Chart Pack Oil prices to climb higher, despite recent setbacks Strong growth in industrial demand helped push up the prices of energy commodities used primarily in power generation last month, but oil prices slipped back. We continue to expect average energy... 12th April 2021 · 7 mins read
Commodities Weekly Mixed economic outlook poses a quandary for prices It was a relatively quiet week in commodities markets, with weakness in the US dollar giving agricultural commodities, in particular, a bit of a lift. We think markets could struggle to find a clear... 9th April 2021 · 6 mins read
Commodities Chart Pack Commodity prices to take a breather in the near term A rise in new coronavirus infections in many parts of the world, including Europe and India, weighed on investor sentiment in commodity markets in March. However, all the signs point to a rapid... 7th April 2021 · 7 mins read
Commodities Focus The anatomy of a supercycle History shows that supercycles are usually demand-driven, and that the performance of individual commodity prices has varied hugely both within and between past supercycles. In addition, supercycles... 17th March 2021 · 13 mins read
Commodities Update Little chance of a supercycle in agriculturals Agricultural prices are currently trading near multi-year highs, but we doubt that a supercycle is underway or will occur anytime soon. Instead, we think that agricultural prices will fall over both... 16th March 2021 · 3 mins read
Commodities Weekly Oil prices making up for lost time It was a relatively two-sided affair in commodities markets this week. On the one hand, oil prices rose on the back of greater-than-expected output restraint announced by OPEC+. And on the other hand... 5th March 2021 · 8 mins read
Commodities Chart Pack Investor optimism may prove short-lived Most commodity prices rose in February encouraged by falling COVID-19 infections and the vaccine rollout, which point to a recovery in economic activity and higher commodities demand later in the year... 1st March 2021 · 7 mins read
Commodities Watch Taking stock of China’s agricultural “buying spree” In this Commodities Watch, we consider the impact that the recent surge in Chinese agricultural commodity imports has had on prices and whether it will be sustained. In our view, the rapid growth in... 26th February 2021 · 6 mins read
Commodities Update US lumber prices to fall back from lofty heights We think that slower growth in US housing starts and increased supply will weigh on the price of US lumber over the coming quarters. That said, prices are likely to remain elevated relative to past... 12th February 2021 · 3 mins read
Commodities Update Animal feed consumption to increase Despite the ongoing economic uncertainty, we expect that global demand for meat and animal feeds, such as corn and soybeans, will rise over the next few years. 29th January 2021 · 3 mins read
Commodities Update Agricultural price rally to go into reverse by end-year We think that the surge in many agricultural commodity prices is somewhat overdone. Although ending stocks for the major grains and soybeans will be lower in the year ahead, they will still be... 15th January 2021 · 2 mins read
Commodities Weekly Saudi Arabia springs a surprise After a strong finish to 2020, most commodity prices built on their gains in the first week of January, as investor sentiment continued to prove supportive and Saudi Arabia announced that it would... 8th January 2021 · 7 mins read
Commodities Update Palm oil prices to go into reverse next year The price of palm oil has climbed resolutely since May, trading currently at a nine-year high of around MYR 3,800 per tonne. Nonetheless, we think that the price will fall in 2021, as supply... 23rd December 2020 · 3 mins read
India Chart Pack Cautious optimism as 2020 ends COVID-19 has ravaged India’s economy in 2020, and GDP is all but certain to have suffered its largest slump on record this year. But there are reasons for optimism as the year draws to a close... 23rd December 2020 · 9 mins read
Commodities Update Keeping a close eye on La Niña In the past, La Niña weather conditions in the Pacific Ocean have had a significant impact on agricultural crops and prices. In this Update we consider the risks that the development of La Niña over... 3rd November 2020 · 5 mins read
Japan Chart Pack Rising labour costs to prevent slump in inflation Inflation has held up better than we had anticipated in recent months. The surge in spare capacity suggests that it could weaken more sharply as social distancing measures are relaxed. But we only... 12th October 2020 · 10 mins read
