Commodities Weekly Fed’s apparent “dovishness” cheers the markets Commodities have benefited in the past week from a continued improvement in investor sentiment, helped by a relatively dovish statement from the US central bank which weakened the dollar further... 18th March 2016 · 1 min read
Commodities Update Rally in soybean prices unlikely to be sustained With a big Brazilian harvest now under way amidst large global stocks and strong competition in export markets, we think the US price of soybeans is more likely to fall than rise further this year. 18th March 2016 · 1 min read
Commodities Update Investors remain bearish, despite rising prices Surging prices of a number of agricultural commodities since the middle of last month, helped by a weaker US dollar, pushed the S&P GSCI Agriculture index up by a little over 4%. Furthermore, the... 16th March 2016 · 1 min read
Commodities Update Investors become more sanguine on China Over the last few weeks, investors have appeared to come round to our long-held view that fears of a hard landing in China were overdone. Energy and metals prices, in particular, benefited from the... 16th March 2016 · 1 min read
Commodities Update Malaysia Monthly Palm Oil Data (Feb.) Data released earlier today by Malaysia’s Palm Oil Board suggest that the market for palm oil continued to tighten in February, as falling production precipitated a further drawdown of stocks. 10th March 2016 · 1 min read
Commodities Update Agriculturals can’t shake that sinking feeling While a weaker US dollar was a supporting factor for energy, industrial and precious metals commodities last month, it couldn’t stop the S&P GSCI Agriculture index continuing its downhill slide. The... 3rd March 2016 · 1 min read
Commodities Update Has weak global demand contributed to the fall in US grain exports? Several years of bumper global harvests have seen a sustained downward trend in the prices of corn and wheat. At the same time, US exports of both crops have slumped in the current 2015/16 marketing... 29th February 2016 · 1 min read
Commodities Update Will poor harvests in India drive wheat prices higher? Lower Indian wheat harvests this marketing year and next are likely to lead to output falling short of consumption in the world’s second-largest producer. But abundant stocks in the country mean that... 25th February 2016 · 1 min read
Commodities Update Cotton prices to fall as China plans further sales of stocks With the prospect of further sales of China’s vast state cotton stocks continuing to depress Chinese import demand, and US production rising, we think the price of cotton will drop further this year. 23rd February 2016 · 1 min read
Commodities Update Sluggish start to 2016 for Chinese agricultural import demand The detailed Chinese import data for January, released earlier today, indicate that import demand for agricultural commodities started the new year as it ended the last: weak. 22nd February 2016 · 1 min read
Commodities Weekly Oil prices may finally be finding a floor Oil prices have ebbed and flowed in the past week on hopes that at least some OPEC members will be able to agree a deal with Russia to freeze output. Admittedly, the recent talks have left many... 19th February 2016 · 1 min read
Commodities Update No relief for ags as investors become more bearish Amid all the recent market turmoil, agricultural commodities haven’t performed too badly, with the S&P GSCI Agriculture index having only fallen by just over 1% since the start of the year. While the... 18th February 2016 · 1 min read
Commodities Update Are we close to the bottom for agricultural commodity prices? Several years of bumper harvests have left key agricultural commodities in abundant supply, helping to drag prices down to levels not seen since 2010. While many prices are probably close to the floor... 17th February 2016 · 1 min read
Commodities Update Weaker dollar supports commodity prices It has been a quiet few weeks for news from China, as disruption associated with the Lunar New Year holiday has made it difficult to determine exactly how the economy has fared so far this year... 16th February 2016 · 1 min read
Commodities Update Lower soy oil premium to undermine China’s palm oil demand Despite a slump in Malaysian exports to China, overall Chinese palm oil demand has remained strong. However, the increased competitiveness of soy oil is likely to weigh on Chinese demand for imported... 16th February 2016 · 1 min read
Commodities Weekly Resilience of industrial commodity prices reassuring Given the negativity in global equity markets, the relative stability of industrial commodity prices (especially metals) over the last few weeks has been reassuring. Even Brent crude, while slipping... 12th February 2016 · 1 min read
