Commodities Update Malaysia Monthly Palm Oil Data (Mar.) Data released earlier today by Malaysia’s Palm Oil Board show a further tightening of the market in March, despite a larger-than-expected rise in production. 11th April 2016 · 1 min read
Commodities Weekly Oil prices surge ahead of Doha meeting Commodity prices had a mixed week, despite support from further softness in the US dollar. In particular, key industrial metals dropped back, consistent with our view that the earlier surge was... 8th April 2016 · 1 min read
Commodities Update Strong US home building to underpin the price of lumber A pick up in US single-family home building should continue to support the price of US lumber this year even if the Canadian dollar gives back some ground against the greenback. 7th April 2016 · 1 min read
Commodities Update Agriculturals benefit from a weak dollar, but will it last? It has been a good month for agriculturals, with the S&P GSCI agriculture index rising by a little under 4% since the start of March. This reverses the downward trend in January and February... 5th April 2016 · 1 min read
Commodities Update Surge in US acreage doesn’t bode well for corn prices With sizeable US inventories and the likelihood of large US corn and soybean plantings this year, we remain of the view that prices of grains and soybeans are likely to fall over the course of the... 1st April 2016 · 1 min read
Commodities Weekly Commodities hit by strong US data and Saudi comments Markets began the second quarter on Friday on a sour note, with sentiment undermined both by a weak Tankan survey in Japan and, rather perversely, by another robust Employment Report and a buoyant ISM... 1st April 2016 · 1 min read
Commodities Update How will the reform of the EU sugar regime affect world prices? The European Union (EU) sugar regime governs the production, sale and trade in sugar within the region. In 2017, the regime will be liberalised: production quotas will be abolished and guaranteed... 31st March 2016 · 1 min read
Commodities Weekly Markets pause for a reality check Industrial commodity prices have typically eased back in the past week in sympathy with other assets, as markets have reassessed the outlook for US interest rates and the dollar. In particular,... 24th March 2016 · 1 min read
Commodities Update Palm oil prices to fall back later in the year With the negative effects of El Niño on palm oil production likely to continue in the coming months, we have raised our near-term price forecast. But as output returns to normal and competition from... 23rd March 2016 · 1 min read
Commodities Update Weak start to 2016 continues for China’s agricultural imports The detailed Chinese import data for February, released earlier today, indicate that import demand for agricultural commodities continued its generally lacklustre start to the year. 21st March 2016 · 1 min read
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
