Commodities Update Sugar prices to extend recovery in 2016 Although expectations for the current 2015/16 Brazilian crop have been revised higher, smaller harvests elsewhere and a receding threat of Indian exports mean that we are maintaining our forecast that... 15th January 2016 · 1 min read
Commodities Update Malaysia Monthly Palm Oil Data (Dec.) Data released earlier today by Malaysia’s Palm Oil Board show that palm oil inventories declined in December for the first time since the middle of last year as production fell sharply again. 11th January 2016 · 1 min read
Commodities Weekly Poor start gives way to some more encouraging signs The prices of key industrial commodities fell further in the first full week of 2016, led by oil, as China worries resurfaced again. The markets also concluded (rightly, in our view) that the... 8th January 2016 · 1 min read
Commodities Update More weakness for soybean prices likely in 2016 Record global harvests and stock levels, further depreciation in the currencies of key producers and subdued Chinese demand all look likely to drag the global price of soybeans lower this year. 8th January 2016 · 1 min read
Commodities Update 2015 laggards end year on a high December was a month of mixed fortunes for agricultural commodities in an otherwise pretty forgettable year. Indeed, the S&P GSCI agriculture index plunged 12% y/y in 2015 – the third consecutive... 7th January 2016 · 1 min read
Commodities Chart Pack A mixed December closes a bleak year for commodities Broad commodity indices fell in December on the back of plummeting oil prices. But outside of energy, commodities withstood the first Fed rate hike in ten years better than many had anticipated... 4th January 2016 · 1 min read
Commodities Update Our six key themes for commodity markets in 2016 2015 has of course been a difficult year for those, ourselves included, who have had anything positive to say about commodities. We will publish detailed predictions for 2016 early in January after a... 23rd December 2015 · 1 min read
Commodities Update Weak producer currencies to keep prices under pressure Currency fluctuations have been a key factor dragging agricultural prices lower in US dollar terms this year. Dollar strength and weakness in key producer currencies are likely to remain headwinds in... 21st December 2015 · 1 min read
Commodities Update Volatile month for agriculturals Of the eleven agricultural commodities we cover, the prices of six have posted gains since mid-November. However, in a number of cases price movements over the last month have seen some sharp changes... 18th December 2015 · 1 min read
Commodities Update Are commodity markets right to shrug off the Fed? The muted responses in commodity markets to the first hike in US interest rates since 2006 are atribute to the clear communications of the Fed and, in our view, largely justified. Looking forward... 17th December 2015 · 1 min read
Commodities Update Sugar prices to recover a little further in 2016 After rising above 15 cents per pound in early December, the price of sugar has slipped back to 14.5 cents more recently. We expect prices to increase slowly through 2016 as a result of lower... 16th December 2015 · 1 min read
Commodities Update Not all doom & gloom for commodities Although the S&P GSCI Commodity Index has fallen to its lowest level since the financial crisis over the past month, it hasn’t been all doom and gloom for commodity prices. Indeed, despite the slide... 15th December 2015 · 1 min read
Commodities Update Strong competition to drag grain & soybean prices lower The combination of ample global supplies and strength in the US dollar have weighed on corn, wheat and soybean prices this year. With the likelihood of additional exports from Argentina, we think... 10th December 2015 · 1 min read
Commodities Update Malaysia Monthly Palm Oil Data (Nov.) Data released earlier today by Malaysia’s Palm Oil Board show that while palm oil production fell sharply in November, a large fall in exports pushed stocks higher. 10th December 2015 · 1 min read
Commodities Update Cotton prices to remain under pressure from huge stocks Although cotton is shaping up to be one of the best performing commodities in 2016, its price has been on a downward trend over the second half of the year. We think that large global inventories will... 8th December 2015 · 1 min read
Commodities Update Brazil Sugar Production (16th Nov. – 1st Dec.) Figures released today by Brazil’s Sugarcane Industry Association, UNICA, show that 18.7 million tonnes of cane were harvested in the second half of November in the main Centre-South cane-growing... 8th December 2015 · 1 min read
