Commodities Update US lumber price should recover in 2016 The price of US lumber has fallen sharply this year, despite an ongoing improvement in the US housing sector. This divergence can be explained in part by the depreciation of the Canadian dollar, which... 7th December 2015 · 1 min read
Commodities Weekly Oil prices to recover next year, whatever OPEC targets We, and we suspect many others, are still trying to work out exactly what OPEC decided at Friday’s meeting. Usually reliable sources have reported that OPEC has agreed to raise its output target from... 4th December 2015 · 1 min read
Commodities Update Stronger dollar hits agriculturals as sentiment weakens A general strengthening of the US dollar in recent weeks, on expectations that the Fed will begin to raise interest rates this month, has been a key factor dragging agricultural prices lower. Along... 3rd December 2015 · 1 min read
Commodities Update Ample supplies to keep corn prices under pressure While the US EPA’s finalised renewable fuel standard should boost demand for US corn next year, we think ample global supplies will continue to weigh on the price in the near term. 2nd December 2015 · 1 min read
Commodities Chart Pack No reprieve yet for commodities prices The prices of commodities continued to fall in November, pummelled by the strength of the US dollar and persistent concerns about a hard landing in China. While supply-side developments explain the... 1st December 2015 · 1 min read
Commodities Update Five factors that could shape grain & soybean prices in 2016 2015 has seen the prices of corn, wheat and soybeans fall sharply, dragged lower by a combination of large harvests, rising global inventories and weak currencies in a number of key producing and... 30th November 2015 · 1 min read
Commodities Weekly Precious metals struggle ahead of first US rate hike US dollar strength and the prospect of rising US interest rates continued to weigh on precious metals prices this week. In contrast, industrial metals prices were volatile, but generally ended the... 27th November 2015 · 1 min read
Commodities Update Oil price recovery should limit further falls in crop prices The recent weakness of oil prices has weighed on the prices of major agricultural commodities, since oil is an important component of crop production costs and oil prices affect demand for agriculture... 26th November 2015 · 1 min read
Commodities Update Brazil Sugar Production (1st Nov. – 16th Nov.) Figures released today by Brazil’s Sugarcane Industry Association, UNICA, show that 25.6 million tonnes of cane were harvested in the first half of November in the main South-Central cane-growing... 24th November 2015 · 1 min read
Commodities Weekly China worries continue to weigh on sentiment Prices of most industrial metals fell sharply this week, largely reflecting persistent investor concerns about the prospects for Chinese demand. The latest data showed LME money managers cutting their... 20th November 2015 · 1 min read
Commodities Update Dollar strength weighs on agriculturals Strong US employment data and statements from members of the Federal Reserve in recent weeks have combined to bring forward investors’ expectations for the first US rate hike to December. The... 19th November 2015 · 1 min read
Commodities Update First global deficit in six years to lift sugar prices in 2016 After surging in early October due to a rise in Brazilian fuel prices, the world price for sugar has remained strong but volatile. Despite poor harvests in Brazil and the EU, further price rises this... 16th November 2015 · 1 min read
Commodities Update Coffee prices likely to perk up Weak producer currencies have supported coffee exports and weighed on US dollar prices. But with depleted inventories, we think a tighter market will put upward pressure on prices next year. 13th November 2015 · 1 min read
Commodities Update Grain & soybean mountains to depress prices further A sharp upward revision to Chinese corn stocks means that global end-year inventories are now expected to be at a record high. With a bloated global supply picture, we think further weakness in the... 11th November 2015 · 1 min read
Commodities Update Malaysia Monthly Palm Oil Data (Oct.) Data released earlier today by Malaysia’s Palm Oil Board show that palm oil production rose in October, helping to push inventories higher. 11th November 2015 · 1 min read
Commodities Update Brazil Sugar Production (16th Oct. – 1st Nov.) Figures released today by Brazil’s Sugarcane Industry Association, UNICA, show that 38.4 million tonnes of cane were harvested in the second half of October in the main South-Central cane-growing... 10th November 2015 · 1 min read
