Commodities Update Price of palm oil to rise as El Niño hits output With the possibility of this year’s strong El Niño tightening supplies in the months ahead, we now think that the price of palm oil is likely to rise as we move into next year. 28th October 2015 · 1 min read
Commodities Update Brazil Sugar Production (1st Oct. - 16th Oct.) Data released today by Brazil’s Sugarcane Industry Association, UNICA, showed that the volume of cane harvested in Brazil’s main South-Central region fell to 36.1 million tonnes, from 40.5 million in... 23rd October 2015 · 1 min read
Commodities Update Asia Cocoa Grindings (Q3) Data on Asia’s cocoa grindings revealed a 1.6% y/y decline in Q3, the fifth consecutive y/y fall. This follows data released last week which showed a decrease in overall European and North American... 23rd October 2015 · 1 min read
Commodities Update Weaker dollar helps to lift prices The US Federal Reserve’s decision not to raise interest rates in September has seen the dollar weaken recently. As a result, the strengthening of a number of currencies against the greenback... 22nd October 2015 · 1 min read
Commodities Update China’s agricultural import growth may be close to peaking The detailed Chinese import data, released earlier today, show that in y/y terms, demand remains strong. But given the surge in imports of a number of commodities recently, rapid growth may not be... 21st October 2015 · 1 min read
Commodities Update Price of cocoa to grind lower The price of cocoa has remained high due to supply concerns. However, with demand likely to continue to be weak, we think that the price will fall over the remainder of the year. 16th October 2015 · 1 min read
Commodities Update Rising Brazilian soybean production to push prices lower Although the USDA has revised down its forecasts for this year’s US corn, wheat and soybean harvests, we think ample global supplies will push prices down over the remainder of the year. 12th October 2015 · 1 min read
Commodities Update Malaysia Monthly Palm Oil Data (Sep.) September data released earlier today by Malaysia’s Palm Oil Board show that palm oil stocks rose to the highest monthly level on record. 12th October 2015 · 1 min read
Commodities Update Investors start warming towards agriculturals again Cuts to production forecasts and other supply concerns have resulted in a sharp rise in the prices of a number of agricultural commodities since the beginning of September. In tandem, futures curves... 9th October 2015 · 1 min read
Commodities Update Brazil Sugar Production (16th Sep. – 1st Oct.) Data released today by Brazil’s Sugarcane Industry Association, UNICA, showed that sugarcane harvesting in Brazil’s main South-Central region was back on track in the second half of September after... 8th October 2015 · 1 min read
Commodities Update TPP impact on agricultural markets likely to be limited TPP is the largest trade deal to be negotiated for more than 20 years. But given the relatively small share of world imports of key agricultural commodities by the 12 signatories and many existing... 7th October 2015 · 1 min read
Commodities Update Sugar price rally likely to falter soon The US dollar price of sugar has recently surged as a result of a hike in fuel prices in Brazil. But with the price of sugar already much higher in terms of Brazilian real, and the possibility of... 6th October 2015 · 1 min read
Commodities Focus The impact of China’s rebalancing on demand for commodities The move away from commodity-intensive investment-led growth in China towards a more consumer-driven economy is often cited as sounding the death knell for commodities demand. However, we would argue... 2nd October 2015 · 1 min read
Commodities Update US stocks don’t indicate any market shortage The latest US grain stocks estimates continue to signal that grain and oilseed supplies are plentiful. With weak currencies boosting the competitiveness of key exporters, we think dollar prices are... 1st October 2015 · 1 min read
Commodities Update Soybean prices have further to fall The price of soybeans has fallen by around 15% in US dollar terms so far this year. However, the bigger picture is that the price has been in a downward trend since peaking close to 1,750 US cents per... 30th September 2015 · 1 min read
Commodities Update Brazil Sugar Production (1st Sep. – 16th Sep.) Data released today by Brazil’s Sugarcane Industry Association, UNICA, showed that sugar cane harvesting in Brazil’s main South-Central region was severely disrupted by rain in the first half of... 24th September 2015 · 1 min read
