Commodities Chart Pack Industrial commodities lead the pack Some weakness in the US dollar and hope for a delay to the first US interest rate hike helped to support commodity prices in April. Meanwhile, although Chinese economic data showed persistent weakness... 1st May 2015 · 1 min read
Commodities Update Agricultural prices facing more US dollar headwinds The appreciation of the US dollar since the middle of last year has been a contributing factor in the general decline in agricultural commodity prices. In this Agricultural Commodities Watch we look... 1st May 2015 · 1 min read
Commodities Update El Niño set to arrive, but with limited impact An El Niño weather event is looking more likely this year, albeit current expectations are that it will be weak. The risk to supply disruptions and the potential for higher prices should be minimal. 29th April 2015 · 1 min read
Commodities Outlook Turning the corner The (largely positive) views set out in our first quarterly of 2015 have mostly been proved right. We continue to believe that this will be a year of recovery for commodity prices as a whole... 28th April 2015 · 1 min read
Commodities Weekly Relative calm unlikely to last In a relatively quiet week, oil prices consolidated their recent gains as the consensus swung round to our view that the lows recorded in Q1 would prove to be the turning point. However, powerful... 24th April 2015 · 1 min read
Commodities Update High stocks will overshadow lower cotton production Expectations of lower cotton production for this coming year have underpinned a rise in prices. However, with a glut of stocks, we still think the price will end the year lower. 24th April 2015 · 1 min read
Commodities Update Asia Cocoa Grindings (Q1 2015) Data on Asia’s Q1 cocoa grindings showed a 9.3% y/y decline, the third consecutive y/y fall. This follows declines announced last week in Europe and North America. 24th April 2015 · 1 min read
Commodities Update Weather conditions start to take centre stage With eyes now starting to focus on the new crops in the Northern Hemisphere, changes in weather conditions have underpinned fluctuations in many agricultural commodity prices in recent weeks. In... 23rd April 2015 · 1 min read
Commodities Update Outlook for cocoa prices remains bitter Further falls in European and North American cocoa grindings suggest consumers’ love of chocolate is not as sweet as it once was. Coupled with ample supply, we expect the price of cocoa to fall this... 17th April 2015 · 1 min read
Commodities Update Weaker dollar provides a breather Commodity prices have generally risen since the middle of March, supported by a slightly weaker dollar. However, concerns about Chinese demand have weighed on the prices of some commodities... 14th April 2015 · 1 min read
Commodities Weekly Oil shrugs off Iran deal A preliminary deal between Iran and the West saw oil prices fall sharply early this week, but they quickly rebounded as it became apparent that the return of Iranian oil exports would be delayed until... 10th April 2015 · 1 min read
Commodities Update More bad news for grain & soybean prices The USDA’s latest set of estimates suggest that the global glut of grain and soybeans will be evenlarger. With ample supplies and high stocks, we continue to expect the prices of corn, wheat... 10th April 2015 · 1 min read
Commodities Update USDA Weekly Export Sales (2nd Apr.) The latest US weekly data show a net decline in US soybean export sales as new purchases were offset by a large number of cancelled orders. 9th April 2015 · 1 min read
Commodities Update Agriculturals continue to lag Although agricultural commodity prices have shown a bit of strength in recent weeks, they remain the poor cousin to other commodity groups. Indeed, while the S&P GSCI agriculture index has risen by 2%... 8th April 2015 · 1 min read
Commodities Weekly Calm before the (next) storm? The past week saw relatively little movement in commodity prices compared to the volatility earlier in the year, as the surge in the dollar ran out of steam. The biggest gainers – notably wheat and... 3rd April 2015 · 1 min read
Commodities Update Palm oil price to continue falling With ample supply and lower prices of competing vegetable oils, we expect the price of palm oil to fall further this year. 3rd April 2015 · 1 min read
