Commodities Update Attention turns towards the return of La Niña A return of La Niña could provide some respite for those commodity producers who have been hit hardest by El Niño. But it could also pose problems for others – not least in South America – and so... 6th June 2024 · 3 mins read
Commodities Update Global sugar rush to slowly fade away After a sweet start to the year, sugar prices should take on a more sour note over the rest of 2024. Prices will fall back as El Niño comes to an end and the supply outlook improves but any relaxation... 8th February 2024 · 3 mins read
Commodities Weekly COP28 declaration unlikely to drive prices next week In the absence of major news, the majority of commodity prices drifted lower this week. Looking ahead to next week, the end of COP28 is unlikely to drive prices as we suspect that any announcements... 8th December 2023 · 5 mins read
Commodities Chart Pack Commodities Overview Chart Pack (Nov. 2023) Our Commodities Overview Chart Pack has been updated with the latest data and our analysis of recent developments. Energy and precious metal prices will remain volatile while there is a risk that the... 3rd November 2023 · 1 min read
Commodities Weekly War and weather to drive prices in short term The conflict between Israel and Hamas continued to drive commodity prices this week. Oil prices fell back while gold prices defied the stronger dollar and held steady. Events in the Middle East will... 27th October 2023 · 6 mins read
Commodities Update El Niño unlikely to fire up the price of all staples El Niño is coming but the picture is more nuanced than one of doom and gloom for global production of all crop types. For corn, soybeans, wheat and rice, larger harvests in some regions can outweigh... 14th July 2023 · 4 mins read
Event Drop-In: El Niño – Gauging the risks to economies and markets 1689775200 The World Meteorological Organisation has announced a 90% probability of an El Niño event in the second half of the year, threatening more extreme climate events.
Commodities Update El Niño puts your mochaccino at risk If the weather forecasters are right, El Niño conditions have arrived in the Pacific and are set to build over the next few months. The negative impact on agricultural production will depend upon the... 23rd June 2023 · 4 mins read
Commodities Weekly Data and debt ceiling to move prices next week Commodity prices generally fell this week, as investors’ expectations for the Federal Reserve’s policy rate rose on concern about the persistence of high inflation. The dollar also strengthened... 26th May 2023 · 6 mins read
Commodities Weekly US data the key driver of prices next week Dealmaking was a major driver of commodity prices this week. The 11th hour extension of the Black Sea Grain Initiative alleviated fears of Ukraine’s grain exports being cut off from world markets... 19th May 2023 · 6 mins read
Commodities Chart Pack Demand concerns a lingering headwind for prices Most commodity prices have moved lower over the past month as concerns about demand have intensified and risk appetite has soured. We think prices will continue to struggle over the next few months as... 16th May 2023 · 13 mins read
Commodities Weekly Prices starting to look on borrowed time Commodity prices received a boost from expectations that the Fed is nearing the end of its tightening cycle and the weaker US dollar this week, but we think that it is only a matter of time before the... 14th April 2023 · 6 mins read
Commodities Update Sugar rush won’t last Global sugar prices have surged by over 20% since the start of the year as production estimates in several key producers have been downgraded. We think the supply picture is unlikely to change by much... 14th April 2023 · 3 mins read
Commodities Weekly All eyes will remain on China It was a fairly quiet week in commodity markets. The only notable move was a slump in natural gas prices. The EU eventually agreed its long-discussed natural gas price cap early in the week, but it... 23rd December 2022 · 6 mins read
