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
Energy Data Response US Weekly Petroleum Status Report Today’s data seem to confirm that last week’s fall in oil production and relatively small increase in crude stocks were more of a blip than a sign that the current upward trend in output and stocks... 8th 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
Europe Economic Outlook Recovery prospects clouded by Greece Recent indicators have brought signs of a renewed recovery in the euro-zone economy, reflecting the beneficial effects of lower oil prices and the decline in the euro exchange rate. But the picture... 8th April 2015 · 1 min read
Metals Data Response Indonesia Tin Exports (Mar. 15) Indonesia’s tin exports rose strongly in March, but we expect lower volumes in coming months owing to a self-imposed export quota. This will be one factor supporting our forecast that tin prices will... 8th April 2015 · 1 min read
Energy Update Iranian oil likely to come back to the market, just not yet The preliminary deal reached between Iran and the Western powers should, eventually, allow Iranian oil exports to return to their previous levels. However, some of the finer details still have to be... 8th April 2015 · 1 min read
Latin America Economics Update Big falls in the Brazilian real are probably behind us The Brazilian real has come under renewed pressure over the past couple of months as markets have responded to an ugly mix of a stagnant economy and a deepening political crisis that is threatening to... 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
Metals Chart Pack Precious metals prove their worth The prices of precious metals have held up relatively well this year, given the weakness of commodities in general and the headwinds from the strength of the US dollar. This bodes well for their... 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
Energy Update No light at the end of the tunnel for coal prices We expect global demand for coal to be subdued and prices to fall further over the next few years as major consumers in China, the US and Europe continue to move away from coal power. 3rd April 2015 · 1 min read
Metals Watch Pain before gain for aluminium prices The aluminium market appears to be undergoing a fundamental shift this year with falling stocks and lower price premiums. The incentive for investors to hold aluminium stocks is waning. In this Metals... 3rd April 2015 · 1 min read
Commodities Chart Pack Commodities remain in thrall to the dollar The ebb and flow of sentiment towards the US currency continues to be a key driver of commodity markets and especially gold and silver, keeping prices sensitive to the latest US economic data and... 3rd April 2015 · 1 min read
Australia & New Zealand Economics Weekly What does an iron ore price of $50 mean for Australia? While it is certainly not good news, a fall in the iron ore price to US$50 a tonne or below is neither here nor there when compared with the drop from $US130 to $US70 last year. What’s more, the full... 3rd April 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report A fall in US output and higher demand from refineries helped to reduce the amount of oil flowing into storage last week. But stocks are still rising. 2nd April 2015 · 1 min read
Commodities Update Ample US grain and soybean stocks to push prices lower USDA data on grain and soybean stocks continue to indicate a market brimming with supplies. We remain of the view that corn, wheat and soybean prices will fall further this year. 2nd April 2015 · 1 min read
