Commodities Overview 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 Update Ukraine’s grain exports will struggle to stay afloat The price of wheat and corn will stay historically high for now, as Russia’s withdrawal from the Black Sea Grain Initiative has re-ignited concerns about supply from Ukraine. We think that prices will... 11th October 2023 · 4 mins read
Commodities Weekly Wrap Few commodities spared from this week's sell-off It has been a week of declines for most commodity prices, as commodities were caught up in the more widespread selling of financial assets. Crude oil prices were among the hardest hit, whereas... 6th October 2023 · 4 mins read
Commodities Outlook Looser monetary policy to support prices in 2024 We expect most commodity prices to struggle over the rest of this year as developed economies flirt with recession, the US dollar remains strong and investor risk appetite moderates. That said, we... 26th September 2023 · 28 mins read
Commodities Update Cotton prices to tick up as textile demand strengthens We expect that the global cotton market will be finely balanced in 2023/24 as demand picks up and supply falls across key producers. We forecast that the US cotton price will rise gradually from here... 18th September 2023 · 4 mins read
Commodities Overview Chart Pack Commodities Overview Chart Pack (Sep. 2023) Prices will remain buffeted by weak global economic growth and a strong dollar, at a time of mounting supply risks and some policy stimulus in China. These conflicting pressures suggest that prices... 8th September 2023 · 1 min read
Commodities Weekly Wrap Metal prices still struggling, despite China stimulus Most commodity prices rose this week after data showed that US labour market conditions are easing, lowering expectations for US interest rates and weakening the dollar. It is perhaps surprising that... 1st September 2023 · 4 mins read
Commodities Weekly Wrap Natural gas prices strike lower; iron ore resilient It has generally been a positive week for commodity prices. Most metals and agricultural prices rose on the week, in somewhat of a turnaround from recent trends. By contrast, energy commodities fell... 25th August 2023 · 4 mins read
Commodities Update Coffee prices to ease back, but remain elevated We think that Arabica and Robusta coffee prices will remain historically high over the next 12 months or so, but especially the Robusta price owing to greater El Niño-related supply risks. With that... 15th August 2023 · 4 mins read
Commodities Weekly Wrap Natural gas prices strike higher Natural gas prices were the biggest mover in commodity markets this week, jumping higher on the back of news of potential industrial action at LNG plants in Australia. We don’t think gas prices in... 11th August 2023 · 5 mins read
Commodities Overview Chart Pack Commodities Overview Chart Pack (Aug. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 9th August 2023 · 1 min read
Commodities Weekly Wrap Tightening oil market; Myanmar’s tin mining ban It’s been a mixed week for commodity prices. Industrial metals price generally struggled as activity surveys for China paint a grim picture of demand. (See Chart 1.) We suspect prices will tread water... 4th August 2023 · 4 mins read
Commodities Focus Lower agriculturals supply will mean higher prices for longer The outlook for global agricultural supply has deteriorated since the start of the year as a result of extreme weather, the end of the Black Sea Grain Initiative, the prospect of an El Niño weather... 4th August 2023 · 13 mins read
Commodities Update India’s rice export ban: a food security warning shot? We think the price of rice is set to climb after India’s additional rice export restrictions have exacerbated global shortage concerns. For now, though, we don’t expect other major producers to follow... 1st August 2023 · 2 mins read
Climate Economics Monthly El Niño + global warming = long-term EM headache “The Boy” is back Much ink has been spilled – not least by ourselves – on the potential impacts of the return of El Niño conditions on commodities and economies. It’s fair to say that some of the... 27th July 2023 · 6 mins read
Middle East & North Africa Economics Update Egypt: end of Black Sea deal to add to near-term pain The end to the Black Sea grain deal has put Egypt’s vulnerability to rising global wheat prices back in the spotlight. Even if supply disruptions are avoided, higher wheat prices would add to strains... 24th July 2023 · 3 mins read
