Commodities Update Coffee prices set for limited recovery We expect global coffee output to rise only slightly in 2015/16, leading to a drawdown in global stocks, which should result in stronger prices. Our forecast that the Brazilian real will remain weak... 22nd January 2016 · 1 min read
Commodities Update Cocoa price still likely to end the year lower After taking the gold medal for price gains in 2015, cocoa has quickly fallen off the podium. Supply risks could see the price rebound over the short term before ending the year lower. 22nd January 2016 · 1 min read
Commodities Update Investor sentiment starts 2016 on a cold note After a poor 2015 for agriculturals, with a number seeing double-digit price falls, 2016 has started on a weak footing. While less affected by the economic cycle than other commodities, agriculturals... 20th January 2016 · 1 min read
Commodities Update Sugar prices to extend recovery in 2016 Although expectations for the current 2015/16 Brazilian crop have been revised higher, smaller harvests elsewhere and a receding threat of Indian exports mean that we are maintaining our forecast that... 15th January 2016 · 1 min read
Commodities Update Malaysia Monthly Palm Oil Data (Dec.) Data released earlier today by Malaysia’s Palm Oil Board show that palm oil inventories declined in December for the first time since the middle of last year as production fell sharply again. 11th January 2016 · 1 min read
Commodities Weekly Poor start gives way to some more encouraging signs The prices of key industrial commodities fell further in the first full week of 2016, led by oil, as China worries resurfaced again. The markets also concluded (rightly, in our view) that the... 8th January 2016 · 1 min read
Commodities Update More weakness for soybean prices likely in 2016 Record global harvests and stock levels, further depreciation in the currencies of key producers and subdued Chinese demand all look likely to drag the global price of soybeans lower this year. 8th January 2016 · 1 min read
Commodities Update 2015 laggards end year on a high December was a month of mixed fortunes for agricultural commodities in an otherwise pretty forgettable year. Indeed, the S&P GSCI agriculture index plunged 12% y/y in 2015 – the third consecutive... 7th January 2016 · 1 min read
Commodities Chart Pack A mixed December closes a bleak year for commodities Broad commodity indices fell in December on the back of plummeting oil prices. But outside of energy, commodities withstood the first Fed rate hike in ten years better than many had anticipated... 4th January 2016 · 1 min read
Commodities Update Our six key themes for commodity markets in 2016 2015 has of course been a difficult year for those, ourselves included, who have had anything positive to say about commodities. We will publish detailed predictions for 2016 early in January after a... 23rd December 2015 · 1 min read
Commodities Update Weak producer currencies to keep prices under pressure Currency fluctuations have been a key factor dragging agricultural prices lower in US dollar terms this year. Dollar strength and weakness in key producer currencies are likely to remain headwinds in... 21st December 2015 · 1 min read
Commodities Update Volatile month for agriculturals Of the eleven agricultural commodities we cover, the prices of six have posted gains since mid-November. However, in a number of cases price movements over the last month have seen some sharp changes... 18th December 2015 · 1 min read
Commodities Update Are commodity markets right to shrug off the Fed? The muted responses in commodity markets to the first hike in US interest rates since 2006 are atribute to the clear communications of the Fed and, in our view, largely justified. Looking forward... 17th December 2015 · 1 min read
Commodities Update Sugar prices to recover a little further in 2016 After rising above 15 cents per pound in early December, the price of sugar has slipped back to 14.5 cents more recently. We expect prices to increase slowly through 2016 as a result of lower... 16th December 2015 · 1 min read
Commodities Update Not all doom & gloom for commodities Although the S&P GSCI Commodity Index has fallen to its lowest level since the financial crisis over the past month, it hasn’t been all doom and gloom for commodity prices. Indeed, despite the slide... 15th December 2015 · 1 min read
Commodities Update Strong competition to drag grain & soybean prices lower The combination of ample global supplies and strength in the US dollar have weighed on corn, wheat and soybean prices this year. With the likelihood of additional exports from Argentina, we think... 10th December 2015 · 1 min read
