Commodities Update Malaysia Monthly Palm Oil Data (Aug.) Data released earlier today by Malaysia’s Palm Oil Board show that crude palm oil production in August was the highest on record. Stocks also rose sharply again. 10th September 2015 · 1 min read
Commodities Update Brazil Sugar Production (16th Aug. – 1st Sep.) Data released today by Brazil’s Sugarcane Industry Association, UNICA, revealed that the amount of sugar cane harvested in Brazil’s main sugar producing South-Central region in the second half of... 9th September 2015 · 1 min read
Commodities Update Sentiment sinks further Commodity prices continue to ebb and flow at the whim of movements in Chinese equity prices and concerns about a “hard landing” for the economy. Although agricultural prices don’t have the same level... 2nd September 2015 · 1 min read
Commodities Update A look at China’s growing corn problem Chinese import demand has been a key factorshaping agricultural commodity prices over thepast decade or more. Recently the NationalDevelopment and Reform Commission (NDRC)and the Ministry of... 28th August 2015 · 1 min read
Commodities Update The price of US lumber set for strong recovery The price of US lumber has continued to fall since early June. But with single family unit starts andindustry confidence strengthening, we think that the price of lumber will end the year higher. 25th August 2015 · 1 min read
Commodities Weekly China panic spreads The negative sentiment prompted by the slide in the renminbi has been compounded by further weakness in Chinese equities and another soft reading of the country’s manufacturing PMI. What’s more... 21st August 2015 · 1 min read
Commodities Update Sugar prices likely to recover well before soybeans Sugar and soybean prices have followed similar paths in recent years. But while the fundamentals areturning in favour of sugar, the same factors point to further weakness for soybean prices. 20th August 2015 · 1 min read
Commodities Update Agricultural prices go into reverse After a generally positive mid-June to mid-July period, the prices of mostagricultural commodities have since gone into reverse, with many sufferingheavy falls. Indeed, six of the eleven commodities... 19th August 2015 · 1 min read
Commodities Update No respite for commodities yet Commodity prices have continued their decline over the past month, with both the GSCI and Bloomberg commodity indices falling to levels last seen in mid-2009. As a result, the gulf between returns... 17th August 2015 · 1 min read
Commodities Weekly China’s “devaluation” lifts precious metals prices The People’s Bank of China surprised markets on Tuesday by lowering the reference rate that determines the mid-point of the renminbi’s trading band against the US dollar. Although the bank explained... 14th August 2015 · 1 min read
Commodities Update Boost to US harvests puts prices under more pressure Higher estimates by the USDA for US corn and soybean production this year (2015/16) have seen crop prices plummet. But with ample world supplies and rising stocks, we think prices can fall further. 13th August 2015 · 1 min read
Commodities Update What China’s ‘‘devaluation’’ means for commodity prices All else equal, a weaker renminbi means that US dollar-denominated commodities will be more expensive in local currency terms for Chinese buyers. However, with the renminbi unlikely to go into... 12th August 2015 · 1 min read
Commodities Update Further fall in Brazilian real could add to sugar’s woes Continued weakness in the Brazilian currency could undermine the price of sugar further. However, we think greater ethanol production and consumption in Brazil will provide some support to the price... 11th August 2015 · 1 min read
Commodities Update Malaysia Monthly Palm Oil Data (Jul.) Data released earlier today by Malaysia’s Palm Oil Board show that crude palm oil production in July reached its highest monthly level since October last year. Stocks also rose sharply, adding to... 10th August 2015 · 1 min read
Commodities Update Corn prices to fall, despite lower EU harvest Despite a large downgrade to the outlook for the EU’s 2015 corn harvest, global supplies and stocks are likely to remain high. As such, we think the price of corn will fall further this year. 7th August 2015 · 1 min read
Commodities Update Weak demand to push soybean prices lower The continued fall in China’s pig herd is likely to undermine soybean demand growth over the second half of the year. Coupled with ample supplies, we think soybean prices will end the year lower. 6th August 2015 · 1 min read
