Commodities Update How do oil prices, diets and climate change affect food prices? Agricultural commodities are less sensitive to the economic cycle than other commodities such as oil and copper, mainly because, in the short term, income and price elasticities for essential... 12th March 2015 · 1 min read
Commodities Update Corn stocks revised down, but still huge Although the price of corn has been boosted by a downward revision to estimated global year-end stock levels, this isn’t enough to alter the underlying market situation. We continue to expect the... 11th March 2015 · 1 min read
Commodities Update Investors continue to reduce long bets on agriculturals Investor enthusiasm for agricultural commodities waned further over the lastmonth. Indeed, for eight of the commodities we cover and have Commitment ofTraders data, five saw a fall in net-long non... 11th March 2015 · 1 min read
Commodities Update Chinese stockpiling to support demand We expect additional Chinese stockpiling to increase demand for agricultural commodities over the next few years. This should add a bit of support to prices, but the fundamentals of individual... 9th March 2015 · 1 min read
Commodities Weekly Payrolls data are not all bad news Most commodity prices fell this week even before the strong US payrolls data raised expectations of early Fed tightening and further dollar strength. While recognising that both developments have... 6th March 2015 · 1 min read
Commodities Chart Pack Commodities on the way up The price of Brent staged a remarkable rebound early in the month, while the copper price also made up some lost ground, with the result that the GSCI commodities index managed to outperform US... 2nd March 2015 · 1 min read
Commodities Weekly Outlook for metals brightening Metals prices have shown some of the largest gains in the past week, benefitting from some better news on the global economy including stronger manufacturing PMI surveys in China and the euro-zone... 27th February 2015 · 1 min read
Commodities Update Faster sales of Thailand’s rice stocks should pull down prices The announcement that the Thai government is planning to clear its rice stockpiles in just two years should put significant downward pressure on rice prices over this time period. 27th February 2015 · 1 min read
Commodities Weekly “Grexit” could boost gold now, other commodities later Weather-related factors were responsible for the biggest moves in individual commodity prices in the past week: a cold snap in the US drove up the cost of natural gas, while further rains across key... 20th February 2015 · 2 mins read
Commodities Update USDA Weekly Export Sales (12th Feb.) Today’s US weekly export sales data show a further slump in demand for US wheat. And while exports of soybeans also fell sharply, this is likely, at least in part, to be due to seasonal factors... 20th February 2015 · 1 min read
Commodities Update Supply prospects boost cotton but weigh on arabica Agricultural commodities have faced a number of opposing pressures over the last month, including the further strengthening of the US dollar and the partial recovery in the price of crude oil. But... 20th February 2015 · 1 min read
Commodities Update Strong dollar likely to dent US soybean exports US wheat exports have struggled this year as the rising US dollar reduces competitiveness. We think the same could happen to soybean exports as the South American harvest gets under way. 16th February 2015 · 1 min read
Commodities Weekly Recovery in oil prices may falter soon The rebound in global oil prices has lifted Brent crude back to $61 per barrel, slightly above our existing forecast for the end of the year but consistent with our central scenario of a recovery to... 13th February 2015 · 1 min read
Energy Chart Pack Prospects of supply cuts boost oil and coal prices The main story since the beginning of the year has been the recovery in the price of oil, which is now 20% above its recent lows, reflecting the first signs of supply cuts in response to the previous... 12th February 2015 · 1 min read
Commodities Update Higher demand can’t offset rise in production In spite of higher forecast demand, the USDA has also revised up its estimates of year-end stocks for corn and wheat. And with ample soybean supplies, we continue to expect prices of all three to fall... 11th February 2015 · 1 min read
Commodities Outlook 2015 to be a year of recovering prices 2014 was the fourth successive year of poor performance by commodities, especially relative to bonds and equities, but we believe 2015 will be the year when many finally turn the corner. The recent... 9th February 2015 · 1 min read
