Commodities Update Lift in wheat price is not the start of an upward trend The price of US wheat posted its first weekly rise since mid-December last week, rallying close to 5%. However, with ample global supplies, we think this rise will prove to be temporary. 9th February 2015 · 1 min read
Commodities Weekly A sustained rally in oil prices? Oil prices have rebounded by over 20% in the last week during a period of highly volatile trading. The rally was sparked by growing evidence of declining US rig counts and multiple announcements of... 6th February 2015 · 1 min read
Commodities Update Positive sentiment towards agriculturals fades Abundant supplies of many agricultural commodities and concerns about weak demand are likely to be behind the general deterioration in sentiment towards agriculturals in recent weeks. Indeed, there... 6th February 2015 · 1 min read
Commodities Update Risks to the price of sugar remain to the downside We expect the price of sugar to remain close to its current level this year due to the continuing glut on the world market. A decision by India to re-introduce export subsidies would push the global... 4th February 2015 · 1 min read
Commodities Chart Pack Precious metals prove their worth Commodity prices stabilised towards the end of January after sharp falls in oil and copper earlier in the month. The strength of the US dollar and concerns about global growth remain significant... 2nd February 2015 · 1 min read
Commodities Weekly Copper caught up in January sell-off The copper price has continued to tumble this week. We suspect this is due to financial factors rather than underlying fundamentals. The copper market’s high liquidity has made it vulnerable to... 30th January 2015 · 1 min read
Commodities Update Ukraine’s move to curb wheat exports won’t stop prices falling Given ample global wheat supplies we don’t expect Ukraine’s announcement that it will limit wheat exports over the next six months to have much of an impact on the market. We therefore continue to... 29th January 2015 · 1 min read
Commodities Update Outlook for US homebuilding is positive for lumber Stronger economic growth in the US and rising wages should provide a platform for a rebound in the number of housing starts this year, boosting the price of lumber. 26th January 2015 · 1 min read
Commodities Update Weak demand adds to pressure from ample supply The S&P GSCI Agriculture Commodity Price Index has begun 2015 the same way it finished 2014 – on a downward path. The index has fallen 4% since the start of the year, dragged down by a near 10% drop... 23rd January 2015 · 1 min read
Commodities Update Weak demand to push the price of cocoa lower Falling cocoa grindings in Europe, North America and Asia suggest that the world has lost some of its sweet tooth. We expect weaker demand and ample supply to push the price of cocoa lower. 23rd January 2015 · 1 min read
