Analysis: Commodities

'Data driven' players help prolong record profits in commodity trading, says McKinsey

The growing number of data-driven players such as hedge funds in the world of commodity trading has helped sustain record levels of profit, even as the volatility that supercharged earnings in 2022...

Gold bulls eye more record highs despite lightning gains

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The...

U.S. manufacturers emerge from slump, set to boost fuel use: Kemp

U.S. manufacturers have finally pulled out of the long, shallow slump that started in the middle of 2022, which will support petroleum consumption especially for diesel and other middle distillates in...

Wider bird flu spread raises concern for humans, animal health body says

The spread of bird flu to an increasing number of species and its widening geographic reach have raised the risks of humans being infected by the virus, the head of the World Organisation for Animal...

Funds pile pressure on lead as LME stocks hit 11-year high: Andy Home

Funds have built up record short positions on the London Metal Exchange lead contract. This is not entirely surprising given the rapid deterioration in market optics. LME...

Commodities Overview: Full steam ahead!

Every week, the commodities overview gives you the opportunity to review the latest news on the commodities markets, and to gain a better understanding of the price variations in energy, metals and...

Tropical forest loss eased in 2023 but threats remain, analysis shows

Tropical forest loss declined last year, but other indicators show that the world's woodlands remain under tremendous pressure, according to an analysis released on Thursday by the Global Forest Watch...

OPEC+ gets oil price to its sweet spot, the trick is keeping it there: Russell

There was no surprise that a top meeting of OPEC+ ministers opted to keep output policy unchanged since the global crude oil market is almost exactly where the exporter group wants it. ...

ICE Weekly : More Room to Upside for Canola

WINNIPEG, Manitoba--It was a tale of two halves for canola during the week ended Wednesday. After the May contract on the Intercontinental Exchange fell to its lowest level in two and a half...

BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks

Bank of America Global Research has raised its 2024 Brent and WTI oil price forecasts, citing escalating geopolitical tensions and the OPEC+ producer group maintaining supply curbs. The...

China PMI boosts sentiment, but commodity imports may have front-run: Russell

The return of China's key manufacturing index to positive territory for the first time in six months has sparked optimism that commodity demand from the world's biggest buyer of natural resources...

Distillate futures see big outflow of speculative money: Kemp

Portfolio investors have continued to realise profits on formerly bullish diesel positions and begun to turn bearish as supplies adjust to the disruption of trade through the Red Sea and a mixed...

Wet April outlook offers mixed benefits for US winter wheat, corn -Braun

U.S. winter wheat crop conditions have finally returned to more normal levels following two seasons marred with significant drought, boding well for harvest prospects. At the same time,...

Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to...

US March LNG exports flat as Freeport plant woes continue

U.S. exports of liquefied natural gas fell slightly in March to 7.61 million metric tons from 7.73 MT in February as production of the superchilled gas from the country's second largest...

Poland, Ukraine hail progress in food import talks, but deal remains elusive

Poland and Ukraine are close to an agreement on agricultural imports, the Polish prime minister said on Thursday, after intergovernmental talks in Warsaw failed to resolve an issue that has triggered...

Commodities Overview: Geopolitical tensions continue to support oil

Every week, our commodities overview gives you the opportunity to review the latest developments on the commodities markets, and to gain a better understanding of the variations in the prices of...

Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players...

Funds chip away at CBOT grain, oilseed shorts ahead of key US data -Braun

Speculators last week covered short positions in Chicago-traded grains and oilseeds for a second consecutive week as futures continued climbing off recent multi-year lows. The collective...