Commodity Market

Five essential farm commodities saw double-digit growth in March exports

Commodity Market Volatility: Weekly Trends and Insights

Quick Look: Wheat Futures Surge: Prices jumped significantly, driven by concerns over crop losses in Russia due to adverse weather, tightening global supplies; Corn and Soybean Volatility: The market was a rollercoaster ride as fluctuations mirrored weather-related planting delays and USDA reports, which had a profound impact on market expectations; Equity and Energy Dynamics: Mixed …

Commodity Market Volatility: Weekly Trends and Insights Read More »

USDA WASDE Report Highlights Soybean Market Trends

Quick Overview Front-month soybean contracts: Decreased by 0.5 to 2.5 cents, while new-crop contracts rose by 5.25 to 9.75 cents. USDA WASDE report: Anticipates a soybean production of 4.449 billion bushels with a trendline yield estimate of 52 BPA. Stats Canada: Reports a 17.5% increase in canola stocks but a slight 0.9% decrease in soybean …

USDA WASDE Report Highlights Soybean Market Trends Read More »

What is commodity derivatives market

Navigating 2024’s Commodity Prices: New Trends and Shifts

Quick Overview:  Historical Stability and Spikes: Pre-2008, prices were stable; post-2008 saw significant rises due to demand and renewable energy influences. Current Price Levels (April 2024): Corn at $4.30/bushel, wheat at $5.80, soybeans at $11.40, indicating a modest fall but above historical levels. Economic Implications: Rising commodity prices could sustain high-interest rates, impacting inflation and …

Navigating 2024’s Commodity Prices: New Trends and Shifts Read More »

Aerial view of buildings in Indonesia

Record 48°C Heat in Mali: Deaths Surge, Essentials Costlier

Key Points Mali faces a severe heatwave, with temperatures reaching up to 48°C, leading to health crises and over 100 deaths. Power cuts worsen the situation, affecting daily life and causing significant price hikes for essentials like ice. Better preparedness and adaptation strategies are needed to handle future climatic extremes. As Mali confronts an unprecedented …

Record 48°C Heat in Mali: Deaths Surge, Essentials Costlier Read More »

Germany Revises Growth Forecast; Commodities Up; Oil Down

Crude Oil at $83.36; Ups and Downs of Commodity Markets

Quick Overview Crude Oil Prices Rise: U.S. Benchmark crude oil for June delivery climbed $1.46, reaching $83.36 per barrel. Gold and Silver Fluctuate: Gold for June delivery dropped by $4.30 to $2,342.10 per ounce, while silver increased by $0.11 to $27.36 per ounce. Copper and Currency Exchange: Copper price fell by $0.05 to $4.43 per …

Crude Oil at $83.36; Ups and Downs of Commodity Markets Read More »

Commodity

Navigating the 2024 Surge in Global Commodities

Quick Overview VanEck Expansion: CEO Jan van Eck announced plans for international expansion targeting commodities, signalling a strategic shift to capitalize on global economic growth China’s Economic Recovery: Positive March Manufacturing PMI indicates a significant recovery in China, enhancing its role in boosting global commodity demand U.S. Fiscal Policies: Aggressive U.S. spending measures propel the …

Navigating the 2024 Surge in Global Commodities Read More »

Comprehensive Trading Ecosystem

Aluminum Surges 9.4% on Russian Sanctions

Quick Look: Aluminium Prices Surge: LME excludes Russian aluminium, causing prices to jump 9.4%; China’s Clean Tech Dominance: Over 80% of solar, batteries, and EV production; Oil Export Restrictions: Mexico cuts exports; OPEC+ keeps output low; Egg Prices Stable Amid Bird Flu: US bird flu outbreak affects markets, potential price hikes; Energy Stocks Rise: XLE …

Aluminum Surges 9.4% on Russian Sanctions Read More »

Crude Oil Peaks at $85, Marks 5-Month High

At a Glance West Texas Intermediate Crude Futures Soared Above $85, Reaching a Five-Month High. Wholesale Gasoline for May Delivery Remained Unchanged at $2.76 a Gallon. Gold for June Delivery Gleamed, Soaring $33.20 to $2,315 per Ounce. The Dollar to Yen Exchange Rate Subtly Rose to 151.68. Geopolitical Events and OPEC’s Production Plan Stir the …

Crude Oil Peaks at $85, Marks 5-Month High Read More »