Commodities

11 July 2024
Wheat, corn, and soybeans steady after US crop conditions improve

Key points Wheat futures increase by 0.31% after a 1.83% drop. Corn futures rise 0.49% following a two-week low. Soybean futures edge up 0.14%, rebounding from their lowest since November 2020. Chicago wheat, corn, and soybean futures showed a slight …

10 July 2024
Oil drops as US Gulf supply worries ease and China inflation weakens

Key points: Oil prices decrease as US Gulf supply concerns ease Weak inflation data from China pressures oil prices Oil prices dipped on Wednesday as the impact from Hurricane Beryl dissipated and inflation data highlighted persistently weak consumer demand in …

9 July 2024
Wheat and soybean prices stabilise with improved crop conditions 

Wheat and soybean prices steadied after sharp declines as better-than-expected crop conditions are reported. Read more for the forecast and trading opportunities.

28 June 2024
Wheat poised for largest monthly decline in 2 years due to harvest pressure

Key points: Chicago wheat prices remained stable on Friday, holding on to gains from the previous session due to strong demand. The market is on track for its largest monthly decline in two years, driven by harvest pressures across the …

26 June 2024
Silver shines bright as the best-performing commodity of 2024 

Silver prices (Symbol: XAGUSD) have been on an upward trajectory in 2024 with 21% year-to-date, making it one of the best-performing commodities this year. Silver has outperformed its metallic counterparts, gold and copper, as well as the S&P 500 index.  …

24 June 2024
Wheat prices fall to lowest level since April due to increased supply, strong dollar

Key points: Chicago wheat futures fell to $5.73-1/2 a bushel, the lowest since April. The U.S. dollar’s strength is impacting wheat, corn, and soybean prices. Chicago wheat futures experienced a dip to their lowest point since April, driven by a …

20 June 2024
Wheat prices retreat with improved global supply 

Key points:  Wheat prices dipped to a two-month low with an improved global supply outlook.  Soybean prices also declined, reflecting easing weather concerns.  Increased wheat production forecasts from major exporters like Russia and Argentina.  Wheat prices (Symbol: Wheat-C) fell on …

14 June 2024
Cocoa prices surge as supply crisis in top producing countries worsens 

Key points:  Cocoa prices rise above $10,000 per metric ton, heading toward all-time highs.  Ivory Coast halts cocoa exports for June and forward sales for the next season.  Ghana delays delivery of up to 350,000 tons of cocoa beans due …

12 June 2024
Oil prices rise on falling US inventories and higher global demand forecasts 

Key Points:  Brent crude oil rises to $82.32 per barrel, and WTI rises to $78.42 per barrel.  US commercial crude oil inventory fell by 1.2 million barrels last week.  EIA raises the 2024 global oil consumption growth forecast by 200,000 …

30 May 2024
Wheat prices uncertain following weather prediction in Russia 

Wheat prices drop to $6.84 following forecasted rain in southern Russia and Ukraine. A stronger US dollar also pressures the demand of farm goods.

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