Commodities

24 May 2024
Chicago wheat set for biggest weekly gain in a month on global crop concerns 

Key points:  Chicago wheat prices rose 0.4% to $7.01 a bushel, marking a 7.6% weekly gain.  Corn futures increased by 0.3% to $4.65-1/4 a bushel, while soybeans fell 0.1% to $12.38-1/4 a bushel.  Chicago wheat prices gained more ground on …

17 May 2024
Oil poised for weekly gain on rising demand

Key points: Oil prices rise on improving demand signals from China and the US. Brent crude and WTI crude futures are set for weekly gains. Oil prices increased on Friday, with global benchmark Brent set for its first weekly gain …

10 May 2024
Corn and soybean prices on the rise before USDA report

Key points Wheat prices increased by 0.27% to $6.39-2/8 a bushel. Corn and soybeans also showed upward movements, recording gains of 0.22% and 0.02%, respectively. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose to $6.39-2/8 a …

10 May 2024
How the Federal Reserve can influence your next latte 

Interest rates matter more than you think. Learn how the Fed’s policies can affect commodity prices. Imagine starting your day with a warm, inviting latte. As you savor the rich aroma and creamy texture, you’re unwittingly experiencing the end result …

9 May 2024
China sees swings on iron and steel

Key Points: Iron ore and steel prices in China have seen declines due to easing stockpiling post-Labour Day, with mixed trends in global markets. The property sector’s challenges continue to impact steel demand, although regulatory changes offer a potential boost. …

9 May 2024
Increased farmer sales are easing bids for soybeans and corn

Key points Soy and corn basis bids have dropped slightly due to increased farmer sales and recent fluctuations in futures prices. Barge freight costs are rising, and international demand remains robust, as seen in recent large-scale wheat purchases by Egypt. …

6 May 2024
Oil prices climb on Gaza tensions and Saudi price hike

Key points: Saudi Arabia hikes June crude oil prices for most regions US oil rig count falls by 7 to 499, Baker Hughes reports Brent crude futures gained 51 cents, or 0.6%, to $83.47 a barrel at 0636 GMT, while …

6 May 2024
MARKETS TODAY: Asian stocks climb, Yen continues descent

Key Points: Asian stocks reach new heights with investors expecting U.S. Federal Reserve rate reductions. The yen declines after Tokyo’s apparent efforts to strengthen it last week. Asian stocks reached their highest levels in more than a year this Monday, …

3 May 2024
Oil stabilises, set for weekly fall on US economy concerns

Oil prices are rising today as OPEC+ members discuss possibly extending their supply cuts. Despite this upward movement, Brent and West Texas Intermediate (WTI) crude are set to end the week with losses, influenced by U.S. economic uncertainties and minimal …

2 May 2024
London Metal Prices See Gain; Softer Dollar More Attractive

2nd May 2024 – In this latest trading session, non-ferrous metals on the London Metal Exchange witnessed varying degrees of price increases, primarily driven by a dip in the U.S. dollar. This depreciation has made metals priced in dollars more …

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