Squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024, before falling the following year, forecasted British banking group HSBC today.
Tag Archives commodities
Commodity prices to remain high in 2024, drop in 2025 – HSBC
Most agricultural products expected to outperform energy, industrial metals amid supply constraints, dry weather
U.S. grains: Corn hits one-month high on weather worries
Soybean, wheat futures also advance
Chicago | Reuters — Chicago Board of Trade corn futures reached a one-month high on Friday as forecasts for dry weather in the U.S. Midwest kept attention on early risks to this year’s crop. Soybean and wheat futures also rose, with the agricultural markets posting weekly gains following recent declines to multi-month lows. Traders added […] Read more
Mintec acquires Agribriefing to expand agrifood data offering
Paris | Reuters — British market intelligence firm Mintec announced on Tuesday the acquisition of Agribriefing in a deal it said would create a leading global provider of data on agricultural and food markets. Financial details were not disclosed. Agribriefing’s businesses include protein price-reporting agency Urner Barry and crop consultancy Strategie Grains, the latter acquired […] Read more
ICE weekly outlook: Markets rangebound into the New Year
ICE canola plays catch-up on CBOT gains
MarketsFarm — As 2022 comes to an end, a trader stated the commodities market will very likely remain rangebound through the New Year. Ken Ball, of PI Financial in Winnipeg, said there’s heavy spreading, as well as the maneuvering of year-end positions and plenty of liquidation going on at the moment, “all trapped in a […] Read more
U.S. grains: Wheat drops on firm dollar, hopes for Black Sea talks
Lower wheat, dull demand weigh on corn, soybeans
Chicago | Reuters — U.S. wheat futures fell on Friday, surrendering all the prior session’s gains on a stronger dollar and hopes of progress in negotiations to maintain a Ukrainian Black Sea grain export corridor. Corn and soybeans followed wheat lower, weighed down by lacklustre demand and pressured by lower energy and equities markets. On […] Read more
U.S. grains: Soy, wheat, corn fall as export concerns rise
Low depths on Mississippi hinder export traffic
Chicago | Reuters — Chicago Board of Trade soybean futures fell to a 2-1/2 month low on Thursday, under pressure from the ongoing U.S. harvest and signs of weak overseas demand, traders said. Poor export demand also weighed on the corn and wheat markets as investors remained wary of an economic downturn. “The grain and […] Read more
U.S. grains: Corn, soy rise on broad commodities strength
Chicago December wheat dips
Chicago | Reuters — U.S. corn and soybean futures closed higher on Tuesday, following broad strength in commodity and equity markets tied to easing concerns about the global economy, traders said. The dollar index retreated from two-decade highs set last week, softening after Australia’s central bank surprised investors with a smaller-than-expected interest rate hike. The […] Read more
U.S. livestock: CME cattle, hog futures fall to multi-month lows
Recession fears eat at demand expectations
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a two-month low on Monday and the benchmark December lean hogs contract hit an eight-month low as worries about the U.S. and world economy triggered a round of long liquidation, analysts said. “This market is looking for positive news, and not finding a lot. […] Read more
U.S. grains: Wheat joins broad commodities weakness
CBOT corn, soybeans also lower
Chicago | Reuters — U.S. wheat futures fell about three per cent on Friday, joining a broad sell-off in commodity and equity markets tied to fears of an economic downturn that would dent demand, analysts said. Corn and soybean futures joined the weaker trend, pressured by recession fears and favorable weather for the expanding U.S. […] Read more
U.S, grains: Wheat climbs as Ukraine war escalation feared
Corn, soybean futures retreat
Chicago | Reuters — U.S. wheat futures hit their highest in more than two months on Wednesday on fears of an escalation in the Ukraine war that has disrupted crucial Black Sea grain exports, but pared gains as worries about the health of the global economy pressured the wider commodities sector. Corn and soybean futures […] Read more
Canadian Cattlemen Presents: Depth of Field
