Commodities Analysis & Opinion

Cocoa prices have pulled away from 3-½ year lows despite recession risk Current $2,290/tonne price compares with March 2018 low of beneath $2,200 Friendly weather, abundant supply and growing...

In another example of market unpredictability, wheat futures are being hammered. The Russian invasion of Ukraine exasperated a supply shortage caused by coronavirus lockdowns. Russia and Ukraine are...

Heating oil down 11% from the week ended Sept. 30 through Oct. 21 Plunge came as first distillate stockpile build in 4 weeks met warm weather Charts indicate drop to $3.39 and below if next...

China’s flip-flops over COVID lockdowns are an anathema for crude traders Beijing’s September oil import of 9.79 million bpd was down 2% yoy More weakness if WTI holds below $90 and last...

This week, the Biden administration announced the release of 15 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR). The Biden administration began releasing oil from the SPR early...

Henry Hub’s front-month trades decisively below $6 vs. late August high of $10 More pain for gas longs as heating demand lower than year-ago bearish levels US utilities likely added a...

Gold is off to a good start to the week However, the metal's fundamentals remain unfavorable in the long term Technically, a test of the resistance area between $1660 to $1676 should be critical going...

Energy prices traded lower last week with macro pressures proving too much for markets. However, supply concerns remain, not just in the energy complex, but across the broader commodity spaceEnergy:...

Gold prices are trading somewhat steadily today but still under the influence of the strong dollar, which is stopping the precious metal from scoring any serious gains.The main event for gold traders...

The dollar is hovering near 20-year highs ahead of tdoay's US CPI release, which the Federal Reserve may respond to with a fourth consecutive jumbo interest rate hike.James Ashley, head of...

Last week, OPEC+ agreed to a 2 million bpd cut in production quotas for the months of November and December. This cut is slightly larger than what producers discussed leading up to the meeting. The...

Short-lived, non-intense cold snap seen impacting eastern third of US next week Weather models likely to show temperatures at mildly above average conditions Technicals suggest gas under $6 in weeks...

Raw sugar up 4 weeks in a row, in its best showing in 18 months Ethanol demand supportive, despite tax fuel cuts by top sugar grower Brazil This week’s crude price slide and US-Saudi troubles...

Dollar Index could revisit 114 to 114.75 range Break below $1,660 looks vulnerable for spot gold Immediate downside at $1,650-$1,640, could extend to $1,630 and $1,616 But short-term range has...