USDA disparity in Brazil crop forecasts spreads to Argentina -Braun

USDA disparity in Brazil crop forecasts spreads to Argentina -Braun

The U.S. Department of Agriculture has held vastly differing views on Brazil’s corn and soybean production than its Brazilian counterpart Conab, but now the U.S. agency has taken a mild approach in...
April 11, 2024 at 06:10 pm EDT
Investors bet on further rise in US gasoline prices:  Kemp

Investors bet on further rise in US gasoline prices: Kemp

Portfolio investors have amassed one of the largest bullish positions in U.S. gasoline futures and options since before the coronavirus pandemic, anticipating that prices will continue climbing over...
April 11, 2024 at 01:46 pm EDT
Copper, the metal of the future, caught in the crossfire

Copper, the metal of the future, caught in the crossfire

Copper, often considered a barometer of global economic health, is currently attracting the attention of investors. Spot copper is trading at around $8,700 a tonne at the beginning of April 2024.
Our Logo April 11, 2024 at 11:36 am EDT
La Nina weather 60% likely to develop from June-August, says US forecaster

La Nina weather 60% likely to develop from June-August, says US forecaster

A U.S. government weather forecaster expects an about 60% chance of the La Nina weather pattern characterized by unusually cold temperatures in the Pacific Ocean emerging in the second half of 2024. ...
April 11, 2024 at 10:02 am EDT
ICE Review :  Canola Holds to Narrow Range, Awaits USDA Reports

ICE Review : Canola Holds to Narrow Range, Awaits USDA Reports

WINNIPEG, Manitoba--Intercontinental Exchange canola futures closed mostly higher as trading bounced back and forth on either side of unchanged. Support for canola came from gains in European...
April 10, 2024 at 03:40 pm EDT
Can analysts out-predict USDA, Conab on Brazil crop forecasts? -Braun

Can analysts out-predict USDA, Conab on Brazil crop forecasts? -Braun

Market analysts once again seek a sizable cut to Brazil’s ongoing soybean harvest from the U.S. Department of Agriculture on Thursday despite disappointment over the agency’s relatively modest...
April 10, 2024 at 02:03 pm EDT
Palladium prices still at record lows

Palladium prices still at record lows

Hopes of a rebound in the price of the precious metal have so far been dashed by the market.
Our Logo April 10, 2024 at 09:34 am EDT
Smelter charges collapse as zinc mine supply falters:  Andy Home

Smelter charges collapse as zinc mine supply falters: Andy Home

Benchmark zinc smelter treatment charges have fallen sharply this year, attesting to a tightening of the mine supply chain. Canadian miner Teck Resources has agreed to pay Korea Zinc...
April 09, 2024 at 08:00 pm EDT
Smelter charges collapse as zinc mine supply falters:  Andy Home

Smelter charges collapse as zinc mine supply falters: Andy Home

Benchmark zinc smelter treatment charges have fallen sharply this year, attesting to a tightening of the mine supply chain. Canadian miner Teck Resources has agreed to pay Korea Zinc...
April 09, 2024 at 07:02 am EDT
Oil funds turn bullish as Mideast conflict intensifies:  Kemp

Oil funds turn bullish as Mideast conflict intensifies: Kemp

Portfolio investors are increasingly bullish about oil as Saudi Arabia and its OPEC allies restrict production in the face of rising demand and the shadow war between Israel and Iran spills into the...
April 08, 2024 at 09:01 pm EDT
Gold bulls eye more record highs despite lightning gains

Gold bulls eye more record highs despite lightning gains

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The...
April 05, 2024 at 07:02 am EDT
U.S. manufacturers emerge from slump, set to boost fuel use:  Kemp

U.S. manufacturers emerge from slump, set to boost fuel use: Kemp

U.S. manufacturers have finally pulled out of the long, shallow slump that started in the middle of 2022, which will support petroleum consumption especially for diesel and other middle distillates in...
April 04, 2024 at 12:26 pm EDT
Wider bird flu spread raises concern for humans, animal health body says

Wider bird flu spread raises concern for humans, animal health body says

The spread of bird flu to an increasing number of species and its widening geographic reach have raised the risks of humans being infected by the virus, the head of the World Organisation for...
April 04, 2024 at 09:53 am EDT
Tropical forest loss eased in 2023 but threats remain, analysis shows

Tropical forest loss eased in 2023 but threats remain, analysis shows

Tropical forest loss declined last year, but other indicators show that the world's woodlands remain under tremendous pressure, according to an analysis released on Thursday by the Global Forest...
April 04, 2024 at 12:09 am EDT
OPEC+ gets oil price to its sweet spot, the trick is keeping it there:  Russell

OPEC+ gets oil price to its sweet spot, the trick is keeping it there: Russell

There was no surprise that a top meeting of OPEC+ ministers opted to keep output policy unchanged since the global crude oil market is almost exactly where the exporter group wants it. ...
April 03, 2024 at 08:00 pm EDT
ICE Weekly :  More Room to Upside for Canola

ICE Weekly : More Room to Upside for Canola

WINNIPEG, Manitoba--It was a tale of two halves for canola during the week ended Wednesday. After the May contract on the Intercontinental Exchange fell to its lowest level in two and a half...
April 03, 2024 at 04:18 pm EDT
BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks

BofA hikes 2024 oil forecasts on tighter supply, geopolitical risks

Bank of America Global Research has raised its 2024 Brent and WTI oil price forecasts, citing escalating geopolitical tensions and the OPEC+ producer group maintaining supply curbs. The...
April 03, 2024 at 06:48 am EDT
China PMI boosts sentiment, but commodity imports may have front-run:  Russell

China PMI boosts sentiment, but commodity imports may have front-run: Russell

The return of China's key manufacturing index to positive territory for the first time in six months has sparked optimism that commodity demand from the world's biggest buyer of natural resources...
April 03, 2024 at 12:27 am EDT
Distillate futures see big outflow of speculative money:  Kemp

Distillate futures see big outflow of speculative money: Kemp

Portfolio investors have continued to realise profits on formerly bullish diesel positions and begun to turn bearish as supplies adjust to the disruption of trade through the Red Sea and a mixed...
April 02, 2024 at 09:00 pm EDT
Wet April outlook offers mixed benefits for US winter wheat, corn -Braun

Wet April outlook offers mixed benefits for US winter wheat, corn -Braun

U.S. winter wheat crop conditions have finally returned to more normal levels following two seasons marred with significant drought, boding well for harvest prospects. At the same time,...
April 02, 2024 at 03:14 pm EDT
-40% Limited Time Offer: Our subscriptions help you unlock hidden opportunities.
BENEFIT NOW