Commodities

ICE Canada Weekly Outlook : Canola Likely to Fall Back

WINNIPEG, Manitoba--Expect canola futures to continue to retreat for the time being, according to broker Jamie Wilton of R.J. O'Brien. They will chop around a little bit, he said noting the...

US, Mexico move to thwart China circumvention of US steel, aluminum tariffs

The U.S. and Mexico on Wednesday announced new steps to fight the circumvention of U.S. tariffs on steel and aluminum by China and other countries that ship products through Mexico, implementing a...

Global hydro rebound will curb fossil fuel growth in 2024: Kemp

Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion...

Tin outperforms as broader base metals rally falters: Andy Home

The London Metal Exchange Index hit a two-year high in May when funds surged into base metals, chasing a narrative of manufacturing recovery, super-charged energy transition demand and constrained...

China's rapid renewables rollout hits grid limits: Kemp

China's record-breaking deployment of wind and solar capacity has worsened regional power imbalances, forcing the country to idle increasing amounts of renewable generation when it overwhelms local...

Tin outperforms as broader base metals rally falters: Andy Home

The London Metal Exchange Index hit a two-year high in May when funds surged into base metals, chasing a narrative of manufacturing recovery, super-charged energy transition demand and constrained...

Oil prices slip after data points to cooling U.S. economy

Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than expected, in signs the economy may be cooling in the world's top oil consuming nation. ...

U.S. oil output growth slows, gas begins to fall: Kemp

U.S. oil production continues to grow even as gas starts to turn down, with the diverging fortunes of the two sectors reflecting the much steeper slump in gas prices and drilling activity since the...

U.S. oil output growth slows, gas begins to fall: Kemp

U.S. oil production continues to grow even as gas starts to turn down, with the diverging fortunes of the two sectors reflecting the much steeper slump in gas prices and drilling activity since the...

Gold Needs a New Catalyst to Boost Prices, or Risks Losing Its Shine

By Joe Hoppe Gold prices have performed remarkably well so far this year, with demand for the precious metal high amid global economic uncertainty and central bank buying, but will likely need...

Commodities Overview: Agriculture takes a beating, metals stabilize and energy rises

Every week, the commodities round-up gives you the opportunity to review the latest developments on the commodities markets, and to gain a better understanding of the variations in the prices of...

Crop Watch: Conditions improve but North needs heat, East needs rain -Braun

U.S. Crop Watch corn and soybean conditions both improved this week after a stretch of mostly supportive weather, but half of the producers still have ongoing crop concerns, particularly on corn. ...

Oil bulls advance cautiously as stocks expected to fall: Kemp

Investors purchased petroleum for the third week running as bearishness triggered by the OPEC+ meeting at the start of June waned and fund managers anticipated a big depletion of inventories in the...

LMEWEEK-Copper the most bullish base metal for H2, market players say

Copper is the base metal with the most bullish potential in the second half of the year, due to continued tight raw material supply, improving Chinese demand and funds interest, industry participants...

LMEWEEK-Copper the most bullish base metal for H2, market players say

Copper is the base metal with the most bullish potential in the second half of the year, due to continued tight raw material supply, improving Chinese demand and funds interest, industry participants...

Oil traders expect large inventory draw in third quarter: Kemp

Crude markets have exhibited an increasing disconnect this month between rising spot prices and calendar spreads on the one hand and swelling inventories on the other. But futures...

Oil prices edge higher as supply risks mount

Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions...

Citi Advises Not to Chase the Current Oil Rally -- OPIS

Analysts at Citi acknowledged the strong crude-oil rally over the past couple of weeks that has taken Brent to the $86/bbl level and shifted the structure from contango back to fairly steep 90cts...

Scaling an Indonesian volcano to pray for rain

STORY: For centuries, Indonesia's Tenggerese people have invoked an ancient ritual on the slopes of the stunning Mount Bromo, an active volcano. It's known as the Kasada...