Analysis: Commodities

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said...

AI likely to weigh on oil prices over the next decade, Goldman says

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable...

Goldman Sachs says 'go for gold' as China weighs on other commodities

Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk, while weak demand from China has led to a more selective, less...

Gold edges down on stronger dollar, market awaits US inflation data

Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. ...

'Nature is punishing us': Drought imperils farmers and bees in Mexico's north

In the northern Mexican state of Chihuahua, residents and farmers have anxiously watched and waited for clouds to bring rain to refill dried-out dams, water wells and lagoons. They've waited so far in...

Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

Goldman Sachs, German industrial company BASF and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of conspiring to suppress platinum and...

Investors rush to money market funds before Fed rate cut, BofA says

Investors poured $37 billion into cash-like money market funds in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S. Federal Reserve to cut interest rates in...

US oil export gains slow as output, global demand turn tepid

U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand...

Oil bears turn cautious as financial market strains ease: Kemp

Investors trimmed their bearish short positions in petroleum after other financial markets steadied following a sudden plunge earlier this month and crude prices found support above $75 per barrel. ...

Positive Market Outlook as U.S. Dollar Slides

A roundup of key agricultural commodity markets for the week of Aug. 19-Aug. 23 by Dow Jones Newswires in Barcelona. By Joe Hoppe GRAINS & OILSEEDS: The macro mood is bullish for...

Oil bears turn cautious as financial market strains ease: Kemp

Investors trimmed their bearish short positions in petroleum after other financial markets steadied following a sudden plunge earlier this month and crude prices found support above $75 per barrel. ...

Crop Watch: Rains quench crops ahead of upcoming dry stretch -Braun

SIOUX FALLS, South Dakota, Aug 18 - U.S. Crop Watch corn and soybeans finally received good rains last week, mostly maintaining crop potential ahead of what looks to be a...

Huge US corn, soy yields will be put to the test by annual crop tour - Braun

Record yield expectations have been laid out for U.S. corn and soybeans, and it will be up to next week’s Pro Farmer Crop Tour to either reinforce or reject this narrative. The crop...

China boosts crude oil stockpiles in July amid weak refining: Russell

Even though its imports of crude oil fell to the lowest in almost two years in July, China continued to boost stockpiles in July as refinery throughput fell for a fourth month. China,...

Chicago soybeans may have found fair market value if demand can be trusted -Braun

Soybean prices were already on their way to a historical downward correction before suspicions of a record U.S. crop were confirmed this week, and the latest price levels could be satisfactory...

Commodities Overview: Geopolitics back in the spotlight

Every week, the commodities overview reviews the latest news on the commodities markets, to better understand the variations in the prices of energy, metals and agricultural raw materials.

Sicily's orange growers call for help as drought threatens output

Sicily's orange farmers warned on Tuesday that searing heat and drought risked wrecking this year's production and called for help from regional and national authorities to save their business. ...

OPEC's modest cut to 2024 oil demand doesn't reflect weak China: Russell

OPEC's modest cut to its global crude oil demand forecast for 2024 still leaves the producer group with an estimate that will require an extraordinarily strong fourth quarter. The...

OPEC's modest cut to 2024 oil demand doesn't reflect weak China: Russell

OPEC's modest cut to its global crude oil demand forecast for 2024 still leaves the producer group with an estimate that will require an extraordinarily strong fourth quarter. The...