Analysis: Commodities

Wheat retreats from recent rally, but global supply woes limit losses

Chicago wheat futures eased on Tuesday after climbing almost 6% in the previous session, although lower U.S. winter crop ratings and frost damage in Russia are likely to limit losses. Soybeans and...

Copper's record run at risk as US shipments calm speculator frenzy

Copper's lightning rally to record highs may not be sustainable in the coming weeks, with action concentrated on the shipment of material to cover exposed short positions in the U.S. Comex futures...

Ferocious CME copper squeeze presages future turbulence: Andy Home

The copper rally turned ugly this week, morphing into a ferocious short squeeze on the U.S. contract operated by CME Group. CME cash copper hit a record high of $5.1775 a lb, or $11,414...

Ferocious CME copper squeeze presages future turbulence: Andy Home

The copper rally turned ugly this week, morphing into a ferocious short squeeze on the U.S. contract operated by CME Group. CME cash copper hit a record high of $5.1775 a lb, or $11,414...

The outlook for resources, May 2024

Perennial Partners Portfolio Manager and Resources Analyst Sam Berridge discusses the outlook for resources.

China iron ore imports likely at peak, demand composition to shift: Russell

China's demand for imported iron ore has most likely peaked, but the composition of future imports are likely to shift as the world's biggest steel producer seeks to decarbonise. China,...

Investors abandon bullish case for US gasoline: Kemp

U.S. gasoline prices and refining margins have come under pressure as inventories deplete more slowly than normal for this time of year, indicating supplies are plentiful, and undermining the bullish...

Analysis : U.S. Gasoline Marketers May Face Tough Demand Challenge in June -- OPIS

Baseball fans are familiar with the term June swoon. And U.S. refiners and fuel marketers are worried that description could apply to their businesses should gasoline demand remain weak. Gasoline...

ICE Canada Weekly Outlook : Strong Market Running Into Resistance

WINNIPEG, Manitoba--ICE futures canola contracts ran into resistance after hitting their highest levels in five months on May 13, with a fresh catalyst likely needed to keep values pointed higher. ...

Commodities Overview: Oil slips, copper rises and wheat soars

Each week, the Commodity Overview provides an outline of the latest developments in the commodities markets to help you better understand the fluctuations in the prices of energy, metals and...

Nymex Overview : Gasoline Futures Rise Following EIA Report -- OPIS

Gasoline futures were advancing while crude and diesel contracts bounced off earlier declines to struggle close to positive territory Wednesday following the release of bullish federal inventory and...

Weak Asia refining margins see swing to crude from the Americas: Russell

The profit from turning a barrel of crude oil into fuels in Asia is at the lowest in seven months, which is leading refiners to turn away from expensive Middle East grades and seek cheaper...

DEUTSCHE BANK SAYS THEY ARE DOWNGRADING OUTLOOK FOR PGMS…

DEUTSCHE BANK SAYS THEY ARE DOWNGRADING OUTLOOK FOR PGMS ...

Tin prices may see further support from supply risks, rate cuts, analysts say

Tin prices, which have rallied in recent months to near two-year highs, could be bolstered further by supply disruptions, ongoing geopolitical conflicts, fund inflows in the event of interest rate...

Formerly bullish investors dump oil as demand disappoints: Kemp

Investors sold petroleum futures and options in the most recent week at the fastest rate for a year as the war risk premium continued to evaporate and the anticipated strong recovery in consumption...

China's commodity imports show prices beat economic narrative: Russell

China's imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher. The temptation...

Platinum, palladium, rhodium prices seen down in 2024 despite deficit, Metals Focus says

Average prices for platinum, palladium and rhodium are expected to fall this year compared with 2023 despite another year of structural deficit for all the three metals of the group, consultancy...

China's commodity imports show prices beat economic narrative: Russell

China's imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher. The temptation...

Renewable fuels take bite out of US diesel consumption: Kemp

Biodiesel and other renewable diesel fuel oils are displacing a small but growing volume of petroleum-derived distillate fuel oil in the United States, especially in California and other parts of the...