Analysis: Commodities

Copper edges higher on weak dollar, U.S. jobs report eyed

Copper rose on Friday as the dollar sank to its lowest in almost a month, and was on track for a second straight weekly gain ahead of a crucial U.S. jobs report that is expected to guide markets on...

Gold extends decline on firmer dollar, pre-Jackson Hole jitters

Gold extended a retreat on Thursday as a firmer dollar and U.S. Treasury yields combined with uncertainty about the stance the Federal Reserve's could take on tapering of its economic support in its...

Corn down as USDA says U.S. crop better than expected

U.S. corn futures fell on Tuesday after a U.S. Department of Agriculture report eased concerns about the condition of crops in the United States. Soybeans firmed on hopes of more Chinese demand...

Commodities: A backlash and Beijing's iron ore offensive

The first half of the year has been full of twists and turns for commodity markets. Timber is certainly the most interesting case. Its price, which has doubled in a few months, is now back to levels...

Why the cost of ocean freight is set to rise further

ING experts believe that the cost of shipping has not yet finished rising. Shipping costs have risen sharply and fierce competition for ocean freight capacity is the new normal, they explain in a new...

Gold and cocoa miss out on broad-based commodity rebound

The commodity boom has been much talked about lately, especially its impact on inflation expectations. This gives us the opportunity to take a quick look at the situation in order to better understand...

CO2 prices become punitive for coal plants in Europe

The soaring price of European Union emissions permits is prompting more utilities to switch from high-carbon coal to natural gas for power generation in Germany, which could accelerate the phase-out...

More than beans: Nestle recycles cocoa fruit waste to replace sugar in chocolate

As confectionery groups scramble to reduce added sugar, chocolate sweetened with cocoa fruit pulp is about to hit supermarket shelves with food giant Nestle ready to launch its Incoa bar....

Oil slips, retreats from gains notched on strong Chinese data

Oil prices edged lower on Monday, pulling back from early gains fostered on strong Chinese economic news and ongoing supply restraint from major oil producers....

Oil settles near $70/bbl on hopes of recovering demand

Oil settled near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year....

BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

Bank of America Global Research lifted its forecast for Brent crude oil prices for this year citing tighter supplies due to the Texas freeze and OPEC+ output curbs and unmatched global monetary...

Chilean miner Codelco says copper price spike will bolster war chest, raise costs

Chile's state-owned Codelco, the world's largest copper producer, views the recent spike in the price of the red metal as a good opportunity to generate cash for investments and hold down debt, but...

Amid Texas freeze, oil producers still shut; governor bans natural gas exports

Texas oil producers and refiners remained shut for a fifth day on Wednesday after several days of blistering cold, and the governor ordered a ban on natural gas exports from the state to try to speed...

Oil settles near 13-month highs; Texas deep freeze supports

Oil prices settled near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas....

Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

U.S. shale producer Chesapeake Energy Corp on Tuesday exited Chapter 11 bankruptcy with business plan that nods to its founders' emphasis on natural gas after a recent push into crude oil....

Oil prices surge for seventh straight day of gains

Oil prices rose on Tuesday for their seventh straight session of gains, touching 13-month highs as investors kept betting that fuel demand will rise while OPEC and allied producers keep a lid on...

Oil rises 2% to more than one-year high on supply cuts, stimulus hopes

Oil prices rose 2% on Monday to their highest in over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus....

Global equities rally as more U.S. stimulus looms, silver slides

Global stock markets surged for a second day on Tuesday, spurred by increased optimism about more U.S. stimulus and the economic recovery, while retail investors retreated from GameStop and fleeting...

Silver dealers scramble to find supplies for retail buyers

A retail investment frenzy in silver over the past couple of days driven by social media has left dealers in some regions scrambling for bars and coins to meet demand....