Stock market analysis : Commodities

Copper markets assessed with a much-needed lens of objectivity

LATESTIn recent months, there has been a dash for copper and related miners. Th reasons for this euphoria range from better macros to renewed M&A activity. However, amid all this frenzy, there are...

June 06, 2024 at 08:44 am EDT

Gold Price Set to Hit Fresh High in Second Half of Year, New Report Says

By Joe Hoppe Gold is likely to hit a new all-time high in the second half of the year, on supportive central bank demand, geopolitical concerns and investor fears of missing out, according to...

June 06, 2024 at 08:15 am EDT

OPEC+ switches strategy to defend market share: Kemp

Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth...

June 04, 2024 at 09:00 pm EDT

OPEC+ switches strategy to defend market share: Kemp

Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth...

June 04, 2024 at 10:57 am EDT

Corn stays weak, wheat and soybeans steady after slide

Chicago corn futures edged lower on Tuesday to hold near a six-week low after a government report underscored a favourable start to the U.S. growing season. Soybeans inched higher to come off a...

June 04, 2024 at 05:26 am EDT

Funds keep faith with copper even as squeeze fades: Andy Home

The vicious squeeze on the CME copper contract appears to have largely passed but fund managers are sticking with their bullish convictions on both U.S. and London markets. There has...

June 03, 2024 at 10:26 am EDT

US oil futures draw renewed interest from hedge funds: Kemp

Portfolio investors purchased petroleum contracts for the first time in seven weeks as traders squared up short positions ahead of a meeting of OPEC ministers to decide production policy in the second...

June 03, 2024 at 09:10 am EDT

Gold prices in neutral as investors seek more US data

Gold prices traded flat on Monday as investors awaited multiple U.S. economic reports this week for clues on health of the economy, after a recent inflation report suggested the Federal Reserve might...

June 03, 2024 at 05:48 am EDT

OPEC+ bets the robust crude oil demand forecast is right: Russell

The OPEC+ decision to extend crude oil production cuts is an acknowledgment that demand growth is still uncertain, but also that the group remains hopeful its bullish scenario is correct. ...

June 02, 2024 at 08:03 pm EDT

Oil market torpor sends investors to other commodities: Kemp

Global petroleum markets have become calm again after massive disruptions caused by the coronavirus pandemic, Russias invasion of Ukraine, and the sanctions imposed in response by the United States...

May 30, 2024 at 12:44 pm EDT

Morgan Stanley Says Refining Margins Will Recover in Coming Months -- OPIS

Morgan Stanley told clients Thursday that the weakness in refining margins is temporary and predicted widening margins in coming months. The bank said that May crude processing levels have been...

May 28, 2024 at 03:48 pm EDT

Goldman Sachs Raises Oil Demand Forecast; Sees Peak at Least a Decade Away -- OPIS

Analysts at Goldman Sachs raised their global oil demand forecast and said peak petroleum demand is at least a decade away in a report released Sunday. The analysis isn't as bullish as the path...

May 28, 2024 at 12:47 pm EDT

Commodities Overview: Wheat makes a strong comeback

Every week, the commodities overview gives you the opportunity to review the latest news on the commodities markets, to better understand the variations in energy, metal and agricultural commodity...

May 28, 2024 at 11:20 am EDT

Iron ore prices lack conviction despite China stimulus moves: Russell

The balance of risks for iron ore prices are tilted to the downside despite top buyer China's most recent steps to boost its struggling property sector. A series of stimulus measures...

May 28, 2024 at 01:03 am EDT

EU crop monitor trims wheat, rapeseed yield outlook on mixed weather

The European Union crop monitoring service on Monday trimmed its outlook for this year's EU soft wheat and rapeseed yields while upping its forecasts for barley and maize as good prospects in Spain...

May 27, 2024 at 10:23 am EDT

Analysis-How can Milei unlock Argentina's copper riches? Fix the economy

Argentina has big ambitions for the untapped copper riches in its Andean north. It wants to be a top 10 global producer and has attracted investors such as Glencore, Lundin Mining and First...

May 23, 2024 at 06:02 am EDT

China's food security dream faces land, soil and water woes

China, the world's biggest agriculture importer, has set targets to drastically reduce its reliance on overseas buying over the coming decade in line with its push for food security, but they will be...

May 23, 2024 at 02:33 am EDT

Copper squeezed in the United States but China has plenty: Andy Home

The London Metal Exchange copper price hit a record nominal high of $11,104.50 per metric ton on Monday. The London market is playing catch-up with its U.S. peer CME Group, where a...

May 22, 2024 at 07:00 pm EDT

Citigroup Analysts Believe U.S. Natural Gas Futures Rally Has Run its Course -- OPIS

Front month Henry Hub natural gas futures have risen 40% so far in May, but Citigroup's commodities team believes the rally has run out of steam. The bank recommended a neutral position on...

May 22, 2024 at 10:53 am EDT

Copper squeezed in the United States but China has plenty: Andy Home

The London Metal Exchange copper price hit a record nominal high of $11,104.50 per metric ton on Monday. The London market is playing catch-up with its U.S. peer CME Group, where a...

May 22, 2024 at 08:55 am EDT

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