Hot inflation pressures from excessive US fiscal and monetary policy responses to the 2020 COVID crisis supported commodity markets early in Q1. Moreover, Ukraine and Russia, together, represent a veritable commodity superstore, providing critical commodities to the world.Roll yields became positive across the commodity complex for the first time in …
Read More »Growth Concerns, Strong USD Drive Investors Away From Metals
A week that saw a continued deterioration in the global growth outlook driven by extended China lockdowns, a stronger dollar and increasingly aggressive rate hike signals from members of the US Fed. The week highlighted how traders positioned themselves ahead of last Wednesday’s FOMC meeting. During the week US ten-year …
Read More »ECB Struggles With Weaker Euro
It is evident that ECB president Christine Lagarde has a euro problem though weaker euro is the last thing that Lagarde needs at a time when the ECB is trying to tame hot inflation within the Eurozone. As inflation nears 7.5 percent, the fastest rate since 1999, the exhausted euro …
Read More »Ukraine can export 600,000 tons of grain and oilseeds per month
With the Black Sea ports closed, Ukraine can export 600,000 tons of grain and oilseeds per month, but may increase its export capacity to 2 million tons, the Ukrainian Grain Traders Union (UGA) said on Monday. Ukraine used to export almost all of its grains and oilseeds through seaports but …
Read More »Commodities Finish Best Quarter in Over 30 Years
Commodities wrapped up their best quarter in over 32 years in the aftermath pf Russia’s invasion of Ukraine supercharged a rally in markets from oil to wheat and nickel.The commodities’ rally extends last year’s rebound, which was driven by higher consumer demand for goods and services when the economy reopened …
Read More »US wheat and corn prices fall amid hopes for a ceasefire in Ukraine
US wheat futures fell 4% and corn futures fell 4% on Tuesday, as comments from Russia and Ukraine, following talks in Turkey, revived hopes for a ceasefire in a conflict that has disrupted major grain exports from the Black Sea region. The Chicago Board of Trade May wheat futures fell …
Read More »The government of Ukraine ends restrictions on the export of corn and sunflower oil
The Ukrainian government website reported on Friday that the government has removed the requirement to obtain export licenses for corn and sunflower oil for the 2021-2022 season. Ukraine had suspended exports of some grains, salt, sugar, meat and livestock as it battled an invasion by Russian military forces, and loaned …
Read More »Cash Crunch Drives Wild Moves In Commodities
Exchanges and brokers are demanding more money up front to trade oil, wheat and natural gas, straining markets already dealing with supply disruptions from the Ukraine war. Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn …
Read More »Nickel prices fell 12% on the London Metal Exchange
3-month nickel contracts retraced 12% on Friday morning to new trading levels, as heavy selling continued in the international metals markets. The price reached 36,915 dollars per metric ton with the opening of trading on the London Metal Exchange. Nickel prices doubled within hours on March 8, surpassing $100,000 a …
Read More »How Important Is Fed’s First Rate Hike Since 2018 To Future of US Economy?
The Federal Reserve has just raised its benchmark interest rate for the first time since 2018, but it is already time for the market to look beyond this move. While there are complicating factors such as the war in Ukraine, the most prominent issue for the Fed is that economic …
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