Analysis: Commodities

ICE Canada Weekly Outlook : Canola Likely to Fall Back

WINNIPEG, Manitoba--Expect canola futures to continue to retreat for the time being, according to broker Jamie Wilton of R.J. O'Brien. They will chop around a little bit, he said noting the...

US, Mexico move to thwart China circumvention of US steel, aluminum tariffs

The U.S. and Mexico on Wednesday announced new steps to fight the circumvention of U.S. tariffs on steel and aluminum by China and other countries that ship products through Mexico, implementing a...

India to sell wheat from state stocks to flour millers, biscuit makers

India plans to sell wheat from its state reserves to bulk consumers such as flour millers and biscuit makers from next month, according to a government order seen by Reuters, as it seeks to keep a lid...

Gold prices steady with spotlight on US inflation print

Gold prices held steady on Wednesday, with investors looking towards key U.S. inflation data that could shed more light on the Federal Reserve's interest rates trajectory. ...

Global oil market seen in supply deficit next year, EIA says

NEW YORK, July 9 - Global oil markets are expected to be in a supply deficit next year, the U.S. Energy Information Administration said on Tuesday, reversing its prior forecasts of a...

Gold edges higher as investors await Powell's testimony

Gold prices inched higher on Tuesday after a sharp drop in the previous session, with investors awaiting Federal Reserve Chair Jerome Powell's testimony before Congress and June inflation data to...

Nigeria to suspend taxes on certain food imports to curb rising prices

Nigeria plans to suspend taxes on certain food imports including wheat and maize for 150-days, and recommend a retail price to try to bring under control rising prices in Africa's most populous...

Global hydro rebound will curb fossil fuel growth in 2024: Kemp

Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion...

High gold prices dull activity in India and China

Physical gold dealers in India offered discounts for the ninth consecutive week due to high prices, as they await a potential import duty reduction in the upcoming budget, while top consumer China...

Gold eyes second straight weekly rise; spotlight on US payrolls

Gold prices edged up on Friday and were set for a second straight weekly gain, while traders awaited U.S. employment data to gauge the trajectory of the Federal Reserve's potential interest rate...

Tin outperforms as broader base metals rally falters: Andy Home

The London Metal Exchange Index hit a two-year high in May when funds surged into base metals, chasing a narrative of manufacturing recovery, super-charged energy transition demand and constrained...

China's rapid renewables rollout hits grid limits: Kemp

China's record-breaking deployment of wind and solar capacity has worsened regional power imbalances, forcing the country to idle increasing amounts of renewable generation when it overwhelms local...

Tin outperforms as broader base metals rally falters: Andy Home

The London Metal Exchange Index hit a two-year high in May when funds surged into base metals, chasing a narrative of manufacturing recovery, super-charged energy transition demand and constrained...

Gold inches up after weak data fuels US rate cut bets

Gold prices drifted higher on Thursday after softer-than-expected U.S. economic data fuelled hopes that the Federal Reserve could cut interest rates as soon as September. Spot gold was...

Oil prices slip after data points to cooling U.S. economy

Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than expected, in signs the economy may be cooling in the world's top oil consuming nation. ...

Canada records third straight monthly trade deficit in May

Canada recorded a bigger-than-expected trade deficit of C$1.93 billion in May, the third consecutive monthly shortfall, as exports declined faster than imports, data showed on...

Gold flat as investors focus on Fed minutes

Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve's last policy meeting for fresh cues on when the U.S. central bank will start cutting interest rates. ...

U.S. oil output growth slows, gas begins to fall: Kemp

U.S. oil production continues to grow even as gas starts to turn down, with the diverging fortunes of the two sectors reflecting the much steeper slump in gas prices and drilling activity since the...

U.S. oil output growth slows, gas begins to fall: Kemp

U.S. oil production continues to grow even as gas starts to turn down, with the diverging fortunes of the two sectors reflecting the much steeper slump in gas prices and drilling activity since the...