Analysis: Commodities

ICE Review : Canola Weakens Wednesday

WINNIPEG, Manitoba--The ICE Futures canola market was weaker on Wednesday, with profit-taking after recent gains behind some of the selling pressure. Widespread Prairie rains contributed to the...

US gas surplus will be eliminated before end of winter 2024/25: Kemp

U.S. gas inventories are near record highs for this time of year after exceptionally mild temperatures linked to the El Nino weather phenomenon slashed gas and electricity consumption for heating...

Russia's Voronezh region declares crop emergency due to frost

One of Russia's top grain regions, Voronezh, has declared a state of emergency because of frost damage to crops, the regional agriculture ministry said on Wednesday. According to...

Funds negative towards US crude and fuels amid ample stocks: Kemp

Investors shuffled positions in petroleum modestly last week after heavy selling the week before as war risk diminished and prices settled back towards long-term inflation-adjusted averages. ...

Haitians brace for more rain after downpours kill 13

Heavy rains are expected to continue across Haiti on Friday, the national weather service said, after killing at least 13 people in the north and damaging thousands of homes. If you live...

OPEC+ likely to extend production cuts in June: Kemp

Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1. The tightening of...

Asia's crude oil imports slip in April, trail OPEC forecasts: Russell

Asia's imports of crude oil slipped slightly in April from March, as increased arrivals in China failed to offset lower purchases elsewhere in the world's top-importing region. April...

The anomaly behind gold

Gold, often seen as a safe haven in times of economic and geopolitical uncertainty, saw its price reach all-time highs in the first quarter of 2024. This rise was fuelled by growing global demand,...

Goldman Sachs Now Sees Dip to $84/Bbl for December Brent Crude -- OPIS

The commodities team at Goldman Sachs still believes that holding long positions in Brent crude will be profitable, but in a departure from 2023 leanings, the bank said that Brent prices may dip to...

Commodities Overview: Copper nears the USD 10,000 mark

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, metals and agricultural commodity...

Gold demand including OTC was at eight-year high in Q1, WGC says

Global gold demand rose by 3% year-on-year to 1,238 metric tons in the first quarter of 2024, marking the strongest first quarter since 2016, due to active over-the-counter trading, the World Gold...

Hedge funds retreat from oil as war risk fades: Kemp

Investors sold oil at the fastest rate for more than six months amid signs that Israel and Iran have chosen not to escalate their conflict, ensuring the rally in crude prices stalled well before...

Hedge funds retreat from oil as war risk fades: Kemp

Investors sold oil at the fastest rate for more than six months amid signs that Israel and Iran have chosen not to escalate their conflict, ensuring the rally in crude prices stalled well before...

AGS Week Ahead : Positive Mood as Brazilian Real Gains Against Dollar Ahead of Busy Week

By Joe Hoppe A roundup of key agricultural commodity markets for the week April 29-May 3 by Dow Jones Newswires in Barcelona. GRAINS & OILSEEDS: The macro mood is positive as oil prices...

'End of oil not in sight', OPEC Secretary General says in MEES article

The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting...

China's transition hampered by flat-lining energy intensity: Kemp

China's economy has become much less energy intensive over the last 40 years as its industries have modernised and the economy has shifted towards more service sector output. But energy...

ICE Canada Morning Comment : Canola Building Upward Momentum

WINNIPEG, Manitoba--Intercontinental Exchange canola futures shed overnight losses Friday morning, turning higher with support from other vegetable oils. As modest increases in global crude oil...

INSG's latest forecasts cold comfort for nickel producers: Andy Home

Nickel has rallied hard this month, clawing back some of the territory lost during its relentless price slide over the course of 2023. London Metal Exchange three-month nickel touched...

Copper: BHP wants to acquire Anglo American

Anglo American has confirmed that it has received a takeover offer from the BHP group, a deal that would create the world's largest copper mining company, accounting for around 10% of global...