The panic over U.S. president Donald Trump’s initial tariff threats that tanked markets in March and April is now a receding memory.
Tag Archives commodity markets
Prices of crops, oil bounce back from late summer lows
Weather issues and international tensions are lifting prices of several commodities off lows hit in late August and early September. Wheat production estimates and forecasts are down because of weather challenges in Russia, Argentina and elsewhere, helping to lift wheat futures. Crude oil prices are bouncing back as worries mount about a potential Middle East […] Read more
Trigger for short covering market rally remains elusive
For months, crop traders positioned themselves to profit from falling prices and now face risk if something happens to cause prices to rise. In market talk, the trade is net short and from a technical standpoint they are in oversold territory. It is a scenario that could trigger a sudden move higher if Mother Nature […] Read more
Commodity prices to stay high
REUTERS — HSBC said Jan. 2 that squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024 before falling in the following year. “We forecast commodity prices to rise by an average of two percent in 2024 and fall by four percent in 2025,” HSBC wrote in a […] Read more
Worry about recession weighs down commodity markets
It seems markets have got into a funk worrying about the potential for a recession and are betting that demand for commodities, including crops, will be restrained. Crop markets have also replaced the panic caused by Russia invading Ukraine with a more calm assessment. Prices for most major crops have returned to levels similar to […] Read more
