Analysis: Commodities

Wheat set for second weekly decline on improved world supply outlook

Chicago wheat futures lost more ground on Friday, poised for a second straight weekly decline, after the U.S. Department of Agriculture forecast larger-than-expected global production, fuelling the...

Oil prices dive to two-month lows on COVID-19 variant, surplus jitters

Oil prices dived around 6% on Friday, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter....

Oil near six-week low as China readies crude reserve release

Oil prices slid to six-week lows on Thursday before recovering some ground, as China said it was moving to tap reserves after a Reuters report that the United States was asking large consuming nations...

Commodities : Energy and metal prices ease

Energy prices are in a state of flux and are easing as fast as they have been rising in recent weeks. A similar dynamic can be observed in the base metals segment, albeit to a much lesser extent.

Commodities: The snowball effect

On commodity markets, soaring energy prices and shortages disrupt other industries, leading to further price increases, and so on. It is the snowball effect.

It's not just gas that's going up

Price inflation, supply chain disruptions and idling factories... These has almost become the new normal this year, with the semiconductor crisis and the explosion in freight prices. And there is more...

Canada's second largest pension fund moves away from oil

Canada's second-largest pension fund, Caisse de Dépôt et Placement du Quebec, announced on Tuesday that it would divest all of its oil production assets, valued at CAD3.9 billion , by the end of...

Oil: Fresh boost due to supply tensions

The oil market slump did not last long. The decline in US production, temporarily affected by Hurricane Ida, has offset the increase in extractions decided by OPEC+, the organization following to the...

Precious metals: bad week for palladium, gold recovers

Gold rebounded above $1,800 on Friday, supported by bets that central banks could keep interest rates relatively low to stave off persistent growth risks. On the week, however, the ounce lost ground...

Sea freight: one route, two ways

Much has been written in recent months about the ins and outs of the current disruption of global freight. The result is an explosion in the cost of ocean freight, as illustrated by the Freightos...

Copper edges higher on weak dollar, U.S. jobs report eyed

Copper rose on Friday as the dollar sank to its lowest in almost a month, and was on track for a second straight weekly gain ahead of a crucial U.S. jobs report that is expected to guide markets on...

Gold extends decline on firmer dollar, pre-Jackson Hole jitters

Gold extended a retreat on Thursday as a firmer dollar and U.S. Treasury yields combined with uncertainty about the stance the Federal Reserve's could take on tapering of its economic support in its...

Corn down as USDA says U.S. crop better than expected

U.S. corn futures fell on Tuesday after a U.S. Department of Agriculture report eased concerns about the condition of crops in the United States. Soybeans firmed on hopes of more Chinese demand...

Commodities: A backlash and Beijing's iron ore offensive

The first half of the year has been full of twists and turns for commodity markets. Timber is certainly the most interesting case. Its price, which has doubled in a few months, is now back to levels...

Why the cost of ocean freight is set to rise further

ING experts believe that the cost of shipping has not yet finished rising. Shipping costs have risen sharply and fierce competition for ocean freight capacity is the new normal, they explain in a new...

Gold and cocoa miss out on broad-based commodity rebound

The commodity boom has been much talked about lately, especially its impact on inflation expectations. This gives us the opportunity to take a quick look at the situation in order to better understand...

CO2 prices become punitive for coal plants in Europe

The soaring price of European Union emissions permits is prompting more utilities to switch from high-carbon coal to natural gas for power generation in Germany, which could accelerate the phase-out...

India's sugar production seen rising again in the new season: USDA

Following are selected highlights from a report issued on Tuesday by the U.S. Department of Agriculture's Foreign Agricultural Service post in New Delhi:...

Gold rises as U.S. Treasury yields, dollar pause

Gold gained on Tuesday as a rise in U.S. Treasury yields stalled and the dollar steadied near multi-week lows. ...