(Bloomberg) — Commodities tumbled as China’s Covid outbreak worsened and a series of stunning street protests in cities across the nation threaten to derail economic activity and sap demand for energy, food and raw materials. Base metals dropped in early trading, with copper futures declining as much 2% in London before paring losses alongside Chinese […]
Read More(Bloomberg) — Commodities have opened the fourth quarter in some style, with prices posting the biggest weekly gain since March after OPEC+ agreed to chop oil supply. The coming week will bring a host of signals on the outlook over the rest of the year and into 2023 before earnings season hits full flood. In […]
Read More(Bloomberg) — Goldman Sachs Group Inc. urged investors to pile into commodities as most recession risks coursing through global markets are overblown in the near term, arguing that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals. “Our economists view the risk of a recession outside Europe in the next […]
Read More(Bloomberg) — Investors should modestly trim stock holdings and shift the money to commodities after equities outpaced other assets amid receding recession fears, according to JPMorgan Chase & Co. strategists led by Marko Kolanovic, one of Wall Street’s staunchest bulls. With Friday’s report on US payrolls building on a string of stronger-than-expected economic data, the […]
Read More(Bloomberg) — Commodities are careering into a second half that promises as much turmoil as the first, with the world facing an escalating energy crisis, copper plunging on Fed-fueled recession fears, and Russian President Vladimir Putin delivering a shock for Shell Plc. Russia’s move to reshuffle ownership of the Sakhalin-2 gas plant spells trouble for […]
Read More(Bloomberg) — A glut of fertilizers at the biggest Brazilian ports signals that the price of the nutrients may have to drop further before farmers start buying. In Paranagua, private warehouses reached theirs maximum storage capacity of 3.5 million tons, according to Luiz Teixeira da Silva, Paranagua’s operations director. A terminal operated by VLI Logistics, […]
Read More(Bloomberg) — Wheat in Chicago plunged the most allowed by the exchange on improved prospects for Ukraine grain shipments and US crop weather. Corn and soybeans also tumbled. Russia discussed Black Sea exports with Turkey on Monday and said it is willing to help ensure Ukrainian exports, though the Kremlin provided no details and some […]
Read More(Bloomberg) — Investors should get out of bonds as rates rise and diversify their portfolios with exposure to commodities such as agricultural products, oil and metals facing supply disruptions due to the war in Ukraine, according to Rebecca Patterson, chief investment strategist for Bridgewater Associates. “You should absolutely have commodities in your portfolio,” Patterson said […]
Read More(Bloomberg) –Commodities could surge by as much 40% — taking them far into record territory — should investors boost their allocation to raw materials at a time of rising inflation, according to JPMorgan Chase & Co. While allocations appear to be above historical averages on commodities, they are not very overweight, according to strategists led […]
Read More(Bloomberg) — Freeport-McMoRan Inc. and Goldman Sachs Group Inc. share a bullish outlook for copper. They appear to diverge, however, on how much of an impact higher prices would have on supply growth. Goldman analyst Nicholas Snowdon told a copper conference Wednesday that current near-record prices need to go much higher in order to stimulate […]
Read More(Bloomberg) — It’s getting harder to deal in some of the world’s most important commodities as everything from geopolitical turmoil to exchange snafus prompt traders to rush for the exits, rapidly draining liquidity. Prices of materials like crude, gas, wheat and metals have become alarmingly erratic as a gulf emerges between buyers and sellers who […]
Read MoreThis oil stock owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Delaware and Midland Basins in West Texas and New Mexico; the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in […]
Read More(Bloomberg) — Until this month, the only U.S. exchange-traded fund tracking wheat had never lured more than $35 million in a single day. On Friday alone, it added five times that amount. The Teucrium Wheat Fund (ticker WEAT) gathered almost $183 million at the end of last week as futures soared following Russia’s invasion of […]
Read More(Bloomberg) — Wheat markets remained locked limit down after a key U.S. report forecast bigger ending stockpiles even as the Ukraine war disrupts supplies out of the key Black Sea region. Overall impacts from the war on global grain supplies were relatively minimal in the U.S. Department of Agriculture report. World wheat ending stocks were […]
Read More(Bloomberg) — Commodities are heading for a manic start to the week as investors scramble to assess how the West’s latest sanctions on Russia — and an intensifying war in Ukraine — will affect flows of energy, metals and crops. Western nations agreed to sweeping new curbs that will penalize Russia’s central bank and exclude […]
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