Wheat futures saw a significant plunge in overnight trading following a report from the U.S. Department of Agriculture indicating a surge in stockpiles at the beginning of March to the highest level in five years. According to the USDA report released on Thursday, wheat inventories on March 1 reached 1.09 billion bushels, marking a 16% […]
Cocoa extends it’s surge, with prices surpassing $9,000 (€8,307) per ton for the first time ever, amidst a supply crunch gripping the market and chocolate makers grappling for beans. Cocoa futures have surged by about 50% this month alone and have already more than doubled in value this year. The industry faces challenges due to […]
At the beginning of the year, Australia overtook Russia to become China’s primary coal provider, coinciding with the ongoing improvement in bilateral relations between Beijing and Canberra. In January and February, Chinese customs data revealed a remarkable 3,188 percent surge in imports, amounting to US$1.34 billion, compared to nil shipments in January 2023. Australian coal […]
Gold prices remained stable on Friday, poised to record their initial weekly decline in four weeks, as investors adjusted their outlook for a U.S. interest rate reduction following data indicating rising inflationary pressures throughout the week. Spot gold remained relatively unchanged at $2,159.99 per ounce as of 2:42 p.m. EDT (1842 GMT). This marks a […]
On Wednesday, oil prices increased due to anticipated strong global demand, particularly from the United States, the world’s leading consumer. Despite lingering U.S. inflation concerns, expectations remained unchanged regarding potential rate cuts by the Fed. Brent futures for May climbed by 28 cents to $82.20 per barrel by 0730 GMT, while April U.S. West Texas […]
Chicago soybean futures decline following a short-lived rally prompted by covering of short positions. Anticipated ample supplies from South America exert downward pressure. Chicago soybean prices dipped after reaching their highest point in nearly three weeks on Monday, as the anticipation of plentiful supplies from South America constrained further price increases. Meanwhile, corn experienced its […]
Participants in the commodity market will closely examine the Federal Reserve’s policy guidance in the upcoming week. Investors are on edge as the Federal Open Market Committee (FOMC) and the Bank of England (BoE) prepare for their upcoming meetings. The fluctuating risk sentiments stem from the latest US economic data and China’s plans to boost […]
FAIL! Years ago, Jeff Bezos sat on stage and gave away his biggest secret to success. No, it’s not being “obsessively focused on customers rather than competitors.” Although sure that was crucial. No, it’s not having a “bias for action.” Good, but not quite there. It’s not even about the power of setting audacious goals […]
Gold prices showed resilience on Friday, maintaining stability despite conflicting views from top Federal Reserve officials regarding the future of interest rates. The XAU/USD, the most traded gold pair, closed the week at $2,019.54, stepping back from its 10-day peak of $2,047.93. The market responded to mixed signals from the Fed, creating an air of […]
