Commodities

Oil market likely to be in surplus next year, Morgan Stanley says

The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said. The tightness will...

China's commodity import trend driven by prices, not economy: Russell

China's imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world's second-biggest economy. But it's probably more important to...

Does the market finally agree with USDA on US corn yield? -Braun

Grain industry participants in recent years have criticized the U.S. Department of Agriculture’s trendline U.S. corn yields since they have been too high versus final yields for five consecutive...

China's oil sector is weak, with rising crude inventories: Russell

China's crude oil market is unambiguously weak. Not only has the world's biggest importer seen a fall in arrivals in the first half of the year, it has also been boosting the volumes...

Venezuela's rice, corn production rise as buyers loan farmers supplies

More than 300 hectares of verdant corn and rice planted by Roberto Latini in the western Venezuelan state of Portuguesa undulate under a bright sun and blue sky. The growing crops - set...

China's oil sector is weak, with rising crude inventories: Russell

China's crude oil market is unambiguously weak. Not only has the world's biggest importer seen a fall in arrivals in the first half of the year, it has also been boosting the volumes...

Indian farmers rush to plant summer crops as monsoon revives

Indian farmers have accelerated the planting of summer-sown crops, such as paddy, soybean, cotton, and corn, following above-average monsoon rainfall in July that came after a deficit in June,...

Commodities overview: Gold is back in the spotlight

Every week, the commodities overview gives you the latest news on the commodities markets, to better understand the variations in energy, metals and agricultural commodity prices.

Malaysia's July 1-15 palm oil exports rise 75.6% -AmSpec Agri

Exports of Malaysian palm oil products for July 1-15 rose 75.6% to 791,020 metric tons from 450,513 tons shipped during June 1-15, according to independent inspection company AmSpec Agri Malaysia on...

After another boom and bust, where next for lithium? Andy Home

Lithium boom has turned to lithium bust over the last two years as a wave of new supply overwhelms weaker-than-expected demand for electric vehicle batteries. The CME contract for...

ICE Review : Canola Lower, Can't Hold Gains After USDA Report

WINNIPEG, Manitoba--Intercontinental Exchange canola futures couldn't hang on to gains following the release of the July supply and demand report from the U.S. Agriculture Department. The USDA...

Oil rises on cooling US inflation, strong summer demand

Oil prices rose in early Asian trading hours on Friday as signs of strong summer demand and easing inflationary pressures in the world's biggest oil market, the United States, bolstered investor...

Ideas to ponder before USDA's supply and demand data -Braun

Market participants expect a relatively mundane update from the U.S. Department of Agriculture on Friday, though surprises can never be ruled out, especially at this time of year. Ample...

IEA SAYS SUBPAR ECONOMIC GROWTH, GREATER EFFICIENCIES AND VEHICL…

IEA SAYS SUBPAR ECONOMIC GROWTH, GREATER EFFICIENCIES AND VEHICLE ELECTRIFICATION TO HIT DEMAND IN 2024, 2025 ...

Europe's gas glut is gradually eroding: Kemp

Europe’s gas storage is filling more slowly than normal this summer, which has reduced the probability space will run out before the onset of the main winter heating season. ...

Weak CBOT corn, soybeans heading toward ominous achievement -Braun

Chicago corn and soybean futures almost always undergo some kind of summer rally as U.S. crop potential remains vulnerable to weather fluctuations, but traders this year have displayed little to...

ICE Canada Weekly Outlook : Canola Likely to Fall Back

WINNIPEG, Manitoba--Expect canola futures to continue to retreat for the time being, according to broker Jamie Wilton of R.J. O'Brien. They will chop around a little bit, he said noting the...

Global oil market seen in supply deficit next year, EIA says

NEW YORK, July 9 - Global oil markets are expected to be in a supply deficit next year, the U.S. Energy Information Administration said on Tuesday, reversing its prior forecasts of a...

Global hydro rebound will curb fossil fuel growth in 2024: Kemp

Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion...