Analysis: Commodities

Nymex Overview : Gasoline Futures Rise Following EIA Report -- OPIS

Gasoline futures were advancing while crude and diesel contracts bounced off earlier declines to struggle close to positive territory Wednesday following the release of bullish federal inventory and...

Weak Asia refining margins see swing to crude from the Americas: Russell

The profit from turning a barrel of crude oil into fuels in Asia is at the lowest in seven months, which is leading refiners to turn away from expensive Middle East grades and seek cheaper...

DEUTSCHE BANK SAYS THEY ARE DOWNGRADING OUTLOOK FOR PGMS…

DEUTSCHE BANK SAYS THEY ARE DOWNGRADING OUTLOOK FOR PGMS ...

Tin prices may see further support from supply risks, rate cuts, analysts say

Tin prices, which have rallied in recent months to near two-year highs, could be bolstered further by supply disruptions, ongoing geopolitical conflicts, fund inflows in the event of interest rate...

Formerly bullish investors dump oil as demand disappoints: Kemp

Investors sold petroleum futures and options in the most recent week at the fastest rate for a year as the war risk premium continued to evaporate and the anticipated strong recovery in consumption...

China's commodity imports show prices beat economic narrative: Russell

China's imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher. The temptation...

Platinum, palladium, rhodium prices seen down in 2024 despite deficit, Metals Focus says

Average prices for platinum, palladium and rhodium are expected to fall this year compared with 2023 despite another year of structural deficit for all the three metals of the group, consultancy...

China's commodity imports show prices beat economic narrative: Russell

China's imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher. The temptation...

Renewable fuels take bite out of US diesel consumption: Kemp

Biodiesel and other renewable diesel fuel oils are displacing a small but growing volume of petroleum-derived distillate fuel oil in the United States, especially in California and other parts of the...

Are 2024 Chicago corn futures mimicking those of 2014? -Braun

Industry analysts spent much of 2023 deciding whether new-crop Chicago corn futures were tracking more closely with 2012 or 2013, though 2013 was certainly the better analog in the end. ...

Russia will re-sow crops killed by frost, TASS says

Russian regions hit by frosts this month will re-sow crops that were killed by the cold, state news agency TASS quoted the agriculture ministry as saying on Thursday. Three of Russia's...

Are 2024 Chicago corn futures mimicking those of 2014? -Braun

Industry analysts spent much of 2023 deciding whether new-crop Chicago corn futures were tracking more closely with 2012 or 2013, though 2013 was certainly the better analog in the end. ...

Goldman Sachs sees OPEC+ unlikely to raise production at June meeting

Goldman Sachs on Wednesday said they no longer expect OPEC+ to announce a partial unwind of voluntary production cuts in June. The bank said inventories have recently surprised to...

ICE Canada Weekly Outlook : Uptrend Intact, Weather Conditions Being Watched

WINNIPEG, Manitoba--ICE Futures canola contracts climbed to their highest levels of 2024 in early May before taking a step back on May 8. While the uptrend is still intact, improving moisture...

Corn Futures Drop as Caution Rules Ahead of WASDE -- Daily Grain Highlights

By Kirk Maltais -- Corn for July delivery fell 1.7% to $4.59 1/4 a bushel on the Chicago Board of Trade on Wednesday, falling as traders get their books in order ahead of the Friday USDA report....

ICE Review : Canola Weakens Wednesday

WINNIPEG, Manitoba--The ICE Futures canola market was weaker on Wednesday, with profit-taking after recent gains behind some of the selling pressure. Widespread Prairie rains contributed to the...

US gas surplus will be eliminated before end of winter 2024/25: Kemp

U.S. gas inventories are near record highs for this time of year after exceptionally mild temperatures linked to the El Nino weather phenomenon slashed gas and electricity consumption for heating...

Russia's Voronezh region declares crop emergency due to frost

One of Russia's top grain regions, Voronezh, has declared a state of emergency because of frost damage to crops, the regional agriculture ministry said on Wednesday. According to...

Funds negative towards US crude and fuels amid ample stocks: Kemp

Investors shuffled positions in petroleum modestly last week after heavy selling the week before as war risk diminished and prices settled back towards long-term inflation-adjusted averages. ...