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Tag Archives: copper

Commodities Week in Review: March 29 to April 2

Commodities Week in Review: March 29 to April 2 Agriculture  The biggest story this week in the agricultural commodities market was the US Department of Agriculture’s (USDA) 2021 Prospective Plantings report that sent prices soaring. The USDA stated the domestic farmers will plant lower soybean and corn acreage than what market analysts had initially anticipated. This triggered a massive rally on Wednesday, hitting a daily...

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Commodities Week in Review: March 22 to March 26

Agriculture  Most of the hard and soft agricultural commodities took a noticeable hit this week as the industry joined the broader market decline. As investors rebalance their portfolios and transition to various sectors, agricultural investments suffered a slump. Moreover, Treasury yields rose, the US dollar strengthened, and various supply and demand factors weighed on several crops. Cocoa  Friday Settlement:...

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Was Last Month’s Fedwire A Coincidence?

Federal Reserve Chairman Jay Powell rarely gives media interviews. Most of his interaction with journalists takes place in the carefully controlled – and credentialed – environment of post-meeting press conferences. One notable exception was last May when the Fed’s head guy visiting with 60 Minutes so that he could, pardon the expression, lie his ass off. Today, March 25, 2021, Powell went back into the interview setting this time on the radio with NPR’s Steve Inskeep. Like Scott Pelley had...

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Video: Weekly Commodity Forecast March 22-26, 2021

In the present video, Phil Carr from The Gold and Silver Club provides his forecast for commodities during the week of March 22–26, 2021. He starts the video by recapping last week’s price moves in the metal market. Next, he provides fundamental analysis, listing macroeconomic reports and events that will affect markets this week. Phil then turns to technical analysis, showing charts of gold, silver, platinum,...

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Commodities Week in Review: March 15 to March 19

Commodities Week in Review: March 15 to March 19 Agriculture  It was a rough trading week for most of the hard agricultural commodities, with China coming into focus and a stronger US dollar. It is being reported that the world’s largest agriculture consumer is witnessing a resurgence of the African swine flu, the same disease that decimated its hog supply in 2018 and 2019. Investors have been cautious that...

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Commodities Week in Review: March 8 to March 12

Commodities Week in Review: March 8 to March 12 Agriculture  The major agricultural commodities took a break from their monumental 2021 rally this week, despite a bullish World Agricultural Supply and Demand Estimates (WASDE) report from the US Department of Agriculture (USDA) that suggested tightening supplies and strengthening foreign demand. The slide in soybeans, corn, and wheat may have been caused by the volatility...

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Copper Slides Below $4 amid China Cooling Economic, Credit Growth Forecasts

Copper futures fell below $4 as investors concentrated on China. Despite the world’s second-largest economy importing more of the industrial metal in January and February, Beijing dampened investor expectations by officials cooling the country’s growth and credit plans. The red metal is facing a global supply deficit, but Chinese demand ostensibly accounted for most of copper’s red-hot surge. April copper...

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Commodities Week in Review: March 1 to March 5

Commodities Week in Review: March 1 to March 5 Agriculture  Most agricultural commodities joined the decline in the broader financial markets this week. As the US dollar strengthened and Treasury yields rallied, crops took a beating, with soybeans one of the few commodities to enjoy a modest weekly gain. Agriculture ostensibly took a breather since starting the commodities supercycle trend. Will crops shake it off...

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Commodities Corner: Bitcoin Crashes 16%, Copper Scores Best Month Since 2016

Get Rich or Die Mining?   Bitcoin, the peer-to-peer decentralized digital currency, is coming off its worst week in almost a year. Investors sold off their riskier assets in the global financial markets amid international bond yields going through the roof. As a result, traders were ditching non-yielding assets in favor of something more solid. Bitcoin exchange-traded funds (ETFs) also recorded substantial launches, flipping negative soon...

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Commodities Week in Review: February 22 to February 26

Commodities Week in Review: February 22 to February 26 Agriculture  As the broader financial markets suffered significant losses in the final trading week of February, most of the agricultural commodities presented decent gains. Rising Treasurys, portfolio rebalances, and inflation fears weighed on equities, sparking predictions that the financial markets are going through a reflation trade: economic growth and accelerating inflation. Overall, agriculture had a superb week and an excellent...

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