Tuesday , September 22 2020
Home / Tag Archives: corn

Tag Archives: corn

Commodities Week in Review: September 14 to September 18

Commodities Week in Review: September 14 to September 18  Agriculture  The major agricultural commodities had impressive gains over the last trading week, driven mainly by a weaker US dollar and ballooning foreign demand, particularly from China. Soybean was the primary headline grabber because it topped $10 for the first time in two years, and it is now one of the top crop gainers this year. Many analysts expect US...

Read More »

Commodities Week in Review: September 7 to September 11

Commodities Week in Review: September 7 to September 11  Agriculture  Agricultural commodities joined the broader market selloff this week. But the biggest factor for agriculture might be the rebounding US dollar, which staged a 0.6% comeback and recorded its second consecutive weekly gain. A stronger buck is bad for dollar-denominated commodities because it makes it more expensive for foreign investors to purchase. Soybean, however,...

Read More »

Commodities Week in Review: August 31 to September 4

Commodities Week in Review: August 31 to September 4  Agriculture  It was a mixed week for agricultural commodities as many of the crops joined the broader market selloff and were affected by a strengthening US dollar. Chinese demand, domestic production, and weather conditions also weighed on some of the major agricultural products, like soybeans and wheat. With signs that China, Nigeria,...

Read More »

Commodities Week in Review: August 24 to August 28

Agriculture  Agricultural commodities continue to pare their 2020 losses amid the economic recovery, improving fundamentals, and a weaker US dollar. With the greenback cratering 13% since hitting a peak of 103.00 earlier this year, many importers are taking advantage of crops. A lower buck is good for dollar-denominated commodities because it makes it cheaper for foreign investors to purchase. Analysts still agree that agriculture would be one of the hot asset classes over the next 12 months...

Read More »

Commodities Week in Review: August 17 to August 21

Commodities Week in Review: August 17 to August 21  Agriculture  Many US agricultural commodities extended their rallies this week, driven primarily by a weaker US dollar. Although the greenback finished the trading week slightly higher (0.11%), exporters are taking advantage of a falling currency. The fundamentals, from supplies to weather, were also key factors in crops this week.  Cocoa Friday Settlement: +$7.00, or 0.29%,...

Read More »

Commodities Week in Review: August 10 to August 14

Commodities Week in Review: August 10 to August 14  Agriculture  Many agricultural commodities took advantage of a weaker US dollar this week. With a lower buck, it makes many dollar-denominated commodities cheaper for foreign investors to purchase. As the fundamentals continue to improve, a lot of analysts are forecasting major gains over the next 12 months for US agriculture.  Coffee  Friday Settlement: +$0.005,...

Read More »

Commodities Week in Review: August 3 to August 7

Agriculture  Agricultural commodities had a rough week, driven primarily by a strengthening US dollar and escalating geopolitical tensions. Ample supplies, better-than-expected US government ratings, and coronavirus uncertainty also weighed on agriculture. But if the greenback continues its downward descent, could crops perform better over the next few months?  Coffee  Friday Settlement: -$0.006, or 0.52%, to $1.1485 per pound  Weekly...

Read More »

Commodities Week in Review: July 27 to July 31

Agriculture  It was a rough week for the sector as most agricultural commodities suffered a weekly loss. Many of them also endured a decline in July, primarily due to coronavirus concerns and fundamental issues.   Coffee  Friday Settlement: -$0.0035, or 0.29%, to $1.186 per pound  Weekly Performance: +9.61%  July Performance: +15.03%  Corn  Friday Settlement: -$0.0075, or 0.24%, to $3.15 per pound  Weekly Performance: -3.67%  July Performance: -8.30%  Orange Juice  Friday Settlement:...

Read More »

Commodity Tracker: 4 charts to watch this week

As oil markets begin to recover from the shocks of recent months, side-effects like falling VLCC rates and congestion at Chinese ports are emerging, write S&P Global Platts news editors. Plus, competition heats up among corn exporters amid low ethanol demand, and UK power prices reflect improving demand. 1. Freight rates dive as call on VLCCs for floating oil storage lessens   What’s happening? The amount of crude stored on tankers is showing signs of a descent in response to the...

Read More »

Agriculture markets eye normality as countries ease export restrictions

The global food supply chain, as well as demand for agricultural products, faces an unprecedented threat from the coronavirus pandemic. Livelihoods have been destroyed and economies dragged down, while prices of basic foodstuffs soared and countries imposed measures to limit exports and shore up domestic supply, albeit mostly for a short duration. “This is a very peculiar situation for the Food and Agriculture Organization,” Abdolreza Abbassian, senior economist with the UN agency, told...

Read More »