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Tag Archives: corn

Commodities Week in Review: November 2 to November 6

Commodities Week in Review: November 2 to November 6  Agriculture  It was a mostly positive trading week for the agricultural sector, despite some volatility heading into the 2020 US presidential election. The broader financial markets enjoyed a tremendous rally in the aftermath of the White House race, sending the US dollar collapsing, which was bullish for agricultural commodities. A weaker greenback is good for dollar-denominated commodities because it makes it cheaper for foreign...

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Commodities Week in Review: October 26 to October 30

Commodities Week in Review: October 26 to October 30 Agriculture  It was a noteworthy performance for agricultural commodities in recent sessions because the decline in prices coincided with the strenghtening of the US dollar. The greenback recorded close to a 1% jump, while crops failed to register any momentm. A strengthening buck is bad for dollar-denomiated commodities becase it makes it more expensive...

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Commodities Week in Review: October 19 to October 23

Commodities Week in Review: October 19 to October 23  Agriculture  The leading agricultural commodity assets – corn, wheat, and soybean – enjoyed another strong week as fundamentals and a weaker US dollar contributed to their weekly gains. The latest forecasts suggest that food inflation will continue to creep higher, possibly with supply unable to keep up with the demand, especially now that millions of people have returned...

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Commodities Week in Review: October 12 to October 16

Commodities Week in Review: October 12 to October 16  Agriculture  Most agricultural commodities were successful in fending off a strengthening US dollar this week. The main driver of the commodities market was strong fundamentals, with rising foreign demand and easing inventories. As many major markets prepare for additional COVID-19 restrictions or get ready for the upcoming cold and flu season, more households will be stuck inside and consuming more food. Could output keep up with...

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Commodities Week in Review: October 5 to October 9

Commodities Week in Review: October 5 to October 9  Agriculture  Most of the agricultural commodities enjoyed a stellar week, driven mainly because of a weaker US dollar. The fundamentals were also sound for a lot of agriculture, with foreign demand strengthening for many of the major crops, including soybeans and corn. Since the greenback is headed back on a downward trend, could prices finish...

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Commodities Week in Review: September 28 to October 2

Commodities Week in Review: September 28 to October 2  Agriculture  The leading agricultural commodities – corn, soybean, and wheat – reignited a rally this week, driven primarily by a weakening US dollar. A lower buck is good for commodities priced in dollars because it makes it cheaper for foreign investors to purchase. Moreover, early forecasts suggest that food demand – at home and abroad – will continue to balloon...

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Commodities Week in Review: September 21 to September 25

Commodities Week in Review: September 21 to September 25 Agriculture  The US agricultural sector joined the broader market selloff this week, driven primarily on a strengthening US dollar. The US Dollar Index, which measures the greenback against a basket of currencies, recorded a 1.78% rally, adding to its September gains of close to 3%. This is bad news for crops because commodities priced in dollars makes it...

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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...

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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,...

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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,...

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