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Tag Archives: natural gas

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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Natural Gas Rallies 1% on Lower-than-Expected Supply Build

Natural gas futures picked up some gains to kick off April, buoyed by a bullish US government weekly supply report. Natural gas investors will take anything they can get as demand is projected to be limited this month amid warmer temperatures and industrial spring maintenance. While the bears seem to be in control of the market, bulls have been attempting to take over. May natural gas futures surged $0.046, or 1.76%,...

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Commodities Corner: Steel Adds to 2021 Rally, Coronavirus Weighs on Cotton

Cotton’s Ascent to $1 Pauses   Cotton futures have enjoyed a great first quarter in 2021, rising close to 3%. Industry observers have been talking about prices potentially hitting $1. However, the natural fiber crop has pared much of its gains in the last week amid a strengthening US dollar and bullish weather forecasts in the key growing area of Texas.   The western part of the Lone Star State had been entrenched...

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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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Natural Gas Rallies on Larger-than-Expected US Supply Withdrawal

Natural gas futures are rallying on Thursday after the US government reported a much larger-than-expected supply withdrawal. The energy commodity has been enjoying small gains over the last week, with bulls beginning to build their positions ahead of the much-anticipated summer demand. Can natural gas sustain the momentum? Or will investors sell the mini-rally? April natural gas futures surged $0.031, or 1.21%, to $2.589 per...

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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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Natural Gas Crashes Amid Small Supply Withdrawal, Warmer Weather

Natural gas futures crashed on Thursday, even before the US government released its weekly supply report. As warmer winter weather and limited consumption become the themes of the natural gas market, the bears have taken control of the energy commodity. Could prices slide below $2 before the summer? April natural gas futures cratered $0.077, or 3.01%, to $2.478 per million British thermal units (btu) at 14:40 GMT...

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Commodities Corner: Coffee Brews Up a Rally, Platinum Shines Again

It’s Deja Brew All Over Again  Coffee futures had a great week among the soft commodities, finding support on a weaker Brazilian real and a somewhat higher US dollar. This year, coffee prices have risen based on strengthening foreign demand, outpacing supplies and inventories in South American countries, particularly Brazil.  In recent weeks, it has been the consensus that Brazil’s harvest would be weaker than initially anticipated...

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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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