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Tag Archives: Platinum

Commodities Corner: Lean Hogs Rally to Record High, Coffee Slips on Suez Canal Relief

Spilling a Cup of Cocoa   Cocoa futures ended the trading week below $2,400 per metric ton as demand concerns weighed on the agricultural commodity. Contracts are settling near their lowest levels since the beginning of November.   Cocoa’s direction is being mostly driven by the resurgence of coronavirus infections across Europe, a major market for the crop. As COVID-19 cases skyrocket, many jurisdictions are...

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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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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 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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Video: Gold, Silver, Platinum as of March 12, 2021

In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, and platinum as of March 12, 2021. He discusses the moves of the metal prices during this week, reasons for them, and how traders could have reacted to them. Phil also mentions events that will be driving the metal market next week. If you found this video useful and want to see more videos like this one or if you want...

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Video: Weekly Commodity Forecast March 8-12, 2021

In the present video, Phil Carr from The Gold and Silver Club provides his forecast for commodities during the week of March 8–12, 2021. He starts the video with fundamental analysis, talking about precious metals and crude oil. Phil then turns to technical analysis, showing charts of gold, silver, platinum, palladium, gasoline, as well as the Dollar Index and gold miners. If you found this video useful and want...

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Commodities Corner: Oil Strikes Gold, Cotton Targets $1 on Higher Demand

Oil Strikes Gold with OPEC Decision Crude oil futures – both West Texas Intermediate (WTI) and Brent contracts – recorded enormous gains this week. All the focus was on the week’s two-day meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+ where they discussed the current state of output.   Some of the world’s top producers agreed not to raise production levels...

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