Andy Hecht

Will Natural Gas Fall into the Abyss?

Nov 09, 2015

The price of active month NYMEX natural gas futures closed on September 30, 2015 at $2.524 per mmBtu. The fourth and first quarters are generally a positive seasonal period for the energy commodity that is very sensitive to heating demand. The... more

The Dollar and Metals

Nov 09, 2015

The Inverse Relationship Could Mean the Next Leg Down

The US dollar is the reserve currency of the world. As such, it is the pricing mechanism for most important raw material markets. When the value of the dollar against other... more

Q3 Winners and Losers, and a Look Ahead to Q4

Oct 01, 2015

Third quarter of 2015 is now in the books, and the results were not pretty for commodity bulls. Overall, a composite of over thirty futures-market-traded commodities moved lower, making the last three months the worst of the year for raw material... more

Volatility Equals Opportunity

Sep 01, 2015

Volatility is an investor's nightmare, but at the same time, it is a seasoned trader's paradise. During the final weeks of August, markets are traditionally quiet. As the vacation season ends, traders and investors historically keep a low profile... more

Lower Commodity Prices and a Stronger Dollar in the Months Ahead?

Aug 03, 2015

The US dollar is the pricing mechanism for almost all raw material prices around the globe. As the reserve currency of the world, the vast amount of liquid trading in commodity futures and forward markets is denominated in the US currency. While... more

Q2 Winners and Losers and a Look ahead to Q3

Jul 06, 2015

The rally in the US dollar that commenced in May 2014 saw a period of correction and consolidation during the second quarter of 2015. The world's reserve currency has an inverse relationship with commodity prices. In this piece, I describe how... more

Avian Flu May Lead to Higher Lean Hog Prices

Jun 01, 2015

It is now grilling season in the United States, which commences each year during the Memorial Day holiday weekend and runs through Labor Day. As Americans spend the next few months enjoying warm temperatures and slapping animal protein on their... more

Crude Oil

May 08, 2015

Will the Recovery Hold?

In June 2014, active month NYMEX crude oil was trading north of $107 per barrel. The price moved to lows of $42.03 by the middle of March 2015 - a decline of around 61%. The move lower began as a response to... more

Q1 Commodities Winners and Losers

Apr 07, 2015

The rally in the US Dollar that commenced in May 2014 continued to gain steam throughout much of the first quarter of 2015. The reserve currency of the world has an inverse relationship with commodity prices. In this piece, I describe how... more

Grains in 2015 - A Depressed Sector

Apr 07, 2015

Soybean and corn prices have certainly turned around over the past few years. After reaching highs during the aftermath of the 2012 drought, prices have gone south. In 2012, corn traded to highs of almost $8.50 per bushel while soybeans reached... more