Commentary

Risk-Off In Most Commodities in Late February

Mar 02, 2020

Everything was humming along in the equities and commodities markets in mid-February. The S&P 500 made its latest record high on February 20. On the same day, the price of crude oil traded to a high of $54.66 per barrel on the nearby April... more

Coronavirus Causes Risk-Off In Commodities

Feb 03, 2020

In 2008, the global financial crisis caused by a housing meltdown in the US and sovereign debt issues in Europe caused a risk-off period that sent the prices of all assets appreciably lower. Crude oil, copper, precious metals, and a host of other... more

Fourth Quarter 2019 Overview and the Outlook For Q1 2020

Jan 06, 2020

A weaker dollar and de-escalation in the trade war between the US and China lifted commodity prices in the final quarter of 2019. In Q4, a composite of 27 commodities prices that trade on the futures exchange in the US and forward exchange in the... more

Coffee Makes Upside Progress Since Mid-October

Dec 02, 2019

The coffee futures market can be one of the most volatile markets in the world. The world’s leading producer and exporter of Arabica beans is Brazil. The weather conditions in the South American nation and the level of Brazil’s currency often... more

Crude Oil Keeps Bouncing As OPEC Prepares to Meet and Politics Loom Large

Nov 01, 2019

So far, in 2019, the price of nearby NYMEX crude oil futures has traded in a range from $44.35 to $66.60 per barrel. However, the low came at the very start of the year, and since the week of January 7, it has been at $50.52 per barrel.

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Third Quarter 2019 Overview and Q4 2019 Outlook

Oct 02, 2019

A strong dollar, escalating trade war between the US and China, and many other factors caused increased volatility in the commodities asset class over the third quarter of 2019. However, the overall performance of the sector was not all that... more

Gold and Silver - Bull Markets

Sep 03, 2019

With fear and uncertainty mounting over the prospects of a global recession, interest rates have been falling. Even though the dollar index is in a bull market trend, the price action in the gold and silver market was explosive in August.

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Gold Sends a Signal To All Currency Markets

Aug 01, 2019

Gold has a long history as a currency. The yellow metal has been a store of value for thousands of years. Gold is both a financial and an industrial commodity. Central banks around the world hold the yellow metal as part of their foreign currency... more

Q2 Winners and Losers in Commodities and a Look Ahead to Q3

Jun 30, 2019

The dollar index moved lower by 1.22% in the second quarter of 2019, but the commodities asset class posted a loss in Q2. Two of the six major sectors posted gains while four moved to the downside. The composite of 29 raw material markets that... more

Commodities Will Be Watching Three Events in June

Jun 03, 2019

Commodities are global assets. Raw material production is a local affair as minerals, ores, metals, and energy output comes from parts of the world where the earth's crust is rich in resources. When it comes to agricultural commodities, soil... more