Commodity Roundup: Natural gas rises ahead of inventory data, oil extends losses

Natural gas futures rose on Thursday ahead of weekly natural gas storage report. Oil futures fell for a fourth straight session as demand worries outweighed Middle East supply risks. Energy Information Administration reported fourth straight weekly build in U.S. Commercial crude inventories for the week ended April 12.

Commodity Roundup: Citi projects gold to hit $3,000/oz amid geopolitical heat

Commodities Energy Commodity Roundup: Citi projects gold to hit $3,000/oz amid geopolitical heat. Gold prices clocked another record-high settlement of $2,383/oz on Monday. Citi expects gold prices to hit a record high over the next 6–18 months.

Weekly Report: what happened at WEAT last week (0408-0412)?

Commodity Roundup: Israel-Iran conflict adds to gold's safe-haven appeal

Gold prices hit a record high of $2,431.29 per ounce on Monday. Tensions in the Middle East add to safe-haven demand for gold. London Metal Exchange bans delivery of new Russian metal. Brent crude oil prices fall more than 1% to below $90 a barrel.

Commodity Roundup: Gold clinches record high again, set for fourth-weekly rise

Gold clinches record high again, set for fourth-weekly rise. Spot gold climbs to a record of $2,400.73 an ounce. Crude oil prices were trading higher, but are on track to break a streak of four-straight weekly gains. OPEC cut its demand growth forecast for 2024 and 2025.

Copper price forecast raised to $9,200/tonne at BMI on tight supply, China optimism

Copper price forecast raised to $9,200/tonne at BMI on tight supply, China optimism. Copper prices fell on Thursday, weighed down by a stronger dollar, after rising to their highest level since January 2023. The metal was trading 0.4% lower at $4.27 per pound on Thursday. BMI raised its 2024 average annual copper price forecast from $8,800 to $ 9,200.

Gold, oil inflows drive global commodity open interest value towards 2022 highs- JPM

J.P. Morgan: Estimated value of open interest across global commodity markets increased by 3.5% week-on-week to highest level since June 2022 of $1.39 trillion. Gold, oil inflows drive global commodity open interest value towards 2022 highs. Contract-based inflows reached a year-to-date high of $144 billion, driven by strength in precious and base metals markets.

Weekly Report: what happened at WEAT last week (0401-0405)?

Commodity Roundup: Gold builds on record rally, oil falls at start of busy week

Commodities On the Move Energy Commodity Roundup: Gold builds on record rally, oil falls at start of busy week. Spot gold prices hit an all-time high at $2,353.79 per ounce on Monday. Brent crude oil futures fell more than 1% on the day as tensions in the Middle East raise concerns of supply disruptions.

Where are Grain Prices Heading in Q2?

Grain prices have dropped 7.56% in Q1 2024. The ongoing war in Ukraine and the uncertainty over the 2024 crop year are compelling reasons to add grains and oilseeds to your portfolio. In a mid-January 2024 Barchart article on grains, I wrote that grain prices could rally in the coming months.

Gold to potentially make an extension towards $2,500/oz - Saxo Bank

Gold to potentially make an extension towards $2,500/oz - Saxo Bank. Brokerage sees silver moving towards $30, a level not seen since February 2021. Gold prices registered a second-straight month of gain in March. The prices of gold hit a record high of $2.304.09 on Thursday.

Commodity Roundup: Silver prices at 2-year high, analysts expect retreat in gold's bull run

Spot gold prices ease slightly after hitting a record-high of $1,258 an ounce. Silver prices top $26 an ounce, trading at its highest level in 2024. Brent oil prices rise to $89 a barrel, the highest since October. Analysts expect a pullback in gold's bull run as U.S. Jobs report on Friday.

Commodity Roundup: ANZ keeps yr-end gold price target of $2,300; WTI futures top $85

Commodities Energy Commodity Roundup: ANZ keeps yr-end gold price target of $2,300; WTI futures top $85 for the first time since October. Gold prices rose on Tuesday on growing rate cut expectations. U.S. Crude futures hit $85 a barrel in New York.

An Historic Potential Opportunity In Wheat

Wheat prices have dropped by about 60% since their peak in 2022. Anticipated reductions in planted acreage and disruptions in major wheat-producing countries could lead to a rebound in wheat prices. The Teucrium Wheat ETF (WEAT) is a speculative buying opportunity for commodity investors to gain exposure to the wheat market.

Weekly Report: what happened at WEAT last week (0325-0329)?

Commodity Roundup: Gold hits record high; oil rigs rise by six in the first quarter

Commodities Energy Commodity Roundup: Gold hits record high; oil rigs rise by six in the first quarter of 2024. Spot gold prices hit an all-time high at $2,262.19 an ounce on Monday. Brent crude oil prices were trading lower after three-straight week of gains.

Earth's Accelerating Spin: How Melting Poles Impact Natural Gas and Grain Markets

Jim Roemer predicts another warm winter and the collapse in natural gas prices. The melting of polar ice is speeding up the Earth's rotation speed. In the next couple of years, we'll need to remove a second from our clocks for the first time ever. Roemer says this could be helpful to predict summer grain markets and crops.

Commodity Roundup: Oil set for third monthly gain; gold eyes best month since Oct.

Commodities Energy Commodity Roundup: Oil set for third monthly gain; gold eyes best month since Oct. Crude oil prices headed for longest streak of monthly advances since September last year. Brent futures are up 4.26% so far this month, with WTI up 5.10%. Gold prices too aiming for a monthly gain, its biggest since October. Tensions in the Middle East continue to support prices.

Commodity Roundup: Oil down on surprise crude build; cocoa holds near record levels

Commodities Energy Commodity Roundup: Oil down on surprise crude build; cocoa holds near record levels. Oil prices fell for a second-consecutive day on Wednesday, falling more than 1% following a report that U.S. Crude stockpiles rose sharply last week. Among agricultural commodities, cocoa prices pulled back slightly from the all-time high of $10,080 per metric ton hit on Tuesday.

Commodity Roundup: Cocoa prices extend gains after surpassing $9,000 on supply woes

Commodities Energy Commodity Roundup: Cocoa prices extend gains after surpassing $9,000 on supply woes. Silver prices rose, along with platinum, and gold, supported by a weaker U.S. Dollar. Cocoa price surpasses $10,000 a tonne for the first time ever due to a supply crisis in West Africa. European natural gas prices fall on concerns over tightening supplies.