Oats, Canola, Cotton All Pip Silver and Oil as Best Performing Futures in October

Futures and commodities contined to be volatile in October of 2021 as energy markets ran roughshod. The biggest gainers were safehaven elements such as precious metals silver, platinum and palladium along with foodstuffs such as grains. The weakest was VIX as you would expect with US stock indices at record highs

Oatly Group World’s Original and Largest Oatmilk Company Running Into Headwinds With Record High Oats Prices

Sweden’s Oatly Group is facing headwinds of oats futures near a 7-1/2 hear high. Drought slashed supplies from top global supplier Canada at a time of robust demand for the grain. $OTLY is expanding beyond milk to ice cream, yogurt, cooking creams, spreads and on-the-go drinks Swedish-based Oatley is the world’s original and largest oat milk company with offerings of milk to ice cream, yogurt, cooking creams, spreads, and on-the-go drinks. The company has run into headwinds with food supply … Continue reading “Oatly Group World’s Original and Largest Oatmilk Company Running Into Headwinds With Record High Oats Prices”

Bloomberg Commodity Spot Index Soars To Record Highs With Food and Energy Crisis

A key guage of Commodities prices which tracks 23 energy, metals and crop futures contracts continued to surge higher over record highs set in 2011. Incredibly since hitting a four-year low in March 2020 the index has surged more than 90%.

Australian Farmers Grow and Sell Record $73 billion of Produce in 2021-22

Australia’s agriculture industry will produce a record $73 billion worth of produce in 2021-22 up from $66.3 billion in 2020-21 the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARE) September crop report released Monday said

Soybean Futures Near 35 Week Lows on Hurricane Ida Damage

Chicago soybean futures fell under $13 a bushel near 35 week lows. Hurricane Ida halted traffic on the Mississippi river and caused power outages and damaged grain elevators and port terminals. Prices way up lower demand and trapped supply.

Citadel Increases Commodity Hedge Fund Management After Billion Dollar Gains

Chicago based Hedge fund Citadel has made massive profits on it’s commodity investments in 2020, over $1 billion according to Reuters.  Much of the gains were in oil and gas from the price swoons from the Covid demand meltdown, Large gains were also said to be have made in agriculture commodities. 

Best and Worse Performing Futures After Black Swan First Quarter of 2020

Futures and commodities were hit violently in the first quarter of 2020 with the black swan Covid -19 event running roughshod over energy markets in particular. The biggest gainers were safehaven elements such as the VIX, treasuries and foodstuffs.

Australia Defies Skeptics With Another Huge Trade Surplus Despite Trade War

Australia posted another much larger than expected trade surplus in September, what is clear the commodity powerhouse is benefiting from the U.S.- China trade war. Australia ships nearly a third of its exports to China, led by iron ore and coal as the Chinese boost construction spending to ward off damage caused by U.S tariffs.

California Loves Their Weed – $3.1 Billion Legal Sales By 2019

California is considered the world’s largest marijuana market and it’s legal cannabis market is currently on track to grow 23% in 2019 to $3.1 billion and to reach $7.2 billion in 2024, a 19% compound annual growth rate (CAGR) over the next five years.

Iron Ore Best Performing Commodity First Half of 2019, Cotton The Worse

Recent strength in precious metals and weather affected grains has seen commodities prices largely higher for the first half of 2019, the energy heavy GSCI is up 16.% on the year with the more balanced Bloomberg index up 5%.