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%.

Wheat Crop Report Shows Australia 2018-19 Output Rising 3% Despite Drought

Australian Bureau of Agricultural and Resource Economics and Sciences (ABARE) June crop report released Tuesday forecasts Australia to produce 21.9 million mt of wheat in the 2018-19 (October-September) season, up 3% from 21.2 million mt in the previous season.