Commodities

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Sweden's Oatly Group is facing headwinds of oats futures at all time highs after 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

Coal prices have risen unabatted with supply chain disruptions, China has been partiucarlt bad hot and that just got more critical. Floods closed 60 of the 682 coal mines in Shanxi province, 30% of China’s production.

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%.

Australia's trade balance for August revealed a massive surplus of AUD15,077 million (expected surplus AUD10,650 million a record high. Exports climbed 4.1% in the month to A$48.5 billion led by LNG, hard coking coal and thermal coal. Imports fell 1.5% in August to A$33.4 billion

Indonesia is the world's biggest exporter of palm oil and on 19 September a three-year moratoriom for new oil palm plantation permits expired. There have been no decisions on whether to extend or end it. The decision is crucial to Indonesia finances, the environment and Orangutans.

Coal prices have soared with supply chain disruptions, the Chinese trade war with Australia and material shortages. By September 2021 thermal coal price have tripled from a year ago seeing Glencore's sbitda run rate soar with prices.

Palladium futures extended their downward momentum down 5.22% for the day below $2,000 per troy ounce,the lowest since July 2020. The global computer chip shortage has hit car manufacturing catalytic converters demand

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

Aluminum futures prices soared to their highest in more than a decade after a coup in Guinea fueled concerns over Bauxite feedstock supplies. China gets half of it's supplies from Guinea and is already struggling with output.

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.

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