Commodity Traders Weekly Outlook: Orange Juice All Time High while Energy Complex Futures Slide Continues

Trends in many commodities reversed this week in the short squeeze induced, with the surge in the US dollar and yields after a blowout jobs report. Orange Juice touched a record high on Wednesday as plunging US output added to tight global supply outlook. March OJ_f (Mch) climbed 10 cents to its daily limit at $2.292/lb, driving the BCOM OJ index up 86% y/y. Florida will collect the smallest crop since 1936. Natural gas futures, fell down another 16% or … Continue reading “Commodity Traders Weekly Outlook: Orange Juice All Time High while Energy Complex Futures Slide Continues”

Commodity Traders Weekly Outlook: Lumber Rebound and Natural Gas Slide Continues

Trends continued to play out this week, partially short squeeze induced, partly resurgent speculation with a significant loosening of financial conditions continues to feed the reversal in risk. The VIX fell another 3% Friday to the lowest since last January. One commodity not benefiting is natural gas futures, down another 7% or 10% depending on what month you are unfortunate to be long in. Notably the rest of the energy complex was down this week also. Copper had been a … Continue reading “Commodity Traders Weekly Outlook: Lumber Rebound and Natural Gas Slide Continues”

Commodity Traders Weekly Outlook: Heating Oil Soars, Natural Gas Falls (Reprise)

This week we saw a complete reversal in risk, from the VIX melting a softer US CPI report last week it was the top performer this week as indices floundered, though correcting much of that Friday with options expiration. Like a scratched record, natural gas futures were down again, losing another 8.34% while it’s energy brethren Gasoline, WTI, Brent Oil and Heating oil were all higher. Copper and gold continued higher but at a lesser pace. Copper had been a … Continue reading “Commodity Traders Weekly Outlook: Heating Oil Soars, Natural Gas Falls (Reprise)”

Commodity Traders Weekly Outlook: Copper Leads Risk on in Commodities as VIX Deflates

Commodities in the second trading week of the year were led by a meltdown of the VIX around a softer US CPI report and many in the throes of a major short squeeze. The US dollar throw kindling on much of that. One thing didn’t change, natural gas futures were down again, losing another 6% while it’s energy brethren Gasoline, WTI, Brent Oil and Heating oil were all higher. Copper accelerated it’s break higher, surging 7.8% (up 11% YTD).  Copper … Continue reading “Commodity Traders Weekly Outlook: Copper Leads Risk on in Commodities as VIX Deflates”

Commodity Traders Weekly Outlook: Energy and Grain Futures Sell off in New Year

Commodities in the first trading week of the year saw a lot of continued trends, namely natural gas futures got wrecked again, losing another 16% after losing 11% for the week, and down 33% for December. Gasoline, WTI, Brent Oil and Heating oil were all lower. Wheat, Corn, Wheat and Oats all dropped between 6 and 2%. for the week. The common denominator with natural gas was milder weather. Copper, gold and cotton were the best performer for the week. … Continue reading “Commodity Traders Weekly Outlook: Energy and Grain Futures Sell off in New Year”

Commodity Traders Weekly Outlook: Platinum Surges as Natural Gas Slumps Again

Commodities in the last trading week of the year saw a big bounce in Platinum and Palladium recovering from a when prices collapsed on Chinese economic data combined with the explosive COVID infection wave being a serious threat to Chinese auto consumption and as such a threat for auto catalyst inputs like palladium. We saw a mixed result in energy markets. Gasoline, WTI, Brent Oil and Heating oil all higher. Whilst Natural gas sold off hard again, down another 11% … Continue reading “Commodity Traders Weekly Outlook: Platinum Surges as Natural Gas Slumps Again”

Commodity Traders Weekly Outlook: Heating Oil and Natural Gas Rebound as Palladium Collapses

Commodities saw a big bounce in energy with heating oil bouncing 12.19% on the week and Natural gas, oil and gasoline all up over 4%. The Bloomberg commodity index increased 0.9% (up 13.7% y-t-d). Wheat futures higher for the week but lower Friday as funds continue to be short Chicago wheat on slow demand for US wheat and chatter of higher Russia and Australia supplies. Silver and copper both gave back some of last week’s gains. Palladium prices collapsed as … Continue reading “Commodity Traders Weekly Outlook: Heating Oil and Natural Gas Rebound as Palladium Collapses”

Commodity Traders Weekly Outlook: Soybeans Rise; Oil, Heating Oil and Gasoline Crash

A mixed week for commodities with oil breaking down more getting all the attention. The Bloomberg commodity index dropped 2.4% (up 12.7% y-t-d). The USDA WASDE report was a big influence on grains, Soybean Meal, Soybeans and Canola among the leaders with Wheat and Oats amongst the weakest, while Corn hung in near unchanged. Silver and copper were again solid this week on supply concerns. Gasoline, Brent and WTI crude and heating oil were all the laggards all down around … Continue reading “Commodity Traders Weekly Outlook: Soybeans Rise; Oil, Heating Oil and Gasoline Crash”

Commodity Traders Weekly Outlook: Silver Soars While Natural Gas Crashes

Silver and copper were the leaders this week with fresh lows in the dollar with a tempering of Fed rate hike aggressiveness. Shanghai copper warehouse stocks this week fell by 7.2% at a 4-week low and LME stocks are at a 2 1/2 week low. WTI oil recovered strongly with the Russia oil Cap agreement, an OPEC+ meeting and a large storage draw. Natural gas gave us the flipside in energy, as the weakest commodity on the board with a … Continue reading “Commodity Traders Weekly Outlook: Silver Soars While Natural Gas Crashes”

Natural Gas and Palladium Best Performing Futures Third Quarter of 2022, Lumber and Gasoline the Worse

Futures and commodities saw another period of extreme volatility in the third quarter of 2022 as central banks aggressively rose interest rates globally to belatedly fight inflation. These movers sent the USD soaring, with the British Pound hitting an all-time low. The Chinese Yuan, Euro and Japanese Yen hitting historical lows. Commodities had violent swings depending on how big the reversal to the mean was after the moves at the start of the year. Consistency was not a theme for … Continue reading “Natural Gas and Palladium Best Performing Futures Third Quarter of 2022, Lumber and Gasoline the Worse”