Orange juice futures prices exploded higher this week, rising 13.48%. The move is in line with FLOJ being the best performing commodity in the first quarter of the year, they were up 30.8%. They are up 71% in the past year. The reason is supply, the U.S. Department of Agriculture estimates Florida production will fall to only 15.65 million boxes of oranges this season. In the 2021-2022 season Florida growers produced fill 41.2 million boxes. For perspective twenty years ago, … Continue reading “Orange Juice Futures Explode 13% Higher for The Week with Florida Crop Smallest in 86 Years”
Orange Juice, Cocoa and Sugar Best Commodities in First Quarter, Natural Gas Worst
Commodities mostly declined in the first quarter of 2023, with the energy sector leading the way lower, markets experienced risk aversion shocks in March by sudden stressors from the U.S. banking system. The S&P GSCI index was down over 7% and the Bloomberg commodity index dropped 6.5% in the first quarter with global central bank rate hikes, weakness in China among changing demand pictures. Energy fell the most, with the S&P GSCI Energy index down 12% quarter to date. Prices … Continue reading “Orange Juice, Cocoa and Sugar Best Commodities in First Quarter, Natural Gas Worst”
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”
The Energy Crisis and Volatility See Natural Gas and VIX the Best Performing Futures in January
Futures and commodities had a volatile start to 2022. January was about the energy crisis and interest rates and inflation. This pattern accelerated after the Fed minutes of the December FOMC took hold. This was borne out by the best performing futures being natural gas, VIX and Palladium. Energy was five of the highest gains for the month. The worse were lumber, ethanol and the major stock market indices. For the month S&P and Nasdaq have their worst month since … Continue reading “The Energy Crisis and Volatility See Natural Gas and VIX the Best Performing Futures in January”
Oats, Coffee, Canola and Lumber Pip Energy as Best Performing Futures in 2022
Agricultural and energy futures and commodities rose sharply pumped by the reopening of economies in 2021 with the Covid -19 knock ons running roughshod over supply routes and employment. The biggest losers were last year’s winners, safe haven elements such as the VIX, treasuries and foodstuffs. Oat Futures closed up 89.74% this year. back in October the United Nations index shows that global food prices recently hit a decade high, oat futures hit an all-time high of $6.36 a bushel … Continue reading “Oats, Coffee, Canola and Lumber Pip Energy as Best Performing Futures in 2022”
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
Oil and Stocks Had Their Best Quarter in Thirty Years Despite Recession
Three months can be an eternity and that is what it was for energy futures in particular. Futures and commodities were hit violently in the first quarter of 2020 with the black swan Covid -19 running roughshod. In Q2 bounces in equity and energy markets were spectacular.
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. ViX was the best performer in the first quarter as stockmarkets collapsed It was a brutal month for stocks and energy in particular. The Dow closed down 13.74% in March, its worst month since October 2008. The Dow closed down -23.2% … Continue reading “Best and Worse Performing Futures After Black Swan First Quarter of 2020”