Commodity Traders Weekly Outlook: Wheat and Lumber Bounce, Rice and Palladium Plunge

Grains price volatility picked up this week with grains on both ends of the spectrum. Weather and the increasing fragile Ukraine/Russian framework adding spice. Wheat futures followed up last week’s 9% with another 8% gain. 9 and 12%. At the other end corn was down 9%. Gold and silver continue to underperform, lower despite a weaker US dollar pulling back on yields. Palladium the worse hit in this space down over 9.5%. No surprise with the equity markets pullback, VIX … Continue reading “Commodity Traders Weekly Outlook: Wheat and Lumber Bounce, Rice and Palladium Plunge”

Commodity Traders Weekly Outlook: Natural Gas on Fire with Oats as Rice and Cotton Pull Back

NYMEX natural gas futures soared over 16% this week, joining in on the swift rebound in European and UK gas prices. Oats, soybean oil and wheat futures were all up between 9 and 12%. Orange Juice (FCOJ) reversed its recent pull back rising nearly 3% after falling 7.9% and 4% in the past fortnight. Both gold and silver were lower despite a weaker US dollar pulling back on yields. Last week’s riser, rough rice pulled back 7% as volatility in … Continue reading “Commodity Traders Weekly Outlook: Natural Gas on Fire with Oats as Rice and Cotton Pull Back”

Commodity Traders Weekly Outlook: Soybean Oil and Rice Prices Surge, Orange Juice Fall Continued

CME Soybean futures soared almost 11% this week, Orange Juice (FCOJ) gave back another 7.9% after falling 4% the week before. FLOJ has given back most of it’s much heralded 13.48% jump three weeks ago on the USDA crop forecast. Natural gas recovered, soaring in the EU and the UK with the benchmark Henry Hub futures rising 4%. Both gold and silver ran bounced along with a weaker US dollar pulling back on yields. The Bloomberg Commodities Index rose 1.1% … Continue reading “Commodity Traders Weekly Outlook: Soybean Oil and Rice Prices Surge, Orange Juice Fall Continued”

Commodity Traders Weekly Outlook: Lean Hogs and Cattle Prices Bounce Back, Natural Gas Falls Again

CME Lean Hog futures soared almost 13% this week, a strong rebound tumbling to contract lows as excess supplies and weak demand for U.S. pork had fueled losses for six consecutive sessions the prior week. Orange Juice (FCOJ) gave back 4% after it’s spectacular 13.48% jump the week prior on the USDA crop forecast. De3ja Vu for natural gas, benchmark Henry Hub futures fell almost 10% after slumping 6% the week prior. Both gold and silver ran showed some life, … Continue reading “Commodity Traders Weekly Outlook: Lean Hogs and Cattle Prices Bounce Back, Natural Gas Falls Again”

Commodity Traders Weekly Outlook: OJ Soar on Production While Lean Hogs Fall on Demand

Orange Juice (FCOJ) had a spectacular jump this week, jumping. 13.48% after the US Department of Agriculture (USDA) crop report forecasts 2023 to bring the worst harvest of Florida oranges in 86 years. They estimate producing 16 million boxes of orange juice, down a historic 61 percent on the 41 million produced in 2022. The biggest prices fall this week were in CME Lean Hog futures tumbling to contract lows as excess supplies and weak demand for U.S. pork fueled … Continue reading “Commodity Traders Weekly Outlook: OJ Soar on Production While Lean Hogs Fall on Demand”

Commodity Traders Weekly Outlook: Natural Gas on Fire, Grains Sell Off

For the second week natural gas led the commodities pile, continuing its recover surging over 14% for the week. Grains again were the week’s biggest losers with Canola, rice, corn, soybeans beans and meal all down over 5% on the week. Last week’s WASDE report impacting prices again. Both gold and silver ran continued lower but did bounce late Friday to mitigate much of the damage as the debt ceiling hopes faded. The move was influenced by the US dollar strengthening … Continue reading “Commodity Traders Weekly Outlook: Natural Gas on Fire, Grains Sell Off”

Commodity Traders Weekly Outlook: Natural Gas Recover, Orange Juice and Silver Sell Off

Natural gas saw some relief this week recovering some of the prior week’s constant selling to close up 0ver 6% for the week. Soybean oil, Silver and OJ futures were the week’s biggest losers. The WASDE report saw volatility amongst the grain which had been up ahead of the release. Both gold and silver ran out of gas, pulling back hard after heavy spec buying took profit. The move was influenced by the US dollar strengthening on safe haven buying. The … Continue reading “Commodity Traders Weekly Outlook: Natural Gas Recover, Orange Juice and Silver Sell Off”

Commodity Traders Weekly Outlook: Natural Gas and Oil Prices Slump While Grains Recover

Energy prices continued their steep fall with US benchmark Henry hub falling -12.26% for the week, now down -73% year on year. The crude oil complex continuing to sell off this past week, while Brent and WTI did bounce hard off a level not seen since December 2021, that said oil still lost more than $5.00/bbl for the week. Last Week WTI futures fell -7.09% on the week, Brent was down 6.12%, heating oil was down 2.63% and gasoline down 5.74%. … Continue reading “Commodity Traders Weekly Outlook: Natural Gas and Oil Prices Slump While Grains Recover”

Commodity Traders Weekly Outlook: Feeder Cattle Prices Soar 10%, Corn and Wheat Lower

Feeder Cattle saw contract highs, up 10.5% for the week with corn lower by 7.77% and wheat down 1.21%. July platinum rose 8.2% supported by a huge 72,469 ounces single day inflow to ETF holdings on Wednesday. Platinum ETF holdings now expanded 5.9% year-to-date. Palladium ETF holdings significant volatility in daily flows with holdings 4.6% higher year-to-date. June WTI oil settled with a weekly loss for the first in five weeks, down 5.5% for the week. Gold June futures settled … Continue reading “Commodity Traders Weekly Outlook: Feeder Cattle Prices Soar 10%, Corn and Wheat Lower”

Commodity Traders Weekly Outlook: Soft Commodities Coffee & Sugar Prices Higher on Tight Supply

Commodities continued to feel the impact of weather and supply impacts. Managed money demand for soft commodities extended to a third week with the tight supply outlook supporting a rally in coffee prices this week of over 8%. Raw sugar futures in the US continued to rise to over ten-year highs accelerating after breaking through the high from late February spurred on by a number of factors. Crude oil consolidated it’s rally, WTI rose 2.3%. Gold pulled back, but closed … Continue reading “Commodity Traders Weekly Outlook: Soft Commodities Coffee & Sugar Prices Higher on Tight Supply”