Commodity News

Top Stories

For Commodity Prices, China’s Output Is Becoming a Growing Factor

The Wall Street Journal - 3/29/2017 8:28:17 PM
Chinese demand has long been the driving force in many global commodity markets. Now, the country’s falling production of goods from aluminum to coal is moving prices and getting more attention from investors. For example, last year, the world’s No. 2 ...

AUD/NZD: undervalued on commodity prices and relative interest rates - Westpac

Forex Street - 3/30/2017 7:08:22 PM
In respect of AUD/NZD, analysts at Westpac explained that the ratio of Australia’s commodity prices to a similar measure weighted by New Zealand’s key commodity exports has rallied strongly over the past 12 months, though November was the peak.

Direxion Launches Quantitative, Rules-Based Commodity ETF

Yahoo Finance - 3/30/2017 12:41:49 PM
which limits their potential because investors can only benefit when commodity prices rise," said Edward Egilinsky, Managing Director at Direxion. "Successfully investing in commodities depends on the ability to adapt to change. COM uses a long/flat (cash ...

UK farm commodity prices will move towards world levels post-Brexit

Agriland - 3/30/2017 5:42:28 PM
It’s inevitable that UK agricultural commodity prices will move closer to world levels post-Brexit, according to AFBI’s (Agri-Food and Biosciences Institute’s) Professor John Davis. “It will then be up to the politicians in London to decide what ...

A Massive New Rally in Silver Prices could take the Gold

commoditytrademantra.com - 3/30/2017 5:06:40 PM
Sean Brodrick: Silver has its racing shoes on, and it is pulling away from the pack. Take a look at the year-to-date performance of silver prices, gold and the S&P 500. The S&P 500 is up 5.77%, riding a wave of Trump-mentum. Gold is doing better ...

Expect Soybean prices to trade sideways to higher: Angel Commodities

Money Control - 3/30/2017 5:32:19 AM
Soybean April futures closed higher for the second consecutive day on Wednesday on low level buying by the market participants The meal exports also support the prices coupled with slower arrivlas. According to SEA, India's soymeal exports are likely to be ...

DTI wants private sector to dictate prices of basic commodities

Inquirer - 3/29/2017 5:22:10 PM
The Department of Trade and Industry (DTI) wants to deregulate how suggested retail prices (SRP) are fixed, thus giving the private sector a free hand in setting the prices sans government approval. Trade Secretary Ramon M. Lopez told reporters he wanted ...

Commodities: Crude's gains likely limited as traders begin re-focusing on Opec curbs

digitallook.com - 3/30/2017 3:12:08 PM
"As long as optimism continues to fade over Opec stabilising the saturated oil markets, bears will have many opportunities to attack prices lower," said Otunuga. "From a technical standpoint, oil bears may exploit the technical bounce to send (WTI ...

FxWirePro: AUD/USD trades narrow range, weakness surrounding commodities’ prices keeps upside capped

econotimes.com - 3/30/2017 4:20:44 AM
AUD/USD pauses two consecutive sessions of upside, edges lower as steep losses seen in gold and copper prices dented the sentiment around the resource-lined AUD. The pair is hovering in a narrow range after breakout above daily cloud on Wednesday's trade.

Tofu Trailblazer: Soymeal Leads China Charge Into Commodities Derivatives

USNews - 3/30/2017 10:40:08 AM
the country's first exchange-traded product of its kind in commodities. The derivatives are designed to make it easier for the likes of traders, pig farmers and the companies who process soybeans into oil and feed to hedge price swing risks. Worth $7 ...

UPDATE 1-Canada producer prices rise in February for sixth straight month

Reuters - 3/30/2017 12:34:39 PM
Statscan revised January's increase to 0.6 percent from an initial 0.4 percent. Of the 21 major commodity groups, prices climbed in eight, fell in 10 and were unchanged in three. Stronger demand for frozen pork helped drive overall prices for meat ...

Indonesia Pays Price of Protectionism as Commodity Exports Sink

hellenicshippingnews.com - 3/29/2017 1:11:38 PM
Indonesia’s economy is losing out on commodity gains after lawmakers wrapped protectionist policies around the nation’s resources. Their next problem: finding a lucrative replacement. Commodities now account for about 40 percent of all exports, down ...

Lopez wants government to stop setting suggested retail prices for prime commodities

BusinessMirror. - 3/28/2017 11:57:04 PM
The government is giving up its power to set suggested retail prices (SRPs) for prime commodities—often a contentious matter between businesses and regulatory agencies—as long as industry competition is healthy. “We’ll let the market decide.

NZ dollar slips vs Aussie as commodity prices rise

Scoop - 3/29/2017 5:15:01 PM
March 29 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar as commodity prices shored up demand for the Aussie, while gaining against the British pound after UK Prime Minister Theresa May signed the formal letter that will trigger ...

Forex - USD/CAD edges lower as oil prices climb

NASDAQ - 3/30/2017 9:21:23 AM
Investing.com - The U.S. dollar edged lower against its Canadian counterpart on Thursday, despite the release of strong U.S. economic reports, as a jump in oil prices boosted demand for the commodity-related Canadian currency. USD/CAD hit 1.3305 during ...