Thu, Apr 24, 2014
A A A
Welcome kbr175@gmail.com
RSS
Commodities Briefing 04.Nov 2011

Posted on 04 November 2011 by VRS |  Email |Print

Global food prices fell sharply in October but volatility on commodity markets is hurting prospects for world food security, the UN food agency warned Thursday as G20 leaders met for a summit in Cannes.
The UN’s Food and Agriculture Organisation (FAO) said its monthly food price index fell four percent to 216 points from September, mainly due to production increases in key regions and falling demand due to the economic crisis………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

Kenrick JordanIn a new agricultural outlook this week, Kenrick Jordan, senior economist with BMO Capital Markets, forecasts essentially flat growth for 2011 of only 0.2%, with crop production slipping 1% while the relatively smaller livestock sector grows 4.5% on poor weather, higher input costs and a strong loonie.
This comes on top of an outright 1.2% decline in overall production last year. But 2012 will be a different story, says Mr. Jordan. “Next year, activity should strengthen as growing conditions improve and crop yields return to more normal levels,” he said. “The sector should continue to expand over the medium term at annual rates above the trend of the past several years.”……………………………………….Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

The past two years have been rough on farmers, thanks to everything from droughts to floods to locusts to rocky commodity prices, but with 2012 around the corner agribusinesses looking for a fresh start are likely to get their wish.
In a new agricultural outlook this week Kenrick Jordan, senior economist with BmO Capital markets, forecasts growth for 2011 of only 0.2% overall, with crop production slipping 1% while the relatively smaller livestock sector grows 4.5% on poor weather, higher input costs and a strong loonie………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

Want a clue as to how corn, sugar, wheat, oil or gold futures will perform? Take a look at what investors think of the chances of bank default.
A “bloodbath” in one segment of the commodities market in September, which in futures landed copper with its worst month in three years, and corn its worst since 1996, was down to fears for banks being unable to pay up more than concerns for the raw materials themselves………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

OPEC member Qatar is optimistic that the euro zone crisis currently dominating oil market sentiment will be resolved soon, Qatari energy minister Mohammed al-Sada said on Thursday, adding that oil market fundamentals are balanced.
“How the euro zone solves the challenge is dominating the movement in (oil) prices on a daily basis,” Sada told Reuters at an event in Doha. “We are optimistic that they are attending to the problem and we are confident that it will be resolved soon.”……………………………………….Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

The price of oil dived 3% on Tuesday as Greece announced plans for a referendum and stock markets panicked. Within 24 hours, Brent blend had bounced back and on Thursday was cruising along on not far short of $110 per barrel. This is historically a very strong price which puts 2011 on course for the highest year-average oil price on record. But why?
If the rest of the investment community is factoring in the possibility of a double-dip recession then surely energy prices should reflect a big potential hole in demand resulting from major economic slowdown………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

The Organization of Petroleum Exporting Countries will bolster crude shipments by 1.8 percent through to the middle of November before winter demand for heating fuels, according to tanker-tracker Oil Movements.
OPEC will export 22.86 million barrels a day in the four weeks to Nov. 19, compared with the 22.46 million barrels shipped in the month to Oct. 22, the Halifax, England-based researcher said today in an e-mailed report. The figures exclude Ecuador and Angola………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

There could be a severe global oil crunch by 2015 due to drastic changes in the oil market fundamentals, a World Bank consultant told the 17th Annual Energy Conference of the Emirates Centre for Strategic Studies and Research (ECSSR).
Addressing the ECSSR conference in the UAE capital, Dr Mamdouh Salameh, Consultant on Oil and Energy Affairs for the World Bank, said: “Unfortunately, the current alignment of these fundamentals can only lead to a severe tightening of the oil market………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

It’s been several weeks since I’ve written about Gold and we have had a wild ride since the $1910-$1920 highs in August. At the time as we approached I forecasted a major correction was due and we were shorting the rise from $1862-$1910 prior to a huge $208 drop that took place over just a few days. We covered our short at $1725 and then Gold rallied back to a double top at $1920 and then fell back to $1531.
That pullback to $1531 qualifies as a Fibonacci retracement of the 34 month rally from $681 to $1920, and would also qualify for a price low for a 4th major wave correction………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

The growing number of investors looking to gold as a means to preserve their capital during the current global economic crisis has contributed to the development of large-scale mining operations in Africa.
As one of the leading continents in gold mining, and with the high demand for and trade in the precious metal, many gold- mining projects are surfacing across Africa, says Investec asset manager precious metals analyst Daniel Sacks………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

Rare earths are an unsettling topic. Today, everyone tries to come across as having had a concrete view on these materials since at least 2002. But unless you were a scientist or directly involved in making catalysts or magnets, you probably didn’t know that rare earths existed until 2010, when the Chinese clamped down on quotas that had been in place for years.
Those quotas limited both the amount of rare earth that companies in China could make, and the amount that could leave China. And all of us suddenly became rare earths experts………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

Exchange traded funds and notes listed in the U.S. saw inflows of nearly $24 billion in October as assets under management in the fast-growing business climbed back above $1 trillion.
According to the National Stock Exchange, ETFs and ETNs held $1.081 trillion in assets at the end of October, a 15% jump year-over-year and a 11% gain month-over-month when assets totaled $973 billion in September………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

Greece might not take the bailout money? OK … sell everything you’ve got, including that low-risk Vanguard Utilities Fund (VPU). Greece is back on board? Very good … then buy Small Cap Australia (KROO) to profit from the “dollar carry trade.”
Investors of all sizes - individual, advisers, money managers, hedge funds - view risk differently in 2011. There’s less focus on tolerable loss through diversification and asset allocation. Instead, many endeavor to eliminate any and all downside … with questionable results………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

Recently, many commodities have been dragged down by technical factors. As a result, the price of silver, platinum, and copper have all been hit and are trading more than one standard deviation below their 50-day moving average. Speaking entirely from a technical standpoint, this “oversold” condition quite possibly could warrant a “buy” opportunity.
However, looking past the technical analysis and focusing more on fundamentals; these three commodities stocks look like a very good buy………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

Gold prices in euros will rise to a record as Europe’s sovereign-debt crisis erodes the appeal of the 17-nation currency and boosts demand for the precious metal as an alternative asset, according to economist Dennis Gartman.
The CHART OF THE DAY shows gold has had an inverse relationship to the euro during the past week, as the metal jumped 3.8 percent and the currency slid 2.6 percent. The euro, which has declined in three of the last four months, may fall below $1.30 from about $1.38 yesterday, Gartman said………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

Wheat is heading for the biggest slump in three years as the second-largest harvest on record swells stockpiles, easing shortages that drove global food costs to an all-time high.
Prices that plunged 20 percent to $6.35 a bushel this year in Chicago will probably drop as low as $5.90 before the end of December, according to the median estimate of nine analysts and traders surveyed by Bloomberg. Supply in the 12 months ending June 30 will expand 5 percent to 684 million metric tons, boosting inventories to the highest in a decade, the London- based International Grains Council estimates………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

Cutting carbon dioxide emissions seems more difficult than ever as global carbon markets have stalled after five years of consecutive growth. The World Bank has given the sombre note, but said the global market had already touched $142 billion last year, a long way from the initial year of 2005.
With uncertainty looming over the future of the Kyoto Protocol, the US not being a part of it and Europe in an acute economic crisis, the concern was raised when delegates of Carbon Forum Asia met in Singapore Wednesday to remove the differences and find solutions………………………………………..Full Article: Source

Posted on 04 November 2011 by VRS |  Email |Print

The European Union refused Thursday to drop plans to charge all airlines for carbon emissions when flying to and from Europe despite opposition from the UN’s civil aviation body.
The International Civil Aviation Organization adopted a working paper, backed by the United States, China, Japan and Russia, urging the EU to exempt foreign carriers from rules that are due to come into force on January 1………………………………………..Full Article: Source

See more articles in the archive

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930