23.10.2014 - Don’t Expect Big Gains In Commodities
Overall, pressure on commodity prices remains in place. The exception to the rule is the livestock market, which managed to rise 19% since last October. Disease and widespread drought conditions in California and other states drove livestock prices up to record highs. On the other hand, energy was the worst sector, down 19% since October of last year. Americans driving less and more efficient cars caused US demand to decrease while US production is peaking as the nation is enjoying a renaissance in its domestic crude oil and gas exploration. In the same manner, soft commodities lost 18% this year, the second-worst performer. Precious metals remain at low levels, falling 9% this year...............................................Full Article: Source
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