After a volatile year and a seemingly robust start to 2012, Mark Schaltuper, Head of Europe Country Risk & Financial Markets, asked Business Monitor’s Commodities team what the outlook for commodities is for the remainder of the year. John Davies, Ed Coughlan and Ophelie Buchet share their views on the upside potential for the commodity… [Read more]
I expect soft commodity markets to continue trading in a volatile fashion over the coming weeks driven chiefly by their own specific supply and demand dynamics, rather than wider macro-developments. My key thoughts are as follows: The cocoa market will likely to remain volatile and I do not rule out continued gains in the coming… [Read more]
On February 22, sugar prices were trading around the USc25.00/lb area, and I targeted a sharp correction to the USc18-20/lb area on Business Monitor’s online service. ( I decided to share this with Risk Watchdog readers on two days later). This view has played out magnificently, although a little faster than I had anticipated, with… [Read more]
Sugar prices have steadily weakened since they peaked at USc30.40/lb in early February, and are currently trading at USc24.60/lb. I think the technical picture is deteriorating, and this combined with expectations of a loosening market in 2011 suggests that the rally I initially highlighted in August 2009, may be coming to an end. The monthly,… [Read more]
Sugar has already been the star performer among agricultural commodities in 2009, but Risk Watchdog believes that the year-long ascent in prices could have further to run. Sugar began the year trading around USc14.00/lb region, but by September, had rallied all the way to USc26.00/lb. Since the summer, prices have edged lower as investors hesitated… [Read more]
BMI chief commodity analyst Cedric Chehab discusses his outlook on soft commodities, and how the techincal and fundamental pictures align for a bullish outlook on sugar.
