Grain prices broke higher in recent trading led by wheat and the short-term outlook looks positive. Gains followed Vladimir Putin’s announcement that Russia will extend its ban on grain exports until late 2011. However, this development does not fundamentally alter my key views regarding the complex, namely: The short-term outlook for grains is fairly bullish… [Read more]
Risk watchdog had been bullish towards the agricultural complex for some time, but last week’s barrage of data from the US Department of Agriculture (USDA) has proved a bit of a game changer. Specifically, while still optimistic on the outlook for soft commodities such as coffee, cocoa and sugar, me and my colleagues here at… [Read more]
Commodity markets have been posting losses for several days now, with the CRB Index declining for most part of this week. The index declined from approximately 250, to a low of 231 yesterday, before bouncing slightly to 233. Weighing down on the CRB has been oil, (which has approximately a 30% weighting in the index)…. [Read more]