December 4, 2023 Falling prices on mainly energy commodities have principally been driven by the fundamental combination of soaring supply and lower consumption, raising serious sustainability concerns. Crude Oil Crude futures lowered on strong US inventory buildup WTI crude futures weakened below $75, extending losses from the previous sessions and facing downward pressure from skepticism …
Dr. Ken Rietz November 30, 2023 Energy prices in Europe spiked when Russia invaded Ukraine, especially when the Nord Stream pipeline was blown up, adding more pain to Europe’s already climbing fossil fuels prices. From fall of 2022 until spring of 2023, households across the continent struggled to maintain minimal levels of comfort, even though …
November 27, 2023 US agriculture futures continue to trade under oversupply expectations from key producers and dollar depreciation. Wheat Wheat below $5.5 as global supply hits the market Even with a weaker dollar, US wheat prices continue its downside trend as plentiful global supplies kept prices for U.S. wheat uncompetitive. U.S. wheat futures also struggled …
November 20, 2023 Energy commodities exhibit a turbulent environment as supply and demand dynamics significantly affect the money-managed funds. Crude Oil Four month low from WTI speculators’ bets WTI crude oil futures rose toward $76 per barrel on last Friday’s session, cutting the 5% plunge from the prior session that took prices to their lowest …
Dr. Ken Rietz November 16, 2023 One of the more curious price changes lately has been the decrease in the price of crude oil, of all sorts. There are numerous reasons why this should not be happening, such as inflation, armed conflict in the Middle East that could easily spread to major exporters of crude …
Fundamental Analytics would like to introduce our inaugural monthly issue of Carbon Market News Roundup, the goal of which is to introduce our audience to a new asset class market in the making: the carbon market. As more and more companies pledge to combat climate change, they find their own greenhouse gas emissions difficult to eliminate …
November 13, 2023 Agriculture markets continue to be dominated by historically high supply, keeping corn, wheat, and soybeans futures relatively low. Wheat Weekly gains for wheat, but supply is strong Wheat futures remain stuck below the $5.8/bushel benchmark, as strong supply expectations dominate the consensus. The weekly gain was +0.48% The weekly export sales report …
Dr. Ken Rietz November 9, 2023 The US soybean harvest is finishing up, and despite the weather, the resulting size of the harvest is projected to be higher than usual. As expected, the price of soybean futures dropped as the harvest predictions came in, at least until mid-October (see the first graph below). But then, …
Dr. Ken Rietz November 3, 2023 I usually avoid the big issues in the media. This week, I want to tackle a topic that has been plastered all over the press: the mergers initiated by ExxonMobil (Exxon) and Chevron. The purpose is to fill in what the press omitted and then to look at what …
November 6, 2023 The supply of energy commodities remains at high levels, pushing prices for crude and gasoline lower, while LNG futures increase amid traders wanting to decrease their oil exposure. Crude Oil Strong US supply, WTI return to two-week low WTI crude futures slipped -9.3% during the last two weeks. Oil prices are …
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