FlowBank

1233 days ago

Soybeans near $12 per bushel on CBOT yesterday, breaching a four-year high earlier this month

Soybean futures sold for around $11.69 per bushel on the Chicago Board of Trade yesterday, breaching a four-year high earlier this month. By comparison, CBoT soybean futures were trading around $9.40 per bushel when the U.S.-China Phase 1 trade deal was signed in mid-January. Moe Agostino, the chief commodity strategist with Farms.com Risk Management, said bullish price action had been the result of two factors: increased trade and weather events. "It started with better-than-expected demand, particularly from China as they bought soybeans because they needed them as part of the Phase 1 trade deal," he said. Source: www.zerohedge.com 

#Commodities
Soybean futures

1233 days ago

Oil (yellow line) has been sharply outperforming Gold (purple line) since the 1st Vaccine news

Source: The Market Ear, Refinitiv 

#Commodities
Oil vs Gold

1233 days ago

Will Gold catch up with money supply?

Source: @jsblokland

#Commodities
Money Supply Growth vs. Gold

1234 days ago

Morgan Stanley does not see the price of Gold going up.

Source: World Gold Council, WBMS, Morgan Stanley Research Estimates

#Commodities
gold price ounce

1236 days ago

Gold vs. U.S 10 year real rates (inverted): is the tide turning for the yellow metal?

Wil U.S real rates moving higher recently (inflation unchanged but U.S bond yields going up), Gold has been losing some momentum. For Gold to move higher, we need to see inflation expectations moving higher, US dollar weakening to continue and EM retail demand to see further recovery. - source: The Market Ear, Refinitiv  

#Commodities
Gold vs. U.S real rates inverted
bg_newsletter