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1245 days ago

Soybean prices hit 4-year high as China demand ticks up

Chicago soybean futures rose to a four-year high on Thursday morning, as dry weather in South America and increasing demand from China supported prices. "China is actively buying beans and we are seeing additional demand emerge from Brazil," a Singapore-based commodity trader said, who was quoted by Reuters. The trader continued: "The weather is not perfect for Brazil and the crop is likely to get delayed due to the dry weather." November soybean contracts trading on the Chicago Board of Trade were up more than 1% Thursday morning, trading around $10.95 per bushel, climbing to the highest level since July 2016 - source: www.zerohedge.com 

#Commodities
November CBoT Soybean Futures

1246 days ago

Gold is the top performing asset class over the last 20 years

Performance are all $ denominated - source: Ritesh Jain, Y chart 

#Commodities
Major asset classes performance over the last 20 years (in $)

1246 days ago

Gold is breaking out from consolidation triangle as the dollar weakens

Gold remains stuck in a short term downtrend/consolidation since July highs. With the dollar weakening again, gold is starting to break above the trend line. Here's the fundamental story: we have BOE doing more QE, ECB most probably doing more in December and Fed should be reigniting the machine. In the past, more QE translated into higher gold prices - source: The Market Ear, Refinitiv 

#Commodities
Gold technicals

1247 days ago

'Blue wave' election investments roll over - Clean energy ETF plummets

Exit poll results, much tighter odds and betting markets predicting a Trump win have seen investors flip election plays like clean energy under Biden.

#Commodities
'Blue wave' election investments roll over - Clean energy ETF -6%

1249 days ago

Two 50-year bullish patterns developing in #silver

The price of silver touched a 7-year high this year and a long term cup 7 handle pattern as well as an ascending triangle suggest much higher prices 

#Commodities
Two 50-year bullish patterns developing in #silver
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