1073 days ago
Some buyers are moving fast to secure supplies for later in the year in case prices begin rising on an American economy set to heat up in 2021. A second reason for this surge in futures demand is that milk production could be lower this year due to adverse weather and higher feed prices.
1073 days ago
The stocks of shale gas exploration and production companies like Antero and Range Ressources outperformed broader indexes in 2020, but their year-over-year comparisons have shrunk as shale oil producers and the larger economy have recovered from the 2020 crash in crude prices.
1073 days ago
China keeps demanding more food and supply remains tight, which means that agricultural firms like Archer Daniels Midland and Bunge are thriving. Shares of the two companies are up 18% and 30% year-to-date, respectively. China's crop imports are likely to remain strong until the end of the year, according to Cargill.
1073 days ago
Oil climbed in Asia after OPEC+ predicted a strong global recovery this year, despite the demand being a little shy. New York futures rose above $62 before sliding 0.4% on Monday. OPEC+ believes that oil consumption will rebound by 6 million barrel from last year, but recent happenings in India and other countries might come to challenge this rather bullish outlook. OPEC+ believes that their stocks from the pandemic will be cleared before the end of the quarter.
1073 days ago
Source: Bloomberg, www.zerohedge.com
