1074 days ago
Commodities rally: Copper keeps climbing
Copper prices have reached their highest level since 2011. On the food side corn, soybeans and other crops are trading at their highest prices since 2013.
1074 days ago
Big oil companies could see free cash flow rise on oil price hike
Some may wonder if it is time to consider buying into BP, Shell, Chevron, Total and Exxon as the re-opening trade begins to see traction. These firms offer handsome dividends and are looking to 1. cut debts and 2. invest in ESG solutions with the extra cash and 3. buyback shares (which makes EPS look more attractive). However, ''capex cuts, debt and disposals could do as much if not more harm than good, and none are really sustainable''.
1075 days ago
Lumber futures are now up 19 of the past 20 days.
This surge in lumber prices to record highs, which was driven by an unprecedented shortages coupled with soaring demand by homebuilders has also translated to unprecedented events in the supply chain, with Bloomberg today reporting a remarkable episode showing how extreme America’s shortage of lumber has become: For the first time in recent memory, a lumberyard was the one selling wood to a supplier.
1077 days ago
Food prices keep going up
Grains hit a fresh multi-year high as crops yield is a little uncertain and Chinese demand rises. Year-on-year, grains prices are up 72%, softs are up 50% and livestock 59%.
1078 days ago
Chipotle earnings soar with digital sales surge and drive throughs.
Compared to a year ago, digital sales grew to $869.8 million dollars and were primarily driven by order ahead transactions by guests and the addition of drive-through “Chipotlanes." In fact, digital buying spurred by COVID-19 social distancing accounting for 50.1% of sales.
