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1088 days ago

Commodities continue price rise; Lumber is up 75% since last Spring

Lately it has been hard to find a commodity not rising in price. Copper, crude oil, corn, wheat and lumber have burst from the shadows of last Spring lockdowns. Lumber prices have rallied more than 75% higher than pre-pandemic levels ! Overall the producer price index rose 1% in March.

#Commodities

1088 days ago

Global food prices keep rising

The wholesale price of food initially fell during the pandemic, but it was swift to get back on the rising trend. Food today is on average 18.5% pricier than the 2014-2016 average. The overall price is partly being driven by the rising price of palm oil and cereals. 

#Commodities #Macro
Global food prices keep rising

1088 days ago

Oil futures slip below $60 with rising dollar

Oil was seen nearing $59 after falling 3.5%. The shift is seen after the US dollar saw a recent rise in value and as investors assess the near-term demand outlook with covid-19 cases flaring up in certain regions. 

#Commodities

1089 days ago

A United Nations gauge of global food prices climbed for a 10th month in March, driven higher by costlier vegetable oils, meat and dairy. This the highest level since June 2014

Source: www.zerohedge.com 

#Commodities
Food prices index

1092 days ago

Lumber is the new gold

Lumber is up by 8.6% in the past month. The whole supply chain is in chaos and the demand remains ahead of production.

#Commodities
Wood is the new gold
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