Updated IGC forecasts lead to soaring wheat prices
Jun 26, 2015 09:22 am UTC| Commentary
The IGC was still anticipating a balanced wheat market at the end of May, it is now forecasting a slight 2 million ton deficit for the year 2015/16, notes Commerzbank.The reappraisal was prompted by weaker wheat...
Higher inflation suggests Riksbank stays sidelined in July
Jun 26, 2015 09:14 am UTC| Commentary
There is still no telling whether the Riksbank will announce further measures at the monetary policy meeting scheduled for July 1st (announcement on Thursday July 2nd) or whether it will do so later on. According to Nordea...
US EIA expects gradual reduction of oil oversupply
Jun 26, 2015 09:11 am UTC| Commentary
Just like the market, however, the EIA is convinced that the oversupply is being gradually reduced, partly on the back of increased demand.The EIA points to a shrinking contango as one indication of a tightening market,...
Updated IGC forecasts lead to soaring corn and wheat prices
Jun 26, 2015 09:08 am UTC| Commentary
The International Grains Council (IGC) published its market report for wheat and corn yesterday. The IGC remains more sceptical about grain production than the US Department of Agriculture (USDA). Admittedly, the IGC did...
Jun 26, 2015 09:08 am UTC| Commentary
Stagnating prices on the oil market this morning sees Brent trading at just shy of $63.5 per barrel, which is almost exactly the same price as yesterday morning.The report on the availability of petroleum in countries...
China imported more gold again from Hong Kong in May
Jun 26, 2015 09:05 am UTC| Commentary
After a brief recovery gold price dropped back to $1,170 per troy ounce and is trading only marginally above this level this morning, a 6.9 ton inflow into the gold ETFs - the highest daily inflow since the beginning of...
Norwegian macro, more cuts to come
Jun 26, 2015 08:47 am UTC| Commentary
Norges Bank surprised at the June meeting. Not by cutting rates to 1%, but by stating that another cut in September was likely. According to the rate path a cut at the September meeting has a 2/3 chance. a cut late this...
Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects