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The latest breaking Commodities news articles, financial market, rates and more.

 

European stocks rise across the board, led by commodities ... - MarketWatch

European stocks climbed Monday, with the trading week opening with broad-based gains led by commodity shares and retailers. The Stoxx Europe 600 SXXP, -0.23% leapt 0.8% to 391.56, with investors picking up shares of oil and gas and mining stocks. Such moves were also aiding gains for the U.K.'s FTSE 100 UKX, -0.20% which rose 0.8% to 7,525.61. Topping the Stoxx 600 was Ocado Group PLC OCDO, -0.30% rising 6.4% as the British online grocery company is considered a takeover target in the wake of Amazon.com Inc.'s AMZN, +0.24% deal last week to buy upscale grocery chain Whole Foods Market Inc. wfmi In Brussels Monday, U.K. officials will begin Brexit talks with European officials. France's CAC 40 PX1, -0.30% popped up 1% to 5,317.71, after French President Emmanuel Macron's upstart party won a strong majority in parliamentary elections on Sunday. Germany's DAX 30 DAX, -0.47% moved higher...


Read full article on News GN Commodities


Read more: European stocks rise across the board, led by commodities ... - MarketWatch

A Bold Commodities Call: (NYSE: GCC) | Benzinga - Benzinga

A Bold Commodities Call

With few exceptions, the commodities complex is being taken to task this year. Even diversified commodities exchange-traded products are not offering much shelter from the storm in the face of slumping oil prices.

For example, the WisdomTree Continuous Commodity ETF (NYSE: GCC) is down 4.3 percent year to date. Compared to some other commodities ETFs, particularly single commodities funds, GCC's 2017 year-to-date showing is not all that bad. Still, endorsing commodities from the long side is viewed as a bold call these days.

GCC: A Bold Call

GCC “has lost an annualized 5.1 percent since its inception on January 25, 2008, or 38.7 percent cumulatively,” said WisdomTree in a recent note. “Even that showing was enough to put it at the top of the heap among the five diversified commodity ETFs that have been around that long. Yet a relative performance like that can leave much to be...


Read full article on News GN Commodities


Read more: A Bold Commodities Call: (NYSE: GCC) | Benzinga - Benzinga

China calls on domestic investors to boost commodity presence - Financial Times

A labourer loads steel wire coils at a steel market in Taiyuan, Shanxi province, China © Reuters

China has called on its powerful wealth management and financial institutions to bolster their investment in domestic commodity markets as the largest buyer of raw materials seeks a greater say over prices.

Beijing wants to make it easier for commercial banks, insurance companies and pension funds with trillions of dollars in assets to invest in raw materials, Fang Xinghai, vice-chairman of the China Securities Regulatory Commission, said in a speech at a conference in Qingdao.

His comments helped boost commodity prices on Monday. Steelmaking ingredient iron ore rose 1.5 per cent to $54.70 a tonne, while copper added $50 to $5,722 a tonne.

Benchmark prices for most commodities are still set by western exchanges such as the London Metal Exchange or index providers such as...


Read full article on News GN Commodities


Read more: China calls on domestic investors to boost commodity presence - Financial Times

Commodities rout a result of China's financial constraints - The West Australian

The unfolding rout in commodity markets that knocked the Australian sharemarket to a four-month closing low yesterday is shaping up to be a repeat of 2015 because China has limited financial ability to remain the global buyer of last resort.

Stockpiling in China and speculative demand around the world were mostly behind the commodity rebound last year, not final consumer demand.

Record speculative interest betting on global growth acceleration was registered in commodities, bonds and global stocks but the US Federal Reserve’s three interest rate increases have raised the cost of funding speculative bets with margin debt.

Global growth bellwethers, oil, natural gas and iron ore, have all fallen into technical bear markets with losses in excess of 20 per cent.

Fortescue Metals Group's supersized ships will transport iron ore directly to China.

Defying OPEC production curbs and major...


Read full article on News GN Commodities


Read more: Commodities rout a result of China's financial constraints - The West Australian

Commodities: The 1st Cut Isn't The Deepest - MarketPulse (blog)

Gold lifted by Oil’s collapse as the noise around a deeper OPEC cut intensifies.

Oil’s suffering continued overnight with both Brent and WTI finishing over 2 percent lower in the New York session. The story, however, isn’t the headline fall for the session, it is the price action after the U.S. EIA Crude Inventory numbers. Inventories fell by a larger than expected 2.45 million barrels with gasoline inventories also falling 0.6 million barrels. Crude immediately bounced about one dollar, but both Brent and WTI ran into a brick wall of sellers and collapsed some 4 percent to both finish near their lows.

The fact that oil is now falling on a bullish inventory number must be a red light for producers and traders alike. One implication is that U.S. shale producers have moved their hedges lower and are selling oil futures on any rally from these levels as per last night. The other is that...


Read full article on News GN Commodities


Read more: Commodities: The 1st Cut Isn't The Deepest - MarketPulse (blog)

The Basics Of Commodities - Benzinga

The Basics Of Commodities

Commodities are all around us. They’re well-known, tangible products that are often consumed on a daily basis. Popular commodity products include wheat, sugar, cotton, cocoa, crude oil, and gold. Generally speaking, commodities are highly abundant and accessible products to people in both developed and developing countries around the world.

A large number of commodities are traded in the futures market, which is a central exchange where buyers and sellers enter into contracts. A futures contract is simply an agreement to buy or sell a commodity at a particular price on a stipulated future date. Futures are highly leveraged products, requiring relatively small investments to potentially generate relatively high returns or you can risk more than the amount you invested.

It’s important to note that not all securities that trade on the futures market are commodities. Additional futures...


Read full article on News GN Commodities


Read more: The Basics Of Commodities - Benzinga

Slump in agri-commodities on hopes of record kharif output - Economic Times

Ref soy oil was down 1.68% in the week due to ample supplies of edible oil in the domestic market and weak international prices.Ref soy oil was down 1.68% in the week due to ample supplies of edible oil in the domestic market and weak international prices.
During current week, most of the agri-commodities traded on negative note on anticipation that country may produce record kharif food production next season bthough most spices closed higher.

Certain spices like turmeric, coriander and cardamom closed higher this week.

Turmeric futures on National Commodities and Derivative Exchange (NCDEX) jumped the highest, among agri-commodities, during the week to Rs. 6,350 per quintal, up by 5.34% due to higher export demand and poor arrivals.

Anticipation of lower acreage during the current season also supported the price rise.

Cardamom on Multi Commodity exchange (MCX), traded higher on reports that the new season harvest may be late on lower than expected monsoon rains during the month of May while coriander prices...

Read full article on News GN Commodities


Read more: Slump in agri-commodities on hopes of record kharif output - Economic Times

Gartman: The oil bear market has turned crude into a 'worthless ... - CNBC

show chapters

Crude oil has officially entered a bear market, and Commodities king Dennis Gartman told CNBC the pain is far from over.

In a recent interview, the editor and founder of The Gartman Letter said oil conglomerate OPEC was losing the war on oil, especially in light of the ascension of Saudi Arabia's new crown prince, Mohammed bin Salman. Crude oil is down nearly 20 percent in 2017, and is tracking for its biggest six-month drop since the late 1990s.

"He understands that crude oil, over the course of the next 20 to 40 years, is going to be a worthless commodity," said Gartman. "It will be supplanted by something else."

Crude oil posted its fifth consecutive weeks of losses, its longest weekly losing streak since August 2015. While Gartman expects the crude crush was far from over, he does expect oil to bounce back to $46 in the short-term.

"I bet over the next 2...


Read full article on News GN Commodities


Read more: Gartman: The oil bear market has turned crude into a 'worthless ... - CNBC

European stocks rise across the board, led by commodities ... - MarketWatch

European stocks climbed Monday, with the trading week opening with broad-based gains led by commodity shares and retailers. The Stoxx Europe 600 SXXP, -0.23% leapt 0.8% to 391.56, with investors picking up shares of oil and gas and mining stocks. Such moves were also aiding gains for the U.K.'s FTSE 100 UKX, -0.20% which rose 0.8% to 7,525.61. Topping the Stoxx 600 was Ocado Group PLC OCDO, -0.30% rising 6.4% as the British online grocery company is considered a takeover target in the wake of Amazon.com Inc.'s AMZN, +0.24% deal last week to buy upscale grocery chain Whole Foods Market Inc. wfmi In Brussels Monday, U.K. officials will begin Brexit talks with European officials. France's CAC 40 PX1, -0.30% popped up 1% to 5,317.71, after French President Emmanuel Macron's upstart party won a strong majority in parliamentary elections on Sunday. Germany's DAX 30 DAX, -0.47% moved higher...


Read full article on News GN Commodities


Read more: European stocks rise across the board, led by commodities ... - MarketWatch

China calls on domestic investors to boost commodity presence - Financial Times

A labourer loads steel wire coils at a steel market in Taiyuan, Shanxi province, China © Reuters

China has called on its powerful wealth management and financial institutions to bolster their investment in domestic commodity markets as the largest buyer of raw materials seeks a greater say over prices.

Beijing wants to make it easier for commercial banks, insurance companies and pension funds with trillions of dollars in assets to invest in raw materials, Fang Xinghai, vice-chairman of the China Securities Regulatory Commission, said in a speech at a conference in Qingdao.

His comments helped boost commodity prices on Monday. Steelmaking ingredient iron ore rose 1.5 per cent to $54.70 a tonne, while copper added $50 to $5,722 a tonne.

Benchmark prices for most commodities are still set by western exchanges such as the London Metal Exchange or index providers such as...


Read full article on News GN Commodities


Read more: China calls on domestic investors to boost commodity presence - Financial Times

Commodities rout a result of China's financial constraints - The West Australian

The unfolding rout in commodity markets that knocked the Australian sharemarket to a four-month closing low yesterday is shaping up to be a repeat of 2015 because China has limited financial ability to remain the global buyer of last resort.

Stockpiling in China and speculative demand around the world were mostly behind the commodity rebound last year, not final consumer demand.

Record speculative interest betting on global growth acceleration was registered in commodities, bonds and global stocks but the US Federal Reserve’s three interest rate increases have raised the cost of funding speculative bets with margin debt.

Global growth bellwethers, oil, natural gas and iron ore, have all fallen into technical bear markets with losses in excess of 20 per cent.

Fortescue Metals Group's supersized ships will transport iron ore directly to China.

Defying OPEC production curbs and major...


Read full article on News GN Commodities


Read more: Commodities rout a result of China's financial constraints - The West Australian

Commodities: The 1st Cut Isn't The Deepest - MarketPulse (blog)

Gold lifted by Oil’s collapse as the noise around a deeper OPEC cut intensifies.

Oil’s suffering continued overnight with both Brent and WTI finishing over 2 percent lower in the New York session. The story, however, isn’t the headline fall for the session, it is the price action after the U.S. EIA Crude Inventory numbers. Inventories fell by a larger than expected 2.45 million barrels with gasoline inventories also falling 0.6 million barrels. Crude immediately bounced about one dollar, but both Brent and WTI ran into a brick wall of sellers and collapsed some 4 percent to both finish near their lows.

The fact that oil is now falling on a bullish inventory number must be a red light for producers and traders alike. One implication is that U.S. shale producers have moved their hedges lower and are selling oil futures on any rally from these levels as per last night. The other is that...


Read full article on News GN Commodities


Read more: Commodities: The 1st Cut Isn't The Deepest - MarketPulse (blog)

Slump in agri-commodities on hopes of record kharif output - Economic Times

Ref soy oil was down 1.68% in the week due to ample supplies of edible oil in the domestic market and weak international prices.Ref soy oil was down 1.68% in the week due to ample supplies of edible oil in the domestic market and weak international prices.
During current week, most of the agri-commodities traded on negative note on anticipation that country may produce record kharif food production next season bthough most spices closed higher.

Certain spices like turmeric, coriander and cardamom closed higher this week.

Turmeric futures on National Commodities and Derivative Exchange (NCDEX) jumped the highest, among agri-commodities, during the week to Rs. 6,350 per quintal, up by 5.34% due to higher export demand and poor arrivals.

Anticipation of lower acreage during the current season also supported the price rise.

Cardamom on Multi Commodity exchange (MCX), traded higher on reports that the new season harvest may be late on lower than expected monsoon rains during the month of May while coriander prices...

Read full article on News GN Commodities


Read more: Slump in agri-commodities on hopes of record kharif output - Economic Times

The Basics Of Commodities - Benzinga

The Basics Of Commodities

Commodities are all around us. They’re well-known, tangible products that are often consumed on a daily basis. Popular commodity products include wheat, sugar, cotton, cocoa, crude oil, and gold. Generally speaking, commodities are highly abundant and accessible products to people in both developed and developing countries around the world.

A large number of commodities are traded in the futures market, which is a central exchange where buyers and sellers enter into contracts. A futures contract is simply an agreement to buy or sell a commodity at a particular price on a stipulated future date. Futures are highly leveraged products, requiring relatively small investments to potentially generate relatively high returns or you can risk more than the amount you invested.

It’s important to note that not all securities that trade on the futures market are commodities. Additional futures...


Read full article on News GN Commodities


Read more: The Basics Of Commodities - Benzinga

Where to look for the next bitcoin-like rally — if the sun shines right - MarketWatch

The battering the markets have taken from oil isn’t doing much for its popularity — or that of any commodity. But there’s an out-of-this world reason why it’s worth taking another look.

Crude is down 4.5% for the week, failing miserably to climb out of a bear market. It’s brought down stocks, too, as supply panic (again) gripped investors.

Never fear — the oil doom and gloom will all be over soon, says veteran macro-economic analyst Yves Lamoureux. He argues the news flow is now so utterly bearish on oil, that it’s time for a complete reversal.

And that’s not all. The entire commodity sector is heading into a five-to-seven year bull market, with agricultural produce in particular ready to make a sharp move higher, the market observer says for our call of the day.

“We believe that we have arrived at the turning point again, where commodities will outshine an investment in stocks. The...


Read full article on News GN Commodities


Read more: Where to look for the next bitcoin-like rally — if the sun shines right - MarketWatch

TSX Set for Strong Start As Commodities Rise - Nasdaq

Canada's benchmark index looked set to open higher on Friday, mainly boosted by rising commodity prices.

Stock futures for the September quarter on the S&P TSX index were up 0.1% recently.

Action Economics said oil was up for a second day, although there aren't any fresh cues. The underlying global oversupply narrative remains dominant, AE said.

Meanwhile, the Consumer Price Index ( CPI ) rose 1.3% on a year-over-year basis in May, following a 1.6% gain in April, Statistics Canada reported. Analysts expected a 1.5% reading. Excluding food and energy, the CPI was up 1.4% on a year-over-year basis in May, after posting a 1.5% increase in April.

The TSX gained 71 points on Thursday, led higher by financials.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights...


Read full article on News GN Commodities


Read more: TSX Set for Strong Start As Commodities Rise - Nasdaq

Gartman: The oil bear market has turned crude into a 'worthless ... - CNBC

show chapters

Crude oil has officially entered a bear market, and Commodities king Dennis Gartman told CNBC the pain is far from over.

In a recent interview, the editor and founder of The Gartman Letter said oil conglomerate OPEC was losing the war on oil, especially in light of the ascension of Saudi Arabia's new crown prince, Mohammed bin Salman. Crude oil is down nearly 20 percent in 2017, and is tracking for its biggest six-month drop since the late 1990s.

"He understands that crude oil, over the course of the next 20 to 40 years, is going to be a worthless commodity," said Gartman. "It will be supplanted by something else."

Crude oil posted its fifth consecutive weeks of losses, its longest weekly losing streak since August 2015. While Gartman expects the crude crush was far from over, he does expect oil to bounce back to $46 in the short-term.

"I bet over the next 2...


Read full article on News GN Commodities


Read more: Gartman: The oil bear market has turned crude into a 'worthless ... - CNBC

China calls on domestic investors to boost commodity presence - Financial Times

A labourer loads steel wire coils at a steel market in Taiyuan, Shanxi province, China © Reuters

China has called on its powerful wealth management and financial institutions to bolster their investment in domestic commodity markets as the largest buyer of raw materials seeks a greater say over prices.

Beijing wants to make it easier for commercial banks, insurance companies and pension funds with trillions of dollars in assets to invest in raw materials, Fang Xinghai, vice-chairman of the China Securities Regulatory Commission, said in a speech at a conference in Qingdao.

His comments helped boost commodity prices on Monday. Steelmaking ingredient iron ore rose 1.5 per cent to $54.70 a tonne, while copper added $50 to $5,722 a tonne.

Benchmark prices for most commodities are still set by western exchanges such as the London Metal Exchange or index providers such as...


Read full article on News GN Commodities


Read more: China calls on domestic investors to boost commodity presence - Financial Times

Bear market for commodities? Not so fast says Capital Economics - The Australian Financial Review

Capital Economics sees the Bloomberg index rising near 5 per cent from now through the end of the calendar year; the GSCI is forecast to lift 14.6 per cent.

by Timothy Moore

Oil's fall into a bear market has made a lot of headlines, but the overall commodities sector isn't about to face a similar decline, Capital Economics says. In fact, there's reason to be somewhat optimistic for the asset class.

Aluminium, copper, lead, tin and zinc traded in London have seen prices appreciate so far this year versus average prices in 2016 amid an easing of some specific supply and inventory data and steadier industrial output.

That's a very different scenario to early last year, when worries about the global economy's health triggered big losses across the commodities board, in turn affecting sharemarkets.

This time around, it's more a case of oversupply that's dragging on the likes of oil and...


Read full article on News GN Commodities


Read more: Bear market for commodities? Not so fast says Capital Economics - The Australian Financial Review

Commodities rout a result of China's financial constraints - The West Australian

The unfolding rout in commodity markets that knocked the Australian sharemarket to a four-month closing low yesterday is shaping up to be a repeat of 2015 because China has limited financial ability to remain the global buyer of last resort.

Stockpiling in China and speculative demand around the world were mostly behind the commodity rebound last year, not final consumer demand.

Record speculative interest betting on global growth acceleration was registered in commodities, bonds and global stocks but the US Federal Reserve’s three interest rate increases have raised the cost of funding speculative bets with margin debt.

Global growth bellwethers, oil, natural gas and iron ore, have all fallen into technical bear markets with losses in excess of 20 per cent.

Fortescue Metals Group's supersized ships will transport iron ore directly to China.

Defying OPEC production curbs and major...


Read full article on News GN Commodities


Read more: Commodities rout a result of China's financial constraints - The West Australian

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