coffee beans

Summary: With China likely to ease lockdowns and the Russian oil embargo, WTI Crude prices are rising. Coffee futures prices are rising again amidst concerns around supply. Concerns around supply heighten for Palladium.   WTI Crude Oil recovering WTI Crude Oil futures have been recovering this week after the poor market performance last week. Going forward, it is likely that the market will see oil prices go up, therefore raising gas prices as well. Despite the lockdowns in China suppressing oil demand, the possibility of the lockdowns being lifted the market will see the demand rise. The Russian oil embargo is likely to get tighter, which is heightening investors' concerns around the supply of oil, which is also pushing up the price. U.S President Joe Biden's attempt at reducing prices through releasing some of the U.S Crude Reserves into the market has not made a very noticeable impact so far, the release is expected to last until November. WTI Crude Oil Futures Price Chart Read next: (XAUUD) Gold Regains Investor Interest As The Dollar Weakens, NGAS Prices Going Up, Cotton Price Rising Along With Concerns Around Supply   Coffee futures recovering amidst supply concerns Coffee futures prices are recovering in the wake of the poor market performance of last week. The prices are rising again over concerns around weather conditions in South America as the coffee farmers in Brazil are expecting frost in the coming days. The adverse weather conditions could affect the coffee crop and lead to a poor harvest in the future. There are also expectations on smaller supplies from Columbia. With concerns around coffee supplies across the board, the price of futures is rising. Coffee Jul ‘22 Futures Price Chart Concerns around Palladium supply are pushing up the futures prices Palladium futures rose above $2000, it is possible that the market could continue to see this growth as the reduced supply from Russia continues and a deficit supply from South African suppliers heighten concerns. South African producers are facing operational challenges, causing their output to decrease. Palladium Jun ‘22 Futures Price Chart Read next: Commodities Prices Recovering After Poor Performance Early Last Week - Brent Crude Oil Prices, Silver Prices Fall As Investors Shy Away From Precious Metals & Corn  Sources: tradingeconomics.com, finance.yahoo.com  

Summary: US inflation data should offer the market guidance on the Federal Reserve's interest rate hike timeline. Natural gas futures prices dropped on Thursday as investors reacted positively to information from the EIA. Coffee futures prices remain supported by limited supplies and general real strength. Read next: Concerns Around Increasing Demand and Tightening Supply For Platinum, RBOB Gasoline, West Is Unlikely To Ease Sanctions On Russia Causing Wheat Supply Concerns Persist  (XAUUSD) Gold prices falling as US Dollar strengthens Gold futures prices eased on Friday in the wake of a strengthening US Dollar and rising Treasury yields weighed on the safe-havens appeal in the run-up to the release of US inflation data that should offer the market guidance on the Federal Reserve's interest rate hike timeline. The Fed is set to implement two more 50 basis point interest rate hikes at both its June and July meetings, following a move similar to the one in May, which has recently put pressure on gold. Meanwhile, global economic outlook risks that have arisen from the war in the Ukraine, persisting supply chain disruptions, high commodity prices and rising borrowing costs are all factors that are offering gold prices support. XAUUSD Aug ‘22 Futures Price Chart NGAS futures supported by rising demand and tight supplies Natural gas futures prices dropped on Thursday as investors reacted positively to information from the EIA showing that the natural gas storage is built primarily in line with expectations. NGAS prices faced heavy pressure earlier in the trading week after an explosion at the Freeport oil and gas export terminal in Texas, which is set to leave fuel supplies stranded in the domestic market despite the soaring international demand. Still, NGAS prices remained high this week amidst record demand for power in Texas, a fall in output and an intense rally for NGAS as Russia’s war on Ukraine sends energy markets scrambling. NGAS Jul ‘22 Futures Price Chart Coffee is supported by general real strength Coffee futures prices remain supported by limited supplies and general real strength. Coffee dealers indicated that the market remains well supported by a limited flow from both Central America and Brazil, with Brazil, who is the top harvester and grower, lagging their historical average. Coffee Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingecnomics.com  

Summary: WTI crude oil prices rose in the wake of fears that a recession could hurt demand were balanced by continuous concerns around supply. Arabica coffee prices were down from a three-week high on Wednesday. Palladium supply concerns weighed against demand concerns. Read next: Exxon (XOM) Price Falls In the Wake Of Declining Energy Prices  WTI Oil prices have been falling since mid-June WTI crude oil futures prices rose above during Wednesday's trading day after falling more than 8% and closing below the key level on Tuesday in the wake of fears that a recession could hurt demand were balanced by continuous concerns around supply. Wednesday Crude price was also attributed to (by some analysts) bargain hunting and short-coverings. Tight supply concerns were highlighted by OPEC’s Secretary general who announced on Tuesday that the oil industry was “under siege” in the wake of years of underinvestment, he also added that the shortages could be eased if Venezuelian and Iranian crude oil supplies were allowed. At the same time, crude prices have been falling since mid-June in the wake of recessionary concerns causing poor demand prospects. WTI Crude Oil Aug Futures Price Chart Coffee prices down as supply prospects improve Arabica coffee prices were down from a three-week high on Wednesday in the wake of both positive global outlook of improved production and a bearish macroeconomic environment. Although supplies are expected to improve, prospects of tight supply remain as concerns around dry weather conditions in Brazil continue. Coffee Sep ‘22 Futures Price Chart Traders weighing supply vs demand on Palladium Traders are currently trying to balance fears of tight supply with weak demand prospects, setting the Palladium metals price above its 1-month low hit on 4th July. Continuous aggressive monetary policy tightening from the Federal Reserve has strengthened prospects of a recession and has dampened demand. In addition, new Covid-19 cases in the world's largest Palladium consumer sparked fears for the imposition of tighter lockdown measures. On the supply side, disruptions of imports from Russia continue as the war in the Ukraine continues and trade restrictions continue to be imposed from the west onto Russia. Palladium Sep ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com