lumber

Summary:

  • Changes in investor sentiment is driving the price of Platinum down.
  • Random Length Lumber Futures prices fall as supply increases amidst supply chain backlogs clearing.
  • Corn prices increase as supply tightens and planting slows.

Platinum Futures showing bearish signals.

Over the past week Platinum futures have seen a steady decline in price. This decline in price comes with the concerns over China’s COVID lockdowns, and its possibility of causing a decrease in the demand for Platinum. Since the market opened this morning, the price of Platinum futures has increased by 0.14%. Earlier this year the price of metals spiked due to the Russia-Ukraine conflict but as time has gone on, the bullish signals that have come from the war have slowed, causing the price of some commodities to fall as a result of this change in market and investor sentiment.

Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.  - 1

Platinum Jul 22 Futures Price Chart


Read next: Palladium Price To Struggle In Recovery, Silver Prices (XAGUSD) Facing

Uranium Prices Rising Amidst Russia-Ukraine Conflict, Oil Futures Seeing Large Gains, Lumber Price - Commodities in the Current Market

Uranium Prices Rising Amidst Russia-Ukraine Conflict, Oil Futures Seeing Large Gains, Lumber Price - Commodities in the Current Market

Rebecca Duthie Rebecca Duthie 14.04.2022 08:55
Commodities update by FXMAG.COM Value of lumber had increased by 1.25% As a result of the possibility that Uranium exports from Russia may be banned, the price of the commodity has increased by at least 50% As of market close yesterday, Oil futures saw a rise of nearly 4% as a result of the Ukraine and Russia coming to a dead end on negotiations The Price of Lumber and its relationship with mortgage prices and inflation. As of market close yesterday, the value of lumber had increased by 1.25%, showing small signs of recovery after the price fell by 6% on Tuesday. The price of Lumber falling consistently over the past month could be explained by the increase in the inflation rate which has put a dent in the home improvement market, thus weakening the demand for Lumber. Another potential explanation for the price of this essential commodity falling could be due to the supply chain issues the Lumber market was experiencing last year having being solved, easing supply pressures and subsequently lowering prices further. Lumber Price Chart Related article: ECB Interest Rate Decision Is Coming! European Indices (DAX, CAC40) To Plunge Or Rise? What About Forex Pairs? Uranium Prices Rising Amidst Russia-Ukraine Conflict. As a result of the possibility that Uranium exports from Russia may be banned, the price of the commodity has increased by at least 50% and according to Bank of America, they don't suspect the price surge to begin slowing down. As the war in the Ukraine continues, there is more possibility for the rising commodity prices to continue. Uranium Price Chart Related article: Wheat Futures Prices Influenced, By Weather, Naturally! Oil Futures Seeing Large Gains As of market close yesterday, Oil futures saw a rise of nearly 4% as a result of the Ukraine and Russia coming to a dead end on negotiations. As of the market open today, the price has dropped slightly to $102.95. The graph below shows the major gains made by this commodity yesterday. Crude Oil Price Chart Sources: Finance.yahoo.com, markets.businessinsider.com
Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.

Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.

Rebecca Duthie Rebecca Duthie 27.04.2022 08:47
Summary: Changes in investor sentiment is driving the price of Platinum down. Random Length Lumber Futures prices fall as supply increases amidst supply chain backlogs clearing. Corn prices increase as supply tightens and planting slows. Platinum Futures showing bearish signals. Over the past week Platinum futures have seen a steady decline in price. This decline in price comes with the concerns over China’s COVID lockdowns, and its possibility of causing a decrease in the demand for Platinum. Since the market opened this morning, the price of Platinum futures has increased by 0.14%. Earlier this year the price of metals spiked due to the Russia-Ukraine conflict but as time has gone on, the bullish signals that have come from the war have slowed, causing the price of some commodities to fall as a result of this change in market and investor sentiment. Platinum Jul 22 Futures Price Chart Read next: Palladium Price To Struggle In Recovery, Silver Prices (XAGUSD) Facing Downward Pressure  Corn futures are recovering after dipping earlier this week. The price of corn futures have not seen any clear trend over the past week, the price increase on monday comes as a result of prospects of higher demand against lower production as well as the current supply chain issues. In addition, the dryness in Brazil, decreasing planting space in the U.S., the delay in China's planting due to lockdowns and two of the world's major corn exporters (Russia and the Ukraine) are in a war - these are all aspects that drive the price of corn up. However, since the market opened this morning we have seen the price of Corn Futures fall by almost 0.45%. Corn Futures Jul 22 Price Chart Random Length Lumber Futures The price of Random Length Lumber Futures has been showing a steady decline over the past days, this comes as demand decreases and supply increases. Supply chain issues regarding lumber have eased causing a temporary flood to the market, as well as favorable spring weather. In addition, the rising inflation caused a pause on the rising U.S housing market, again driving down the price of Lumber. Random Length Lumber Futures Price Chart Read next: U.S bond Yields vs Gold Futures, Volatility In The Price Of Coffee, Brent Crude Price Falls  Sources: Finance.yahoo.com, tradingeconomics.com, reuters.com

currency calculator