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Summary:

  • Recession and new covid-19 cases in China driving platinum prices lower.
  • Chicago wheat futures prices rose in the wake of an increase in buying.

Read next: WTI Crude Prices Recover On Wednesday, Supply Prospects Of Coffee Are Improving, Palladium Prices 

Platinum Prices at 20 month lows

Platinum prices had fallen to their lowest price in almost 20 months in the wake of lower demand expectations outweighed lower supply fears. The contraction in the US economy was more than expected amidst the Federal Reserve's aggressive monetary policy which is aimed at curbing surging inflation has raised the concerns around an economic downturn. In addition, fresh new covi-19 cases in China’s eastern provinces weighed further on the outlook for demand and growth.

Platinum Prices Drop In The Wake Of Slower Demand Prospects, RBOB Gasoline Prices, Wheat Prices Below Pre-Russian Invasion Levels - 1 Platinum Oct ‘22 Futures Price Chart

Wheat prices lower than pre-Russian invasion levels

Chicago wheat futures prices rose in the wake of an increase in buying from bargain buyers in the wake of the prices plummet

Russia Look Set To Double Its Exports For The First Half Of 2023

Wheat Futures Prices Influenced, By Weather, Naturally!

Rebecca Duthie Rebecca Duthie 12.04.2022 10:22
Silver Safe-haven inlight of inflation uncertainty The price of silver is dependent on consumer supply and demand balances. Due to the inverse relationship Silver has to the US Dollar, the commodity is popular to use as a hedge against inflation. Silver also has high liquidity making it a popular commodity to trade especially inlight of the current market situations, the conflict between the Ukraine and Russia and the China shutdown concerns. The market sentiment of the commodity is currently being presented as bearish with prices reaching a high of $25.282 since the market opened this morning. Price of Silver Chart NGAS: The prices of natural gas are constantly changing due to the prices being heavily dependent on external factors such as supply and demand, weather and the viability of alternative resources. It is a volatile, liquid and reasonably spread asset, all of these characteristics make Natural Gas (NGAS) a popular commodity to trade. Since the market opened today NGAS prices reached a high of $6.885. The demand is still high for NGAS, however the supply is low, driving the price of NGAS up to a 13 year high. Price of Natural Gas Chart The Weather affecting the price of Chicago SRW Wheat futures: The US is experiencing some adverse weather conditions currently, these weather conditions are driving the prices of futures up, yesterday wheat closed on the highest price since late March due worries around supply. The price of these wheat futures have been fluctuating over the last 8 hours, however the future price now is sitting high at $1110.00. Price of Wheat futures Chart Charts: Finance.Yahoo.com
Elon Musk Sells 8 Millions Tesla Stocks? Here Is Why!

Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain

Rebecca Duthie Rebecca Duthie 20.04.2022 11:23
Summary: The price of gold fell to the lowest price in almost 2 weeks. Volatility in U.S Wheat futures due to the Weather. Palladium Prices driven down by the rising dollar index. Gold Prices Hit Lows - elevated U.S treasury yield affecting the demand of the commodity The price of gold hit its lowest value in almost 2 weeks as a result of the elevated U.S treasury yield affecting the demand of the commodity. The increase in the yields also increases the opportunity cost for investors who hold gold because the commodity is not yielding. Investor expectations of the Fed's hawkish outlook could be the reason for the price fall, especially inlight of the expected Fed Speech this week. Price Chart of Gold Read next: Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same! | FXMAG.COM Chicago SRW Wheat Futures - terrible weather conditions in the US and Canada are causing supply fears The price of Wheat has been volatile over the past week, the terrible weather conditions in the US and Canada are causing supply fears, however market sentiment for this commodity has struggled to shake its bearish tone. Chicago SRW Wheat Futures Price Chart Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun Palladium Price - the war continues, the industrial activity is taking strain The price of Palladium saw an increase in price as an initial market reaction to the start of the Russia-Ukraine war, and as the war continues, the industrial activity is taking strain. However, on Tuesday, the price of palladium fell as a result of the rising dollar index. Palladium Futures Price Chart Sources: Finance.yahoo.com, economies.com
Russia Look Set To Double Its Exports For The First Half Of 2023

Concerns Around Increasing Demand and Tightening Supply For Platinum, RBOB Gasoline, West Is Unlikely To Ease Sanctions On Russia Causing Wheat Supply Concerns Persist

Rebecca Duthie Rebecca Duthie 09.06.2022 11:39
Summary: Sanctions on Russia and protests in South Africa are causing problems for platinum exports. As shortage concerns continue, the price of wheat futures continue to rise. Read next: Coffee Supplies Remain Tight, Supply and Demand Concerns Are Easing For Palladium , WTI Crude Oil Nearing March High  Platinum faces a future of tight supplies Platinum futures rose above $1000 per tonne during the trading week, the highest price in over 2 months. The price rise comes in the wake of concerns around tight supplies and the demand recovery for the biggest platinum consumer, China. China’s platinum consumption is due to increase as the government lifts most of the Covid-19 health restrictions in Shanghai and announced support measures to help boost the economy. In addition, supply chain issues are persisting as the war in Eastern Europe continues and more sanctions are being placed on Russia, the top exporter of platinum. South Africa’s production of platinum is also set to fall amidst risks of extended strikes, as workers continue to protest for wage-negotiations. Platinum Jul ‘22 Futures Price Chart West unlikely to ease sanctions on Russia, wheat supply concerns persist As shortage concerns continue, the price of wheat futures continue to rise. The expectations of higher trading activity from Ukraine remained low as the west is unlikely to relax the sanctions on Russia, meaning Putin is unlikely to open Ukrainian ports and allow trade. Investors are remaining alert to any possible changes in India's export ban that was passed in May, following news that India’s government may allow exporters to ship some of the wheat that is currently stuck in cargos. Wheat Sep ‘22 Futures Price Chart RBOB Gasoline Prices of RBOB gasoline continue to rise as the concerns around energy supplies persist, globally. The continuing sanctions on Russia, is causing supply insecurity as the US enters into its summer driving season, driving demand up. RBOB Jul ‘22 Futures Price Chart Read next: (XAUUSD) Gold Should Be Bullish, NGAS Reaches Highest Price Since August 2008, Cotton Crop Planting Is Ahead Of Schedule  Sources: finance.yahoo.com, tradingeconomics.com
Australia Is Expected To Produce A Bumper Year Of Crops

Platinum Prices Drop In The Wake Of Slower Demand Prospects, RBOB Gasoline Prices, Wheat Prices Below Pre-Russian Invasion Levels

Rebecca Duthie Rebecca Duthie 07.07.2022 11:36
Summary: Recession and new covid-19 cases in China driving platinum prices lower. Chicago wheat futures prices rose in the wake of an increase in buying. Read next: WTI Crude Prices Recover On Wednesday, Supply Prospects Of Coffee Are Improving, Palladium Prices  Platinum Prices at 20 month lows Platinum prices had fallen to their lowest price in almost 20 months in the wake of lower demand expectations outweighed lower supply fears. The contraction in the US economy was more than expected amidst the Federal Reserve's aggressive monetary policy which is aimed at curbing surging inflation has raised the concerns around an economic downturn. In addition, fresh new covi-19 cases in China’s eastern provinces weighed further on the outlook for demand and growth. Platinum Oct ‘22 Futures Price Chart Wheat prices lower than pre-Russian invasion levels Chicago wheat futures prices rose in the wake of an increase in buying from bargain buyers in the wake of the prices plummeting in the second half of June. Meanwhile, investors expectations around a large sum of Ukrainian Wheat entering the market any time soon are growing pessimistic. Wheat prices are still below pre-Russian invasion levels, as strong crops world wide added to the price pressures for agricultural commodities amidst recession fears. Wheat Sep ‘22 Futures Price Chart RBOB Gasoline Prices tanked this week Gasoline prices fell earlier this week in the wake of an increase in supply into the US underground reserves, this drove gas prices lower and oil giants’ profits higher as well. RBOB Gasoline Aug ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com

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