Surging greenback could help press pause on dollar-denominated commodities

Interest rates were increased by 50 basis points in an early-May Fed meeting, and there was strong insinuation the move would be followed by another hike of 50 points at the June meeting and perhaps several more later this year. Higher yield is attracting [...]

Runaway prices at pump result in broken campaign promises

Over a year into Biden’s first term in office, prices for crude oil have more than doubled, moving from $50 per barrel (bbl) to over $100 per bbl, and gasoline prices have followed that same trajectory. With consumers now paying more than $4 per [...]

Fresh record high for FAO Food Price Index in March

FAO reported its Food Price Index (FPI) at a new record in March 2022, about 17 percent above its previous high in early 2011 and up nearly 37 percent YOY (unadjusted for inflation). Adjusted for inflation, the FPI was still a record high in [...]

Mexico sugar output surpasses year-ago volume

After rising in the previous three weeks, Mexico estandar reference pricing traded marginally lower in the last week of March. Refined, which has been appreciating more slowly in March, made slight gains last week. Source: SNIIM, McKeany-Flavell Harvest area and cane crush are still [...]

Energy markets in the crosshairs of the Ukrainian crisis

The effects of the Russian invasion of Ukraine that began two weeks ago are spilling over into global markets, creating massive volatility for corporations to navigate. Crude oil prices traded up to $130 per barrel this past week to a 15-year high as the [...]

Food Price Index reached fresh high in February

FAO’s Food Price Index (FPI) rose again in February, growing 3.9 percent from January to reach a new record high (unadjusted for inflation). February’s FPI was up 20.7 percent YOY, largely on-trend since the FPI has now risen in 17 of the last 20 [...]

Nearby #11 world sugar trading sideways in recent weeks

In the last three weeks, nearby Mar-22 #11 world raw sugar has kept broadly above retracement support around 18.00 and 17.80 and resistance near 18.45 and 18.85. The lower Bollinger Band may offer support below 17.75, while further resistance may be seen around 19.00, [...]

Real Food Price Index down half a percent at start of 2022

Adjusted for inflation, FAO’s Food Price Index (FPI) fell half a percent in January but was still up 6.1 percent YOY. In nominal terms (unadjusted for inflation), prices rose 1.1 percent in January, up 19.5 percent YOY. The decline in the real FPI came [...]

Go to Top