Macro environment’s impact on commodity prices

Commodity analysts spend a lot of time poring over and discussing fundamental drivers of market shifts, but external factors, like macroeconomic shifts, can magnify or dampen the influence of core supply and demand fundamentals on commodity prices. U.S. and global economic dynamics have been [...]

Getting silly: Cocoa futures near 20-month highs in May

For NY ICE cocoa futures, total noncommercial positions hit a one-year high at the start of May and in the last week. Market watchers know that significant fundamental price drivers—such as selling by origin countries or pre-holiday buying by manufacturers—are scarce at this time [...]

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