Commodities Week in Review: November 9 to November 13 Agriculture  Most of the agricultural commodities enjoyed a strong week of gains as they joined the broader market rally. Although the rally was capped by a strengthening US dollar, it did signal that agriculture could become the next big asset class heading into 2021. But that surge might depend on the greenback since the currency plays an integral role in the boom or bust of dollar-denominated crops. Cocoa  Friday Settlement: +$23.00, or 0.97%, to $2,388 per metric ton Weekly Performance: +2.01% YTD Performance: -5.91% Coffee  Friday Settlement: -$0.005, or 0.04%, to $1.1215 per pound Weekly Performance: +4.57% YTD Performance: -13.16% Corn  Friday Settlement: +$0.01, or 0.24%, to $4.0925 per pound Weekly Performance: +0.8% YTD Performance: +5.68% … [Read More...]

Commodities Week in Review: November 2 to November 6  Agriculture  It was a mostly positive trading week for the agricultural sector, despite some volatility heading into the 2020 US presidential election. The broader financial markets enjoyed a tremendous rally in the aftermath of the White House race, sending the US dollar collapsing, which was bullish for agricultural commodities. A weaker greenback is good for dollar-denominated commodities because it makes it cheaper for foreign investors to purchase. Cocoa  Friday Settlement: +$3.00, or 0.13%, to $2,341 per ton Weekly Performance: +1.83% YTD Performance: -7.76% Coffee  Friday Settlement: +$0.003, or 0.28%, to $1.0725 per pound Weekly Performance: +2.88% YTD Performance: -16.96% Corn  Friday Settlement: -$0.0325, or 0.79%, to $4.06 per pound Weekly Performance: +2.14% YTD Performance: +4.84% Cotton … [Read More...]