Download PDF Introduction Following poor harvests in Africa due to bad weather throughout the year, hedge funds have been pouring money into the long trade since last year betting on a continued shortage of supply. Across the two cocoa futures contracts, London and New York, speculators have a total of Read more…
Download PDF Commodity futures have become a widespread vehicle amongst investors and traders as they can be used for strategic and tactical asset allocation. The strategic appeal of commodity indices comes from the equity-like return, their key diversification role, and their inflation-hedging properties. The term structure of commodities usually refers Read more…
Download PDF Introduction Commodity Swaps are a widely used instrument for hedging and speculation in the commodities markets. Like other swaps, they are an OTC instrument where two counterparties agree on exchanging some cashflows based on the trend of an underlying security (most often oil, but also other commodities like Read more…
Download PDF US The week in the US markets was marked by choppy trading, with most indices being down during the week but recuperating their losses during the Friday rally. The S&P ended its longest weekly losing streak of the year by closing at +0.48%, the Nasdaq and the Russell Read more…
Download PDF An Introduction to the Dairy Industry The dairy industry’s global value in 2022 was around $893 billion and is projected to grow $1243 billion by 2028 having witnessed strong growth in the past years with a strong likelihood for that momentum to continue. It is currently facing some Read more…
Download PDF US The week in US markets was marked by losses in all major indices apart from the Nasdaq and Russell 2000, up 0.06% and 0.48% respectively. The S&P closed the week down 0.74%, the Dow Jones was down 1.34%, the Russell 3000 Value and Growth were down 0.89% Read more…
Download PDF US The week in the US market was marked by big losses in regional banks stocks, as First Republic failed. The S&P500 lost 0.8% for the week, the Dow Jones was down 1.24% and the Russell 3000 Value was down 1.71%. While the Nasdaq and Russell 3000 Growth Read more…
Download PDF US The US stock market closed the month of April with the S&P posting monthly gains for the second month in a row, adding 0.87% for the week and 1.5% for the month. All US indexes closed the week in the green, with the only exception of the Read more…
Download PDF Introduction The reopening of China’s economy in 2023 has been welcomed with optimism and anticipation as it offers a potential return to pre-pandemic growth. The Chinese government’s decision to reopen has led to an increase in the prices of many assets related to the country and has spurred Read more…
Download PDF Industry Overview Uranium is a heavy metal that has been used as a concentrated energy source for more than 60 years. It is extracted from uranium-rich minerals, such as uraninite. Uranium ore can be mined either open-pit or underground and is then crushed and treated in a mill Read more…
Download PDF Introduction Industrial metals were in the news in the past few weeks because of the remarkable surge in prices. Copper has received most of the attention, with its spot price topping 10,000$/metric ton on April 29, close to the all-time high of 10,190$/metric ton reached in February 2011. Read more…
Download PDF The oil market has been one of the most interesting to follow since the outbreak of the SARS-CoV-2 pandemic. Due to the severe reduction in travel and factory activity, demand plummeted, dragging down the price of oil. Disagreements between Saudi Arabia and Russia on oil supply caused a Read more…
Download PDF Introduction This article focuses on one of the oldest and most complex trading assets available – Commodities. From its natural explorations to its transformations and massive chains of transportation and storage transactions, Commodities are at the core of economies around the world and a major driver of globalization. Read more…
Even those of us who don’t check commodity prices were probably keen to see the spike in oil prices at markets open on Monday, September 16th. While the drone attacks on the facilities of Saudi Aramco and their consequences are still present in the news, in this article we want Read more…
As the automotive industry evolves towards EV’s (electrical vehicles), an analysis of all the new commodities that will be used in the sector, in particular the battery sector, is required. EV batteries are made of an anode and a cathode. The anode is always made up of graphite, while the Read more…