Commodities - General News 04 (May 18 - Dec 25)

[behappyalways]

World Food Prices Accelerate In January, Set For Record High
https://www.zerohedge.com/commodities/w ... ecord-high

[behappyalways]

Worst of food price inflation yet to come, Tesco chairman says
https://www.theedgesingapore.com/news/g ... irman-says

[winston]

Goldman Commodity Veteran Says He’s Never Seen a Market Like It

by Alex Longley and Francine Lacqua

We’re out of everything, I don’t care if it’s oil, gas, coal, copper, aluminum, you name it we’re out of it.”

Futures curves in several markets are trading in super-backwardation -- a structure that indicates traders are paying bumper premiums for immediate supply.

Source: Bloomberg

https://finance.yahoo.com/news/goldman- ... 23659.html

[winston]

Global commodity prices soar 50%, fastest pace in 27 years

by MISA HAMA and KAZUYA HIRUTA

Resource-rich Indonesia has imposed export curbs, first on coal and then on palm oil, used in a wide variety of food and consumer products.

Source: Nikkei Asia

https://asia.nikkei.com/Business/Market ... n-27-years

[behappyalways]

Soaring Cooking Oil Prices Could Push Global Food Prices To Record
https://www.zerohedge.com/commodities/s ... ion-record

[behappyalways]

5 Commodities That Could Explode As The Ukraine Crisis Escalates

Russia accounts for ~6% of global aluminum supply, and any sanctions against Moscow could result in a supply shock in an already-tight market.

Oil and natural gas supplies are also likely to be strained if the situation worsens in Ukraine.

Russia produced 920,000 tonnes of refined copper in 2021, about 3.5% of the world total.

Russia produced 7,600 tonnes of cobalt last year, more than 4% of the world total.

Source: Zero Hedge

https://www.zerohedge.com/commodities/5 ... -escalates

[behappyalways]

Record-High Global Food Prices Imminent As Edible Oil Soars
https://www.zerohedge.com/commodities/r ... -oil-soars

[winston]

A Major Commodities Bull Market Has Been Unleashed

by Jody Chudley

The driver of many commodities in the years ahead will be the pivot to renewable energy.

The build-out of renewables is creating a new source of demand for copper, lithium, nickel and other metals.

Source: Wealthy Retirement

https://dailytradealert.com/2022/02/25/ ... unleashed/

[behappyalways]

Russia To Ban Fertilizer Exports To 'Not Friendly' Countries; China Warns US Against Retaliation
https://www.zerohedge.com/geopolitical/ ... de-eurasia

[behappyalways]

Record food prices could leap 22% more on Ukraine war, UN warns
https://www.theedgesingapore.com/news/c ... r-un-warns