Commodities

Pressure to export crude oil

A new report suggests that U.S. crude prices could tumble $30 below international prices, unless the nation begins exporting some of the product it’s producing.

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Oilfield workers at a drilling platform near the Iraqi city of Badra, south of Baghdad.

Geopolitical tensions between Russia and the West and troubles in Middle East have dominated headlines all summer, but investors so far have managed to shrug off fears, with the market reaction remaining fairly contained. The Organisation of Petroleum Exporting Countries (OPEC) basket of 12 crude oils slid to $94.31 on Tuesday, the lowest level since …

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Predictions of a second year of record grain harvests in the U.S. should seem like a cause for celebration. But for grain farmers and grain elevator operators in states like Minnesota and the Dakotas, it’s a near disastrous crisis that could continue to cost them tens of millions of dollars. The reason: A lack of …

Commodity prices fall

From the oil patch to the metals pit, why are commodity prices sinking?

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With uncertainties surrounding the independence referendum, anxious investors in Scotland have been busy adding to their holdings of gold. Online dealer BullionByPost, which claims to be the biggest online gold dealer in the U.K., said that it saw a 37 percent jump in sales to customers from Scotland between Sept. 9 and Sept. 16, a bigger …

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The hottest trade of the past two months has been a surprising one: Going long the U.S. dollar against other currencies. And the recent dollar strength appears to have had a profoundly negative impact on commodity prices. Since the end of June, the U.S. Dollar Index (which compares the dollar to a basket of other currencies) has …

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They call farming a cyclical business, but few cycles have had the ups and downs of corn prices over the last few years. Two years ago, corn and soybean farmer Carol Miller surveyed her 118 dry acres in Ankeny, Iowa, during the worst Midwest drought in a half century. “We probably are going to lose …

Commodities spike on Ukraine conflict

Stocks weren’t the only investments affected by escalating conflict in Ukraine. The price of oil, wheat and other commodities spiked higher today.

Caffeinated coffee prices

Even though coffee prices have come down a little this week, coffee futures are still one of the year’s top commodity gainers.

Reuters
Damaged vehicles belonging to Iraqi security forces are seen during clashes between Iraqi security forces and al Qaeda-linked Islamic State in Iraq and the Levant (ISIL) in the northern Iraq city of Mosul, June 10, 2014.

Sectarian violence in Iraq sent oil surging on Thursday, propelling both Brent and West Texas Intermediate up about two percent intraday amid growing concerns about a threat to global supply. After a delayed reaction to turmoil raging in the country, oil prices soared as open warfare between rebel forces—threatening a reconquest of the country barely …

Iraq conflict impact

The trouble in Iraq impacts a lot of U.S. energy companies that do business there. Morgan Brennan takes a look at which firms have operations in Iraq and what’s at stake.

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Veteran trader Art Cashin said Thursday’s rebound in the 10-year yield could indicate a stronger economy. Read MoreJeremy Siegel: Here’s what will send yields higher “It would appear that the reversal in the bond market was above internal technicals. It had gotten a little overbought at the point,” Cashin, director floor operations at the NYSE …

Why copper matters

The recent slide in copper prices is an economic indicator that investors should pay close attention to.

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Cascading copper prices have multiple root causes that lead to one conclusion: The anticipated global economic recovery may not be all it’s cracked up to be. Consequently, analysts are in virtual unison that the extended-term trajectory is lower for the metal often used as a growth barometer. Copper futures are off more than 12 percent …

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Investors’ bullishness on gold at the start of this year looks set to continue, with bets on rising prices for the precious metal rising to the highest level in over 14 months. According to U.S. Commodity Futures Trading Commission data, gold futures’ net-long positions – where investors bet on the price of an asset rising …