Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>I actually only have a few words for the current situation.</li><li>Oil is NOT rallying on market tightness - it’s rallying on macro risk.</li><li>This risk premium will disapear eventually - we don’t like to be long a commodity based solely on a in our opinion short term macro risk.</li></ul>

I actually only have a few words for the current situation.Oil is NOT rallying on market tightness - it’s rallying on macro risk.This risk premium will disapear eventually - we don’t like to be long a commodity based solely on a in our opinion short term macro risk.

Oil is NOT rallying on market tightness - it’s rallying on macro risk

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>A review of recent events/data impacting our investment themes and outlook</li>
<li>Global Bond Yields move lower, while hard assets and cyclicals continue to outperform</li>
<li>Sanae Takaichi adds doves to the BoJ Board, aligning monetary policy with her goals</li>
</ul>


A review of recent events/data impacting our investment themes and outlook
Global Bond Yields move lower, while hard assets and cyclicals continue to outperform
Sanae Takaichi adds doves to the BoJ Board, aligning monetary policy with her goals


Overview #51 — Rates Roll Over, Cyclicals Take Control

<ul><li>Too much rain in Brazil and worries about the drought conditions in the US corn belt are driving soybean prices higher.</li><li>The north of Mato Grosso received 150-200mm during a few days of last week and more heavy rains are forecasted until the beginning of next week.</li><li>Many farmers already report demaged beans and as a result corn planting is also lagging.</li></ul>

Too much rain in Brazil and worries about the drought conditions in the US corn belt are driving soybean prices higher.The north of Mato Grosso received 150-200mm during a few days of last week and more heavy rains are forecasted until the beginning of next week.Many farmers already report demaged beans and as a result corn planting is also lagging.

Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

<ul><li>Precious metals experiencing volatility, with gold up 18% in January and silver up over 40% this year</li><li>Correction in gold market seen as healthy and not overdue, with medium term target of $6,000 per ounce</li><li>Copper market experiencing intense volatility, with record levels hit and China's involvement impacting market dynamics</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Precious metals experiencing volatility, with gold up 18% in January and silver up over 40% this yearCorrection in gold market seen as healthy and not overdue, with medium term target of $6,000 per ounceCopper market experiencing intense volatility, with record levels hit and China's involvement impacting market dynamicsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global Commodities:  A week of commodity whiplash

<ul><li>Valuations were fair on last Friday, with the exception of the media-reported rate check by New York Fed for the Japanese yen which triggered a rise in the dollar and metals trade.</li><li>Despite potential consolidation and pullbacks ahead of payrolls, the macro backdrop favors pro-cyclical currencies and a weaker dollar.</li><li>Gold is believed to have a structural bullish trend, while silver may experience a sharp correction due to speculative overextension, and copper's rally is driven by Chinese flows and supply constraints.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Valuations were fair on last Friday, with the exception of the media-reported rate check by New York Fed for the Japanese yen which triggered a rise in the dollar and metals trade.Despite potential consolidation and pullbacks ahead of payrolls, the macro backdrop favors pro-cyclical currencies and a weaker dollar.Gold is believed to have a structural bullish trend, while silver may experience a sharp correction due to speculative overextension, and copper's rally is driven by Chinese flows and supply constraints.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX and Commodities: The dollar, metals, APAC and vols

United States

Copper is a chemical element with symbol Cu (from Latin: cuprum) and atomic number 29. It is a soft, malleable and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a reddish-orange color. It is used as a conductor of heat and electricity, as a building material and as a constituent of various metal alloys, such as Sterling silver used in jewelry, cupronickel used to make marine hardware and coins and constantan used in strain gauges and thermocouples for temperature measurement.

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Copper (COPPER COMDTY)

Oil is NOT rallying on market tightness - it’s rallying on macro risk

This risk premium will disapear eventually - we don’t like to be long a commodity based solely on a in our opinion short term macro risk.

The Commodity Report

Overview #51 — Rates Roll Over, Cyclicals Take Control

A review of recent events/data impacting our investment themes and outlook. We look at the move down in bond yields and impact on our favourite...

Rikki Malik

7% Within a Week - Soybean Price Rally

The north of Mato Grosso received 150-200mm during a few days of last week and more heavy rains are forecasted until the beginning of next week.

The Commodity Report

Global Commodities: A week of commodity whiplash

Precious metals like gold and silver are experiencing volatility, with gold undergoing a healthy correction and a structural bullish story, while...

At Any Rate

Global FX and Commodities: The dollar, metals, APAC and vols

Overall, valuations were mostly fair in the market last week, with some exceptions such as the rate check on the Japanese yen leading to a surge in...

At Any Rate

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)