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>Goldman Thinks Commodities Will Outperform in 2025 Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs - putting out a price target of $3.000 USD till end of 2025.</li><li>The bank sees a sideways market in crude as its base case.</li><li>The bank sees a sideways market in crude as its base case. “In our baseline forecast, we continue to see oil prices as range-bound, with Brent likely to stay in a $70-$85/bbl range. I</li></ul>

Goldman Thinks Commodities Will Outperform in 2025 Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs - putting out a price target of $3.000 USD till end of 2025.The bank sees a sideways market in crude as its base case.The bank sees a sideways market in crude as its base case. “In our baseline forecast, we continue to see oil prices as range-bound, with Brent likely to stay in a $70-$85/bbl range. I

Goldman Thinks Commodities Will Outperform in 2025 // Bonds Into Year-End?

<ul><li>Cold Front in the US dominates Natgas Prices During next week another cold front will arrive in the upper part of the US.</li><li>The temperature anomaly is quite negative - accordingly, natgas prices are currently on the rise.</li><li>As seasonally remain bearish and these temperature anomalies occur often during the winter months, we’ll keep our eye on short opportunities in the market.</li></ul>

Cold Front in the US dominates Natgas Prices During next week another cold front will arrive in the upper part of the US.The temperature anomaly is quite negative - accordingly, natgas prices are currently on the rise.As seasonally remain bearish and these temperature anomalies occur often during the winter months, we’ll keep our eye on short opportunities in the market.

Cold Front in the US Dominates Natgas Prices // Chinese Soybean Data and the Fade of Its Economy

<ul><li>Latest CTA-Flow Forecast CTA positioning and UBS' flow model indicate slightly bullish momentum for some agriculture commodities as well as energy and on the flip side bearish momentum for precious metals and industrial metals.</li><li>Particularly we would like to highlight the expected bullish flows in cotton and bearish flows in the flesh markets, which align with some of our market setups.</li><li>“In currencies, the US dollar gained renewed momentum from Trump’s win, with the 1.7% rise in the DXY index on 6 November the largest one-day advance in two years.</li></ul>

Latest CTA-Flow Forecast CTA positioning and UBS' flow model indicate slightly bullish momentum for some agriculture commodities as well as energy and on the flip side bearish momentum for precious metals and industrial metals.Particularly we would like to highlight the expected bullish flows in cotton and bearish flows in the flesh markets, which align with some of our market setups.“In currencies, the US dollar gained renewed momentum from Trump’s win, with the 1.7% rise in the DXY index on 6 November the largest one-day advance in two years.

Hershey’s Warns About Cocoa Inflation // Latest CTA-Flow Forecast

<ul><li>Trump Wins - Do Farmers Lose? Trump won another presidency.</li><li>In a landslide win, the Republicans secured even both houses - the White House and the Senate.</li><li>I won’t go in details about what that result means for my beloved Americans and whether it’s good or bad.</li></ul>

Trump Wins - Do Farmers Lose? Trump won another presidency.In a landslide win, the Republicans secured even both houses - the White House and the Senate.I won’t go in details about what that result means for my beloved Americans and whether it’s good or bad.

<ul><li>Gold Demand Data Indicates More Economic Weakness Gold demand for technology purposes is still up but the pace continues to decline for the second quarter in a row now, as the latest data by the World Gold Council for Q3 showed.</li><li>The total gold demand (inclusive of OTC investment) gained meanwhile 5% y/y to 1,313 tonnes.</li><li>Global gold ETF inflows (95t) were a major driver of growth as Q3 was the first positive quarter for ETF flows since Q1’22.</li></ul>

Gold Demand Data Indicates More Economic Weakness Gold demand for technology purposes is still up but the pace continues to decline for the second quarter in a row now, as the latest data by the World Gold Council for Q3 showed.The total gold demand (inclusive of OTC investment) gained meanwhile 5% y/y to 1,313 tonnes.Global gold ETF inflows (95t) were a major driver of growth as Q3 was the first positive quarter for ETF flows since Q1’22.

Gold Demand Data Indicates More Economic Weakness

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)

Goldman Thinks Commodities Will Outperform in 2025 // Bonds Into Year-End?

Goldman Thinks Commodities Will Outperform in 2025 Gold will rally to a record next year on central-bank buying and US interest rate cuts,...

The Commodity Report

Cold Front in the US Dominates Natgas Prices // Chinese Soybean Data and the Fade of Its Economy

As seasonally remain bearish and these temperature anomalies occur often during the winter months, we’ll keep our eye on short opportunities in the...

The Commodity Report

Hershey’s Warns About Cocoa Inflation // Latest CTA-Flow Forecast

Particularly we would like to highlight the expected bullish flows in cotton and bearish flows in the flesh markets, which align with some of our...

The Commodity Report

Trump Wins - Do Farmers Lose?

Trump Wins - Do Farmers Lose? Trump won another presidency. In a landslide win, the Republicans secured even both houses - the White House and the...

The Commodity Report

Gold Demand Data Indicates More Economic Weakness

Gold Demand Data Indicates More Economic Weakness Gold demand for technology purposes is still up but the pace continues to decline for the second...

The Commodity Report

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Market Cap (USDm)

P/E

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