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>Wheat futures soared as much as 9%, the biggest jump since 2012, as Russia threatened ships sailing to Ukrainian ports, escalating a conflict over exports from the key Black Sea region.</li><li>Russia’s defense ministry said that all ships headed to the ports from Thursday will be considered as potentially carrying military cargo.</li><li>It also said flag countries of vessels sailing to Ukraine will be considered as on Kyiv’s side in the conflict.</li></ul>

Wheat futures soared as much as 9%, the biggest jump since 2012, as Russia threatened ships sailing to Ukrainian ports, escalating a conflict over exports from the key Black Sea region.Russia’s defense ministry said that all ships headed to the ports from Thursday will be considered as potentially carrying military cargo.It also said flag countries of vessels sailing to Ukraine will be considered as on Kyiv’s side in the conflict.

Wheat explodes after Russia threatens to attack grain shipments // Dollar-Commodities Divergence

<ul><li>Global crop production growth will mainly be driven by continued progress in plant breeding and a transition to more intensive production systems.</li><li>Yield improvements are projected to account for 79% of global crop production growth, cropland expansion for 15%, and higher cropping intensity for 6% over the outlook period.</li><li>Global growth of sugar consumption will be driven entirely by Africa and Asia, with demand projected to surge in areas where the level of per capita intake is currently low.</li></ul>

Global crop production growth will mainly be driven by continued progress in plant breeding and a transition to more intensive production systems.Yield improvements are projected to account for 79% of global crop production growth, cropland expansion for 15%, and higher cropping intensity for 6% over the outlook period.Global growth of sugar consumption will be driven entirely by Africa and Asia, with demand projected to surge in areas where the level of per capita intake is currently low.

How Much Do Commodity Prices Rise when Fertilizer Prices Rise?

<ul><li>Why isn’t Gold starting to sell off? In last week’s report, we already highlighted that the golden metal stays unattractive - as the Fed will likely do more rate hikes.</li><li>The, in some parts, stronger-than-expected job market data we received last week confirmed that view once again.</li><li>We find it interesting that gold hasn’t shown more weakness yet - even as rates continue to rise again.</li></ul>

Why isn’t Gold starting to sell off? In last week’s report, we already highlighted that the golden metal stays unattractive - as the Fed will likely do more rate hikes.The, in some parts, stronger-than-expected job market data we received last week confirmed that view once again.We find it interesting that gold hasn’t shown more weakness yet - even as rates continue to rise again.

Why isn’t Gold starting to sell off? // The Big Sugar Rush

External broker reports(aggregated public sources), Unicredit

Unicredit Research

External broker reports(aggregated public sources)

Unicredit

With nearly 30 analysts, UniCredit Research provides high-quality macroeconomic and financial market analysis to support clients in the development of investment plans, strategic and tactical asset allocation of financial investments, security selection and risk management. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Macroeconomics

<ul>
<li>Global: We are revising our global GDP growth forecasts up to 2.8% for this year and down to 2.7% for next year.</li>
<li>Business surveys suggest the solid start to the year is losing traction as the transmission of tighter monetary policy to the real economy accelerates and post-pandemic consumption shifts weigh on manufacturing.</li>
<li>Headline inflation is set to decline rapidly in advanced economies, driven by base effects, lower commodities prices, and easing cost pressures for goods, while services inflation will descend more gradually, keeping central banks on high alert.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


Global: We are revising our global GDP growth forecasts up to 2.8% for this year and down to 2.7% for next year.
Business surveys suggest the solid start to the year is losing traction as the transmission of tighter monetary policy to the real economy accelerates and post-pandemic consumption shifts weigh on manufacturing.
Headline inflation is set to decline rapidly in advanced economies, driven by base effects, lower commodities prices, and easing cost pressures for goods, while services inflation will descend more gradually, keeping central banks on high alert.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Soybeans spike due to weather worries The worst U.S. Midwest drought since 2012 expanded over the past week despite mild temperatures as a lack of rain across the heart of the American farm belt threatened newly seeded crops.</li><li>Below-average rainfall and high winds also exacerbated drought conditions in many regions.</li><li>In the early growing stage of the crops, drought can be compensated by more rain in the later stages.</li></ul>

Soybeans spike due to weather worries The worst U.S. Midwest drought since 2012 expanded over the past week despite mild temperatures as a lack of rain across the heart of the American farm belt threatened newly seeded crops.Below-average rainfall and high winds also exacerbated drought conditions in many regions.In the early growing stage of the crops, drought can be compensated by more rain in the later stages.

Soybeans Spike Due to Weather Worries  - The Credit Crunch Isn’t over Yet

United States

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

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Crude Oil (CL1 COM COMDTY)

Wheat explodes after Russia threatens to attack grain shipments // Dollar-Commodities Divergence

Wheat futures soared as much as 9%, the biggest jump since 2012, as Russia threatened ships sailing to Ukrainian ports, escalating a conflict over...

The Commodity Report

How Much Do Commodity Prices Rise when Fertilizer Prices Rise?

Global crop production growth will mainly be driven by continued progress in plant breeding and a transition to more intensive production systems.

The Commodity Report

Why isn’t Gold starting to sell off? // The Big Sugar Rush

Why isn’t Gold starting to sell off? In last week’s report, we already highlighted that the golden metal stays unattractive - as the Fed will...

The Commodity Report

UniCredit Research - Economics Chartbook

Global: We are revising our global GDP growth forecasts up to 2.8% for this year and down to 2.7% for next year. Business surveys suggest the solid...

Unicredit Research

Soybeans Spike Due to Weather Worries - The Credit Crunch Isn’t over Yet

The worst U.S. Midwest drought since 2012 expanded over the past week despite mild temperatures as a lack of rain across the heart of the American...

The Commodity Report

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