Commodity Blog

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Agricultural Commodities Surge Due to Backlog at Brazil’s Port Posted: 22 Feb 2013 05:39 PM PST Sugar gained as supply from Brazil, the biggest producer and exporter in the world, is expected to decline. Some other agricultural commodities were also affected. It is not that the country produces any less sugar, but the record backlog at Port of Santos prevents shipping of the commodity that is already prepared for export. Moreover, there is danger of a worker strike. Agricultural commodities, including cocoa, coffee and sugar, fared far [...]

Industrial Metals Tumble amid Negative Fundamentals Posted: 22 Feb 2013 01:18 PM PST Aluminum fell today and posted the biggest weekly drop in 14 months on speculations that Chinese supply will add to global surplus. Other industrial metals, including copper, also declined. The International Aluminium Institute reported that Chinese output climbed as much as 16 percent in January from a year ago. According to the IAI, global production grew 5.7 percent to 3.917 million metric tons. Global supply outpaced demand by 419,400 [...]

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