Prices of cobalt are may remain low for a while as demand from EV and consumer electronics makers are likely to remain lower than supplies.
Similarly, the global rice market is currently under pressure as China, the world’s top rice producer, deals with severe rain and flood concerns in its grain-producing north-eastern area.
Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts.
Analysts and stakeholders expect gold prices to rise as the year runs out because of macroeconomic factors and recession risks.
Prices on the Dutch Title Transfer Facility, the European benchmark, rose to more than €43 per megawatt-hour, reaching an intraday record high. On Thursday, the price slightly fell to €39.82.
Bitcoin’s volatility is at a 5-year low with K33 research analyst predicting that the period of low volatility could be ending soon amid pure structural squeezes.
Galaxy Digital’s Mike Novogratz recommends strong exposure to Bitcoin, Ether, gold, silver, etc. for investors with high risk tolerance.
The Goldman Sachs head of oil research noted that crude oil production in the US had soared exponentially in the last twelve months.
Most analysts and traders expect the Federal Open Market Committee (FOMC) to vote for holding the rates as they are.
The significance of OPEC+ in the global oil market cannot be understated, as the alliance accounts for approximately 40% of the world’s crude oil production.
The latest commodity trading prices for oil, natural gas, gold, silver, wheat, corn and more on the U.S. commodities & futures market.