Although a very wet spring delayed planting of the 2013-14 U.S. soybean crop, ideal weather materialized after it was planted. But because the crop was planted late, it is still vulnerable to the hot and dry weather that is hitting key growing regions.
The April USDA crop report presented a bearish picture for the global wheat market, reaffirming the steep slide in prices we’ve seen over the past six months. With the 2012-13 marketing year drawing to a close, analysts were expecting a featureless report.
Back in June, copper prices were poised to crack the $3-per-pound level. The market bounced sharply – by close to 15% – but has since retraced a sizable chunk of that rally. Was the rally warranted or just a due-course correction?
Palladium may be rare, but it is not a precious metal. While volatility in gold prices may affect palladium prices in the short term, palladium should not be beholden to the broad precious metals investment climate.