Commodity Analysis & Comment

Lumber futures on Chicago Mercantile Exchange have been nearly halved in a matter of a month to $879 per thousand board feet from the all-time high in May of around $1,711.

The US economy grew at an unrevised pace of 6.4% during Q1, the Commerce Department reported Thursday. The Federal Reserve is predicting a rapid uptick in economic activity this year to the tune of...

On the Ethanol front, the EIA showed production averaged 1.048 million barrels a day, up 23,000 barrels on the week and 155,000 on the year.

Last week saw Gold prices take a heavy hit, and a week later there’s still only been a mild recovery.

Powell’s testimony to Congress failed in generating a rebound in gold prices; thus, the bearish trend could continue.

When people discuss inflation, they rarely have in mind monetary expansion, which is an important driver of price inflation. Instead, they think almost exclusively of consumer prices.

Do you remember the oil glut? Oh, sure you do. The COVID-inspired oil glut that many people said was so large that we would never see it fully disappear.

The plunge in the markets and metals following the miscommunication by the Fed last week saw silver close the day with a wide spread down candle on high volume.

It was a volatile day of trading in the silver market, where the price spiked 40 cents higher yesterday morning, yet still closed lower on the day.

The corn market’s focus will be split on June 30, between the USDA’s quarterly stocks report and 2021’s US acreage update, when both are released on that day.