Five Notable Commodity Market Charts to Monitor
Commodities
* Trade Conflicts: Escalating trade tensions and supply chain disruptions have pushed the Bloomberg Commodity Spot Index to a two-year high, signaling rising price pressures.
Copper
* Tariff Threats: Potential tariffs on copper have caused extreme market dislocations, leading to record price differentials between US and global markets.
Oil
* Russian Crude: Negotiations over sanctions and the Ukraine conflict will influence oil prices. Brent's prompt spread suggests traders are seeking alternatives for Russian oil.
Agriculture
* Corn Shortages: Severe drought in South America has lowered global corn stockpile projections, driving futures prices to near a seven-month high.
Jet Fuel
* Aviation Demand: Despite net-zero goals, global jet fuel demand is projected to rise significantly by mid-century, requiring technological advancements and policy support.