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Commodities Prices - Brokers still upbeat on ag prices, even after August bloodbath
Brokers have cut hopes for agricultural commodity prices after August’s selldown, but remain upbeat on prospects, with forecasts for major contracts standing above levels futures are factoring in.
Gold price weakens while oil price strengthens
The price has yet to form a firm base, and a drop through yesterday’s low at $1485 would then target the 50-day simple moving average (SMA) at $1470. Intraday, the price has yet to recover the 50-hour ...
NASDAQ: Norway salmon prices continue slide in week 36
The NASDAQ Salmon Index is the weighted average of weekly reported sales prices and corresponding volumes in fresh Atlantic superior salmon, head-on gutted, reported to Nasdaq Commodities by a panel ...
China ‘working proactively’ towards launching live pig financial futures contracts as pork prices soar
The Dalian Commodity Exchange is moving closer to launching the type of financial contract in the world’s largest live pig industry Pork prices in August increased 46.7 per cent from a year earlier, ...
2 Commodity Stocks to Short
Elsewhere in the commodities space, oil-and-gas name Baker Hughes A GE ... While 14 of 16 rate BHGE a "buy" or better, the average 12-month price target of $29.72 is a 23% premium to equity's current ...