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Hefty rises in commodity prices

Posted by Jyske Bank in August 22nd 2008  
Although there was little news about fundamentals, almost all commodities in the commodity complex showed sharp price rises. Crude oil took the lead, rising by almost 6 per cent, while the base and precious metals and crops also rose, by 3-6 per cent. The rises are taken to be mainly due to hedging of short positions and should be seen in the light of recent weeks' sharp falls in commodity prices. Even if the arrow has begun to veer up these past few days, one should be wary of concluding that Read More...

Filed under: Futures