The Hecht Commodity Report As Of The Close of Markets- July 29, 2020

The Hecht Commodity Report As Of The Close of Markets- July 29, 2020

• Gold rises to a new record high in US dollar terms- Silver explodes higher- Platinum and palladium rally
• The dollar breaks down through technical support levels
• Energy prices move higher with natural gas posting a double-digit percentage gain
• Grains were mostly lower- Soft commodities were mostly higher
• Stability in copper and base metals- Lumber continues to surge

Commodities Recap For The Week Ending On July 17, 2020

Commodities Recap For The Week Ending On July 17, 2020

 Silver moves towards $20 per ounce, gold consolidates at over $1800
 Consolidation in oil after OPEC, Russia, and other world producers taper production cuts starting in August
 Natural gas backs off to the $1.70 per MMBtu level
 Meats rebound along with coffee
 Stocks higher, the dollar index and digital currencies decline

The Hecht Commodity Report As Of The Close of Markets- July 15, 2020

The Hecht Commodity Report As Of The Close of Markets- July 15, 2020

• The stock market powers higher over the first two weeks of July
• The dollar falls- Gold, silver and palladium move to the upside- Platinum continues to lag the precious metals
• Ethanol and coal fall, but oil, oil products, and natural gas move higher since June 30
• Wheat rallies, while corn and beans are on either side of unchanged- Gains in cotton and meats, but other soft commodities fall
• Copper and base metals rally- Lumber and iron ore power higher

Commodities Recap For The Week Ending On July 10, 2020

Commodities Recap For The Week Ending On July 10, 2020

 New highs in gold, but silver leads the way with a move to over $19 per ounce
 Energy prices steady to higher on the week
 WASDE weighs on soybeans and corn, but the weather supports wheat
 Coffee, sugar, and cocoa decline, while cotton and FCOJ move higher- Meats steady on the week
 Stocks higher, the dollar lower, and digital currencies edge to the upside

Second Quarter 2020 Overview And The Outlook For Q3 2020

Second Quarter 2020 Overview And The Outlook For Q3 2020

• Four of five sectors post gains in Q2- Double-digit percentage increases in three of six sectors.
• Energy is the biggest winner with an over 55% gain
• Double-digit percentage gains in base and precious metals
• Animal proteins is the only losing sector
• Gasoline is the winner on the upside- Coffee is the leading loser for the quarter

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