Page 3 - Commodities Channel News Today

Crude oil prices dropped, pulling crude ETFs lower amid growing concerns that monetary tightening will affect global economic activity.

Fewer domestic exports from the U.S. this summer could also weight on prices, particularly when it comes to wheat, corn and soybeans.

Agricultural Commodities are pushing higher as the Russia-Ukraine conflict continues to escalate.  In particular, higher wheat and corn prices.

China's surplus of wheat could be decimated by heavy rain and high humidity, according to the South China Morning Post.

China is making use of its wheat surplus by shifting from corn to wheat for its animal feed market, which could hamper corn imports.

China has been ramping up its purchase of commodities from Russia, which could continue to feed commodity-focused ETFs.

A record soybean harvest could continue to put downward pressure on soybean prices. YTD, soybean futures contracts are down about 10%.

Harsh weather could be up ahead in the form of El Niño, which could cause a spike in volatility for commodities, particularly agricultural.

Waning influence of the dollar could be another catalyst for higher gold prices amid the already-existing confluence of factors.

On this week’s “ETF of the Week” podcast, Tom Lydon and Chuck Jaffe discuss OAIA, the first AI-driven agriculture ETF.