Page 48 - Commodity Fund News Today

Welcome back to “beans in the teens.” The mantra, which is popular with soybean traders and farmers alike, was back in operation on the final trading day of 2020. The March futures contract SH21 traded 10 1/4 cents higher at $13.10 3/4 a bushel on the Chicago Board of Trade after hitting an intraday high of $13.21. Based on trading in the most active contract, soybeans haven’t traded above $13 since June 2014, according to FactSet. The rally has the versatile leg...

How a weaker dollar could help fuel a commodities boom in 2021 Long-suffering commodity markets may have turned a corner after a pandemic-induced collapse in 2020. What happens next may depend on the fate of the U.S. dollar. “The only way to get commodities moving in an inflationary, buying power way is a weaker dollar,” said Doug King, head of RCMA’s Merchant Commodity Fund and one of the world’s best known commodity traders, in an interview with MarketWatch. And a glide path to a weak...