Derrick Hermesch News Today

Wheat futures have rallied in the last month, gaining $1.50/bu (28%) in both the front month KC and Chicago wheat futures. In that same timeframe there have been corrective dips

Monthly Consumer Price Index numbers were released Wednesday. April CPI rose 0.3%, below estimates of 0.4%, with annual CPI at 3.4%, down from 3.5% last month. Core CPI (all items

Wheat futures were up across the board this week with a strong move that broke through several technical resistance levels.

Iran and Israel traded missile/drone fire in the last week, which could be the beginning of a more serious geopolitical issue with the effects reaching far beyond the Iron Dome,

The front month gold future contract reached $2,300/oz this week. A new all-time high and a gain of 11% since the start of the year.

May cocoa futures traded as high as $8,900 per metric ton this week, which is more than double the value of where it started the year at an already historically

It has been a strong two weeks-two months for most commodity futures that are actively traded.

The S&P, Dow Jones and Nasdaq indices have moved sharply higher since last November, with all three markets making new all-time highs in the month of February.

A majority of the soft commodities, the label applied to the basket of commodities including cocoa, sugar, coffee, orange juice and cotton, have exhibited a significant increase in price since

Cocoa futures prices made new all-time highs on Friday with the March cocoa futures soaring to $6,030 per metric ton before reversing course and trading lower.