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