We increased our energy and metal price forecasts due to the better global environment.
Given the recent decline in inventories, we increased our year-end forecasts to USD 52/bbl for WTI and to USD 55/bbl for Brent.
Commodities prices continued to increase in November. For 2018, we expect commodities prices to remain broadly stable
We increased our yearend copper and nickel forecasts. On the other hand, we lowered our forecasts for agricultural prices.
Commodity prices increased in September, due to the rise in agricultural and energy. After a two-month rally, metal prices dropped, in line with our scenario.
Commodity prices dropped in August, due to agricultural and energy prices. Metal rally will fade as China decelerates in 2H17.
We now expect iron ore prices of USD 60/mt and copper prices of USD 5700/t by year-end.
Commodity prices continued to decline in June. We have reduced our year-end oil price forecasts for both 2017 and 2018.
Commodities continued to decline in May, led by metal and energy prices.
We believe the recent declines in metal and energy prices are a correction and not the start of a new downward trend.
Commodity prices fell in March, but this movement is related to specific factors and not a sign of a weak global economy.
Metals back down with China´s tightening concerns and commodities pay back part of February’s gains.
Commodity prices extended 4Q16 gains year-to-date ,but we expect our commodity index to fall 7% from current levels in 2017.
Positive outlook for commodities in the short term. But we expect metal and energy prices to decline with China's slowdown.
Oil prices rise as OPEC delivered the deal. Metals with a better outlook, but the recent rally should partially fade in 2017.
We are revising our metals forecasts upward. OPEC deal murkier, but still in the baseline.
The promise of production cuts reinforces our outlook for oil trading for USD 50-55/bbl in 2017.
Commodities rose further since the end of July
We forecast metal prices to decline ahead and lowered our agricultural forecasts.
Lower supply and demand growth continue to contribute to the rise in commodities
Iron ore prices have fallen since late April. We expect the slide to continue.
We expect additional gains in crude oil prices and lower prices for iron ore.
We have raised our price forecasts for base metals and agricultural commodities, after incorporating the weaker dollar
We lowered our corn and wheat price forecasts.
Oil excess supply likely to vanish in 2016, even without OPEC action
The partial recovery in prices is likely to be a consequence of supply cuts.
Driven in part by an adjustment in the oil market in 2H16, we forecast a small recovery in commodity prices in 2016
The scenario for commodity prices remains challenging, but the sugar market is rebounding due to specific factors.
We see no relief ahead for commodity producers.
An unfavorable environment for commodity-exporting nations.
Commodity prices resumed the downward trend in July, and we see most of the move as consistent with fundamentals.
We see upside risks to grain prices and downside risks to our oil scenario due to supply-side factors.
We reduced our agricultural price forecasts due to lower risk of crop losses and no signs of supply reduction
Commodity prices rose in April, driven by a sustainable oil increase and a temporary metals pickup
Commodities resumed a downward trend in March, dragged by falling prices for crude oil and iron ore.
Brent crude prices continued to trend upwards in February, reinforcing our scenario of some recovery.
Volatility has set the tone for the commodities market since late December
The Itaú Commodities Index (ICI) has retreated 16.2% since the end of November, once again affected by oil prices.
The Itaú Commodity Index (ICI) has fallen by 10% since the end of October,
The Itaú Commodity Index (ICI) has declined by 4.5% since late September
The Itaú Commodities Index has fallen by 7.8% since the end of August
The Itaú Commodity Index (ICI) has declined 4.7% since the end of July
The Itaú Commodities Index (ICI) has fallen by 5.8% since the end of June
The Itaú Commodity Index (ICI) has fallen 1.6% since the end of May.
The Itaú Commodity Index (ICI) has fallen 3.7% since the end of April
The Itaú Commodity Index (ICI) has risen 1.0% since the begnning of April
The Itaú Commodity Index (ICI) has risen 2.3% since mid-March.
Unfavorable weather in Brazil is driving agricultural commodity prices upward.
Hot and dry weather in Brazil has led to reduced crop forecasts for coffee, sugar, corn and soybean.
The Itaú Commodity Index (ICI) has fallen by 2.6% since the end of November, with all three of its components sliding.
The Itaú Commodity Index (ICI) remained roughly flat in November, rising by 0.2% for the month.
The Itaú Commodity Index (ICI) was virtually unchanged in October.
The Itaú Commodity Index (ICI) fell 2.9% in September.
Commodity prices have risen since the beginning of August.
We have implemented a new methodology for the ICI.
Concerns related to China and rising yield curves in the U.S. dragged down commodity prices.
A favorable supply outlook led to downward revisions in agricultural commodity prices.
Commodity prices declined in April, led by disappointing global activity and U.S.-dollar appreciation.
Exports from Brazil and Argentina May Also Affect Prices in the Short Term
Shipping Delays in Brazil and Argentina Affect Short-Term Prices.
Lower price volatility
Despite falling grain and energy prices, base metals led the Itaú Commodity Index (ICI) to increase 0.4% in December from a month ago.
We are revising our year-end forecasts for the Itaú Commodity Index (ICI) downward.
Fading global optimism and higher supply led to falling commodity prices.
Lower risk aversion and the adoption of even looser monetary policies by G3 central banks provided a boost to basic and precious metals.
August saw another rise in commodity prices, propelled by oil and grain. Metal prices continued to decline.