Commodities Market Update: Prices and Trends

Commodities Market Update: Prices and Trends

Introduction

Commodities are goods that are bought and sold in large volumes, such as oil, metals, and grains. They are an important part of the global economy and can be affected by a variety of factors, including political and economic events. In this article, we will provide an update on the current state of the commodities market, including prices and trends.

Oil Prices

Oil prices fell on Tuesday, with benchmark U.S. crude oil for May delivery falling 5 cents to $85.36 per barrel and Brent crude for June delivery falling 8 cents to $90.02 per barrel. Wholesale gasoline for May delivery rose 4 cents to $2.82 a gallon, while May heating oil was unchanged at $2.65 a gallon. May natural gas rose 4 cents to $1.73 per 1,000 cubic feet.

Gold Prices

Gold for June delivery rose $24.80 to $2,407.80 per ounce, while silver for May delivery fell 34 cents to $28.38 per ounce and May copper fell 8 cents to $4.30 per pound. The dollar rose to 154.67 yen from 154.23 Japanese yen, and the euro rose to $1.0632 from $1.0625.

Political Risks

The report from Everstream Analytics states that half of the world's population is expected to vote in unprecedented numbers of global elections this year, raising supply-chain risks for certain commodities around the world. At least 64 countries, including the US, Mexico, India, Taiwan, Indonesia, and the UK, are holding elections this year. Mining is an issue to watch ahead of the 2024 elections in Mexico and the US, with increased demand for metals commodities, particularly those used in electric-vehicle production, leading to tensions between mining industry advocates and environmentally conscious lawmakers in both countries. Lithium and copper, as well as soy, corn, and wheat, are of particular concern in the US and Argentina. The report advises supply-chain managers to monitor locations and commodities using appropriate risk scoring and prepare for the likeliest risk scenarios ahead of time. Supply-chain scenario planning can help operations foresee and effectively respond during this year of political upheaval.

Conclusion

The commodities market is an important part of the global economy, and it can be affected by a variety of factors, including political and economic events. In this article, we provided an update on the current state of the commodities market, including prices and trends. It is important for businesses to stay informed about the commodities market in order to make informed decisions about their operations and supply chains.

FAQ's

How does oil investing work?+

What is the role of cryptocurrencies in supply chain management and logistics?+

What is the role of commodities in the supply chain?+

What are the main factors that drive oil prices?+

What is the difference between physical and paper commodities?+

What are the main types of energy commodities?+

What are the benefits of investing in physical gold?+

What are the main types of commodities?+

How do supply and demand dynamics affect commodity prices?+

What are the risks of global market analysis for investors?+

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Market Watch
$282.78
JPM
-3.15% (-$9.19)
JPMorgan Chase & Co.
10:00 AM
$552.34
QQQ
0.06% ($0.31)
Invesco QQQ Trust
8:00 AM
$720.67
META
0.32% ($2.32)
Meta, Inc.
8:25 AM
$23.36
GFI
-5.88% (-$1.46)
Gold Fields
10:40 AM
$73.92
NKE
-3.41% (-$2.61)
Nike, Inc.
10:45 AM
$57.61
NEM
-4.24% (-$2.55)
Newmont Corporation
10:35 AM
$367.50
HD
-0.04% (-$0.14)
The Home Depot, Inc.
8:25 AM
$45.22
AU
-5.65% (-$2.71)
AngloGold Ashanti
10:05 AM
$89.20
EFA
0.73% ($0.65)
iShares MSCI EAFE ETF
10:40 AM
$307.70
UNH
1.31% ($3.99)
UnitedHealth Group Incorporated
8:50 AM
$297.81
TSLA
1.32% ($3.87)
Tesla, Inc.
9:40 AM
$316.98
AXP
-1.78% (-$5.75)
American Express Company
10:35 AM
$8.84
CDE
-6.85% (-$0.65)
Coeur Mining
8:55 AM
$137.82
AMD
2.24% ($3.02)
Advanced Micro Devices, Inc.
8:00 AM
$121.82
DIS
-1.09% (-$1.34)
The Walt Disney Company
10:45 AM
$23.59
INTC
7.23% ($1.59)
Intel Corporation
8:00 AM
$715269.00
BRK-A
-0.16% (-$1146.00)
Berkshire Hathaway Inc.
8:00 AM
$3.52
BTG
-4.35% (-$0.16)
B2Gold
10:45 AM
$174.36
GOOGL
-1.37% (-$2.43)
Alphabet Inc.
8:00 AM
$354.55
V
-0.59% (-$2.09)
Visa Inc.
10:50 AM
$697.28
GS
-1.92% (-$13.65)
The Goldman Sachs Group, Inc.
9:10 AM
$153.24
CVX
3.96% ($5.84)
Chevron Corporation
9:40 AM
$62.26
IAU
-1.05% (-$0.66)
iShares Gold Trust
10:25 AM
$153.74
MMM
1.25% ($1.90)
3M Company
10:30 AM
$10.74
MUX
-5.62% (-$0.64)
McEwen Mining
8:30 AM
$11.55
SILV
-0.86% (-$0.10)
SilverCrest Metals
12:00 PM
$114.19
XOM
2.77% ($3.08)
Exxon Mobil Corporation
10:05 AM
$496.62
MSFT
-0.22% (-$1.10)
Microsoft Corporation
8:00 AM
$26.10
AGI
-5.84% (-$1.62)
Alamos Gold
10:20 AM
$33.29
SLV
-0.42% (-$0.14)
iShares Silver Trust
10:05 AM
$12.28
SSRM
-8.70% (-$1.17)
SSR Mining
8:00 AM
$15.19
KGC
-5.36% (-$0.86)
Kinross Gold
10:35 AM
$234.50
ORCL
0.96% ($2.24)
Oracle Corporation
10:45 AM
$158.03
FNV
-4.45% (-$7.36)
Franco-Nevada
8:25 AM
$70.24
KO
-1.08% (-$0.77)
The Coca-Cola Company
10:40 AM
$210.01
AAPL
0.03% ($0.06)
Apple Inc.
8:00 AM
$620.34
SPY
-0.05% (-$0.34)
SPDR S&P 500 ETF Trust
9:05 AM
$219.36
AMZN
-1.84% (-$4.11)
Amazon.com, Inc.
8:00 AM
$305.58
VTI
-0.01% (-$0.02)
Vanguard Total Stock Market ETF
10:40 AM
$97.09
WMT
-2.27% (-$2.26)
Walmart Inc.
10:40 AM
$28.29
T
-0.42% (-$0.12)
AT&T Inc.
10:35 AM
$19.84
EGO
-4.98% (-$1.04)
Eldorado Gold
8:15 AM
$86.72
WPM
-6.36% (-$5.89)
Wheaton Precious Metals
10:45 AM
$189.77
ABBV
1.14% ($2.14)
AbbVie Inc.
9:50 AM
$28.58
PAAS
-2.66% (-$0.78)
Pan American Silver
10:15 AM
$157.89
PG
-1.63% (-$2.61)
The Procter & Gamble Company
9:30 AM
$291.67
MCD
-0.63% (-$1.86)
McDonald's Corporation
10:25 AM
$81.37
MRK
0.58% ($0.47)
Merck & Co., Inc.
10:30 AM
$18.86
GOLD
-2.78% (-$0.54)
Barrick Gold Corp.
12:00 AM
$5.59
HL
-9.25% (-$0.57)
Hecla Mining
10:25 AM
$49.62
VWO
0.38% ($0.19)
Vanguard FTSE Emerging Markets ETF
8:30 AM
$25.62
PFE
1.51% ($0.38)
Pfizer Inc.
10:40 AM
$43.06
VZ
0.61% ($0.26)
Verizon Communications Inc.
10:50 AM
$218.52
BA
-0.05% (-$0.11)
Boeing Company
10:25 AM
$160.23
RGLD
-4.76% (-$8.01)
Royal Gold Inc.
8:00 AM
$68.59
CSCO
-0.49% (-$0.34)
Cisco Systems, Inc.
8:00 AM
$221.25
IWM
0.69% ($1.52)
iShares Russell 2000 ETF
10:30 AM
$75.03
PYPL
-1.51% (-$1.15)
PayPal Holdings, Inc.
8:00 AM
$9.75
SAND
-4.79% (-$0.49)
Sandstorm Gold
8:45 AM
$50.79
GDX
-4.48% (-$2.38)
VanEck Gold Miners
10:40 AM
$304.16
GLD
-1.04% (-$3.21)
SPDR Gold Trust
9:40 AM
$7.99
AG
-8.06% (-$0.70)
First Majestic Silver
10:40 AM
$273.65
CRM
1.43% ($3.85)
Salesforce.com, inc.
10:10 AM
$239.80
HON
0.19% ($0.45)
Honeywell International Inc.
8:00 AM
$4.84
EXK
-7.63% (-$0.40)
Endeavour Silver
10:45 AM
$116.14
AEM
-4.92% (-$6.01)
Agnico Eagle Mines
9:05 AM
$155.79
JNJ
0.33% ($0.52)
Johnson & Johnson
10:35 AM
$562.44
MA
-0.47% (-$2.68)
Mastercard Incorporated
8:35 AM
$66.39
GDXJ
-3.81% (-$2.63)
VanEck Junior Gold Miners
10:40 AM
$160.00
NVDA
1.11% ($1.76)
NVIDIA Corporation
8:00 AM
$1275.31
NFLX
-1.11% (-$14.31)
Netflix, Inc.
8:00 AM
$570.23
VOO
-0.07% (-$0.38)
Vanguard S&P 500 ETF
10:15 AM
$48.37
EEM
0.62% ($0.30)
iShares MSCI Emerging Markets ETF
9:55 AM
$56.92
VEA
0.73% ($0.41)
Vanguard FTSE Developed Markets ETF
10:35 AM
$52.21
XLF
-0.89% (-$0.47)
Financial Select Sector SPDR Fund
10:40 AM
$574.61
VFIAX
-0.07% (-$0.41)
Vanguard 500 Index Fund
8:00 AM
$216.87
FXAIX
-0.07% (-$0.16)
Fidelity 500 Index Fund
8:00 AM
$148.74
VTSAX
-0.04% (-$0.06)
Vanguard Total Stock Market Index Fund
8:00 AM
$272.55
DODGX
0.13% ($0.36)
Dodge & Cox Stock Fund
8:00 AM
$82.22
AGTHX
-0.07% (-$0.06)
American Funds Growth Fund of America
8:00 AM
$200.20
TRBCX
-0.29% (-$0.59)
T. Rowe Price Blue Chip Growth Fund
8:00 AM
$20.70
BECO
0.12% ($0.02)
BlackRock Future Climate and Sustainable Economy
8:30 AM
$65.40
GLDM
-1.04% (-$0.69)
SPDR Gold MiniShares
10:30 AM
$59.18
BITB
0.68% ($0.40)
Bitwise Bitcoin
8:15 AM
$85.64
GBTC
0.71% ($0.60)
Grayscale Bitcoin
10:40 AM
$89.12
VNQ
-0.15% (-$0.13)
Vanguard Real Estate
10:15 AM
$382.24
ADBE
1.41% ($5.31)
Adobe Inc.
8:00 AM
$111.85
ALTR
0.00% (-$0.00)
Altair Engineering Inc.
8:00 AM
$194.99
AMAT
2.21% ($4.21)
Applied Materials, Inc.
8:00 AM
$297.00
AMGN
1.38% ($4.05)
Amgen Inc.
8:00 AM
$134.46
BIIB
3.33% ($4.33)
Biogen Inc.
8:00 AM
$29.61
CECO
-0.60% (-$0.18)
CECO Environmental Corp.
8:00 AM
$226.19
CHKP
1.44% ($3.20)
Check Point Software Technologies Ltd.
8:00 AM
$98.33
CHRW
1.65% ($1.60)
C.H. Robinson Worldwide, Inc.
8:00 AM
$36.00
CMCSA
1.58% ($0.56)
Comcast Corporation
8:00 AM
$985.84
COST
-0.64% (-$6.34)
Costco Wholesale Corporation
8:00 AM
$215.29
CTAS
-1.03% (-$2.25)
Cintas Corporation
8:00 AM
$124.39
DELL
-0.30% (-$0.38)
Dell Technologies Inc. Class C
10:25 AM
$104.39
DLTR
0.15% ($0.16)
Dollar Tree, Inc.
8:00 AM
$75.33
EBAY
-0.76% (-$0.58)
eBay Inc.
8:00 AM
$117.32
EXPD
0.99% ($1.15)
Expeditors International of Washington, Inc.
8:25 AM
$42.84
FAST
0.87% ($0.37)
Fastenal Company
8:00 AM
$51.27
FLEX
-0.37% (-$0.19)
Flex Ltd.
8:00 AM
$111.06
GILD
-0.64% (-$0.72)
Gilead Sciences, Inc.
8:00 AM
$22.99
GNTX
1.05% ($0.24)
Gentex Corporation
8:00 AM
$213.41
GRMN
-0.48% (-$1.02)
Garmin Ltd.
8:00 AM
$73.95
HSIC
0.68% ($0.50)
Henry Schein, Inc.
8:00 AM
$781.48
INTU
-0.27% (-$2.13)
Intuit Inc.
8:00 AM
$39.95
JNPR
0.05% ($0.02)
Juniper Networks, Inc.
8:00 AM
$919.22
KLAC
0.72% ($6.60)
KLA Corporation
8:00 AM
$123.58
LAMR
1.23% ($1.50)
Lamar Advertising Company
8:00 AM
$99.83
LRCX
1.72% ($1.69)
Lam Research Corporation
8:00 AM
$74.56
MCHP
4.31% ($3.08)
Microchip Technology Incorporated
8:00 AM
$26.42
MEDI
0.01% ($0.00)
Harbor
8:00 AM
$71.95
MRVL
0.56% ($0.40)
Marvell Technology, Inc.
10:35 AM
$106.66
NTAP
1.10% ($1.16)
NetApp, Inc.
8:00 AM
$144.91
PAYX
-0.52% (-$0.76)
Paychex, Inc.
8:00 AM
$98.70
PCAR
2.13% ($2.06)
PACCAR Inc.
8:00 AM
$31.33
PDCO
0.00% (-$0.00)
Patterson Companies, Inc.
12:00 AM
$6.60
PTEN
6.97% ($0.43)
Patterson-UTI Energy, Inc.
8:00 AM
$159.45
QCOM
0.86% ($1.36)
QUALCOMM Incorporated
8:00 AM
$131.56
ROST
0.60% ($0.79)
Ross Stores, Inc.
8:00 AM
$58.84
RYAAY
0.94% ($0.55)
Ryanair Holdings plc
8:00 AM
$64.89
SANM
-0.22% (-$0.15)
Sanmina Corporation
6:26 PM
$75.90
SBUX
0.30% ($0.22)
Starbucks Corporation
6:26 PM
$554.84
SNPS
0.90% ($4.96)
Synopsys, Inc.
6:26 PM
$293.64
SPOT
-1.68% (-$5.02)
Spotify Technology S.A. Ordinary
6:26 PM
$16.33
TEVA
2.09% ($0.33)
Teva Pharmaceutical Industries Limited American Depositary
6:26 PM
$171.31
VRSN
0.90% ($1.52)
VeriSign, Inc.
6:26 PM
$231.27
VRTS
-1.39% (-$3.27)
Virtus Investment Partners, Inc.
6:26 PM
$28.00
XRAY
-0.71% (-$0.20)
DENTSPLY SIRONA Inc.
6:26 PM
$
BRK.B
% (-$)
Berkshire Hathaway Inc. New
$38.42
BAC
0.35% ($0.14)
Bank of America Corporation
6:26 PM
$135.04
PEP
0.44% ($0.59)
PepsiCo, Inc.
8:00 AM
$133.36
ABT
-0.25% (-$0.34)
Abbott Laboratories
10:50 AM
$426.17
TMO
1.78% ($7.47)
Thermo Fisher Scientific Inc
10:35 AM
$271.80
AVGO
-0.87% (-$2.38)
Broadcom Inc.
8:00 AM
$303.33
ACN
0.93% ($2.79)
Accenture plc
9:05 AM
$777.66
LLY
0.62% ($4.79)
Eli Lilly and Company
9:20 AM
$200.68
DHR
0.53% ($1.05)
Danaher Corporation
10:40 AM
$88.58
MDT
1.04% ($0.91)
Medtronic plc. Ordinary
10:40 AM
$72.46
NEE
-3.06% (-$2.29)
NextEra Energy, Inc.
10:45 AM
$216.63
TXN
1.51% ($3.22)
Texas Instruments Incorporated
8:00 AM
$469.95
LIN
0.08% ($0.36)
Linde plc
8:00 AM
$47.04
BMY
1.18% ($0.55)
Bristol-Myers Squibb Company
10:25 AM
$81.59
WFC
-0.91% (-$0.75)
Wells Fargo & Company
10:35 AM
$177.72
PM
-1.92% (-$3.48)
Philip Morris International Inc
10:45 AM
$236.54
UNP
0.51% ($1.19)
Union Pacific Corporation
10:50 AM
$290.42
IBM
-0.70% (-$2.05)
International Business Machines Corporation
10:35 AM
$141.13
MS
-1.82% (-$2.61)
Morgan Stanley
9:15 AM
$247.05
GE
-0.64% (-$1.60)
GE Aerospace
10:25 AM
$394.29
CAT
0.71% ($2.78)
Caterpillar, Inc.
10:35 AM
$1075.02
BLK
-0.09% (-$0.95)
BlackRock, Inc.
10:05 AM
$59.54
MO
-1.18% (-$0.71)
Altria Group, Inc.
10:30 AM
$102.38
UPS
1.52% ($1.53)
United Parcel Service, Inc.
9:30 AM
$508.91
DE
-0.27% (-$1.38)
Deere & Company
8:40 AM
$85.57
C
-2.32% (-$2.03)
Citigroup, Inc.
10:25 AM
$463.01
LMT
-1.29% (-$6.05)
Lockheed Martin Corporation
10:40 AM
$144.91
RTX
-0.69% (-$1.01)
RTX Corporation
9:45 AM
$79.85
FIS
-1.22% (-$0.99)
Fidelity National Information Services, Inc.
10:25 AM
$527.30
ISRG
-1.39% (-$7.41)
Intuitive Surgical, Inc.
8:00 AM
$389.50
SYK
-0.77% (-$3.01)
Stryker Corporation
10:40 AM
$91.95
SCHW
-0.70% (-$0.65)
Charles Schwab Corporation (The)
10:30 AM
$312.00
CI
-0.52% (-$1.63)
The Cigna Group
8:25 AM
$466.36
VRTX
1.51% ($6.95)
Vertex Pharmaceuticals Incorporated
8:00 AM
$174.63
BDX
0.97% ($1.68)
Becton, Dickinson and Company
10:50 AM
$526.39
SPGI
-0.71% (-$3.79)
S&P Global Inc.
10:20 AM
$124.42
MU
3.75% ($4.50)
Micron Technology, Inc.
8:00 AM
$198.00
PNC
0.89% ($1.75)
PNC Financial Services Group, Inc.
9:00 AM
$11.68
F
0.78% ($0.09)
Ford Motor Company
10:40 AM
$102.01
TGT
0.40% ($0.41)
Target Corporation
10:50 AM
$306.90
ADP
-0.51% (-$1.58)
Automatic Data Processing, Inc.
8:00 AM
$85.56
EL
-0.27% (-$0.23)
Estee Lauder Companies, Inc.
10:10 AM
$223.67
LOW
-0.59% (-$1.32)
Lowe's Companies, Inc.
8:30 AM
$95.79
COP
3.50% ($3.24)
ConocoPhillips
9:25 AM
$279.95
CB
-0.01% (-$0.02)
Chubb Limited
10:25 AM
$68.19
MDLZ
-0.92% (-$0.63)
Mondelez International, Inc.
8:00 AM
$123.95
EOG
3.63% ($4.34)
EOG Resources, Inc.
9:40 AM
$125.26
TJX
0.07% ($0.09)
TJX Companies, Inc.
10:05 AM
$5713.33
BKNG
-1.76% (-$102.59)
Booking Holdings Inc.
8:00 AM
$83.20
AIG
0.20% ($0.17)
American International Group, Inc.
9:50 AM
$52.19
GM
0.71% ($0.37)
General Motors Company
9:55 AM
$50.52
DAL
1.04% ($0.52)
Delta Air Lines, Inc.
10:35 AM
$93.47
ZBH
0.97% ($0.90)
Zimmer Biomet Holdings, Inc.
9:35 AM
$92.14
CL
-1.28% (-$1.19)
Colgate-Palmolive Company
10:40 AM
$499.02
MCO
-0.67% (-$3.35)
Moody's Corporation
8:20 AM
$79.66
MET
0.61% ($0.48)
MetLife, Inc.
8:25 AM
$25.80
HPQ
1.82% ($0.46)
HP Inc.
9:25 AM
$43.30
FMC
0.25% ($0.11)
FMC Corporation
9:25 AM
$131.40
KMB
-0.19% (-$0.25)
Kimberly-Clark Corporation
8:00 AM
$54.55
ADM
0.06% ($0.03)
Archer-Daniels-Midland Company
10:50 AM
$112.69
DG
-2.61% (-$3.02)
Dollar General Corporation
10:20 AM
$237.49
HUM
0.12% ($0.28)
Humana Inc.
10:25 AM
$139.71
PLTR
0.42% ($0.59)
Palantir Technologies Inc.
8:40 AM