Silver’s strength this year has been underpinned by a combination of factors, including a persistent supply deficit, strong ...

The European allowance market is set to tighten in 2026 on the back of falling supply, which should continue to push prices ...

Copper’s rally this year has been fuelled by mine supply disruptions and distortions to trade flows amid US President Trump’s ...

Iron ore prices have held at elevated levels for most of 2025, but next year’s fundamentals point to a more bearish ...

We believe the corn market will see more meaningful tightening in the 2026/27 marketing year, with a global deficit of around ...

Gold enters 2026 at record highs after an exceptional rally driven by strong central bank demand, macro uncertainty, and a ...

The global wheat market has turned out to be much better supplied than expected in 2025/26, with production estimates ...

Stronger output should see the market shift from a deficit of almost 2m tonnes in 2024/25 to a surplus of around 7m tonnes in ...

The strength seen in the Brazilian Real (BRL) this year would have provided further support to coffee prices. The BRL has ...

The dollar is ending the year around 9% lower, driven in part by the Fed easing cycle and the resilience of overseas ...

The dollar is ending the year down around 9%. Look for further modest dollar losses next year as yield differentials narrow ...

A number of agri commodities have also come under pressure, including cocoa, sugar, wheat and corn, on the back of more comfortable supply conditions. That said, wheat and corn have clawed their way ...