5 goods that follow up this week, from oil and gold to orange juice
Grain dealers are awaiting the latest monthly estimates issued by the US Department of Agriculture tomorrow regarding the supply and demand. Meanwhile, the largest gold mining companies are preparing to announce their quarterly results as it will be launched tomorrow, “Barrrick Gold”, the results of the results. In the oil market, prices have recorded a remarkable decline since US President Donald Trump has held office in a development of historical connotations. Below we review 5 important graphs that emphasize the development of the global basic commodity markets at the beginning of the trading week: Oil has fallen by 8.8% since Trump was installed on January 20, as its views on customs duties and war in the midst of the East have affected the morale of investors. This is the biggest decline in the future decades of the Western Texas -Tussentage rough in three weeks since last October, that is, before Trump’s victory in the election, he fought with the slogan “I dense, my dense” to support the production of fossil fuels in the United States. Read more: Oil prices country for the third week amid the concerns about the Rates War. It is also the biggest decline in oil prices in the first three weeks of the mandate of a US president since Bill Clinton’s re -election during 1997, when prices lost about 12%, according to Bloomberg’s accounts. Gold prepares the three largest gold mines to announce the results of the fourth quarter of last year, a period that recorded the successive levels of the precious metal. The shares of “Agnico Eagle Mines” – the third largest producer – achieved an achievement as its biggest competitors, supported by high production and low costs in respect of expectations. Read more: The price of gold climbing .. and China is to buy the company will issue the report of its business results next Thursday, followed by the company “Newmont” – the largest world producer – on February 20. Investors will focus especially on production and cost expectations, especially with regard to the “Barrick Gold” and “Neumont” companies after their disappointing results in the third quarter of the grain of the grain will be expected to reduce the global expectation. US Department of Agriculture Tuesday its estimates of the size of the atomic stock expected at the end of the current marketing year. Read more: The US Department of Agriculture warns about the lack of grain stock next season at the same time, Brazil seems to be on the way to reach another record crop season of soybeans, as analysts expect US agriculture to increase its production estimates in its latest report. LNG is the trade companies and some of the largest global energy companies are preparing to take advantage of the retaliation -duties imposed by China on the LNG from the United States. The Chinese fees of 15% offer an opportunity for traders and large oil companies to sell US consignments on behalf of Chinese buyers in exchange for gas supplies from other regions, with a profit margin of this process. Read more: China punishes US gas .. How does it affect the energy card? China bought about 6% of US LNG exports last year, but it imposed these fees in response to Trump’s decision to impose customs duties on Chinese goods. Chinese drawings are scheduled to come into effect today. Orange juice has reduced the consumption of orange juice in the United States – the undisputed largest market for the drink – to less than half its levels since the highlight in the late 1990s. According to the data of the US Department of Agriculture, the request was recorded at the lowest level ever last year, and it is not expected to see 2025. Historically high prices do not contribute to the support of the market, and orange juice negatively affected the inflationary pressure caused by the exacerbation of hurricanes in Florida and the spread of plant diseases that have increased crops, which have increased the liabilities of suppliers, especially with farmers who have removed orange orchards at high prices to real estate development companies.