Shifts in volatility and US corn dominance By Erik Norland, Senior Economist, CME Group Is higher volatility making a comeback? Options on US equities might be signaling a nascent trend to higher volatility Volatility in bonds, grains, gold and silver appear to be on the rise as well Copper volatility has been restrained despite escalating … Read More
Trade war rewrites the script in commodities
Trade war rewrites the script in commodities By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Grains: Midsummer rallies turn to fall nightmares Corn prices increasingly track Brazilian real, Russian ruble more than USD Black Sea region, Brazil are now setting the marginal production cost globally Prices are less reactive to inclement … Read More
Australia’s durable growth, currencies that impact wheat
Australia’s economy, Aussie wheat prices may be running out of steam By Erik Norland, Senior Economist, CME Group Can Australia’s 28-year record-setting expansion continue? Fed’s 25-basis-point rate cut could help support Australian dollar Flexible AUD exchange rate, monetary easing helped country dodge a recession Australia has high household debt, a possible housing bubble A slowdown in … Read More
Trade war: Rising costs and possible recession?
Trade war: Rising costs and possible recession? By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Trade war to hurt corporate profits, growth and consumers New round of tariffs on Sept 1 will raise cost of trade war to $80 billion US, China likely to share cost equally; Chinese growth to slow … Read More
Research: Will new US tariffs unravel yuan?
Will new US tariffs unravel yuan? By Blu Putnam, Chief Economist, CME Group Highlights Chinese currency breaks key threshold of 7 yuan per USD amid new tariffs Pressure expected to mount on Fed to continue cutting interest rates Trade war has decelerated China’s economy, could weaken yuan further New US tariffs on China set to go … Read More