Daily FNArena News - Commodities

Recent volatility and ongoing uncertainty with respect to Europe and global growth is the backdrop for Barclays Capital’s review of commodity price expectations.

A glance through the latest expert views and predictions about commodities with the outlook weak for both steel and nickel, gold expected to go higher and a closing of oil price spreads.

Jonathan Barratt of Barratt’s Bulletin suggests the cotton price is at a crossroads and advises accumulation.

Extensive flooding in Thailand may have disturbing ramifications for inflation in China while meteorologists are warning Australia may again be in for another wet tropical summer.

There are some similarities between gold price action in 2008 and now and Barclays Capital sees enough positive drivers to suggest further gains in the metal’s price are likely.

Activity was brisk but the spot market thin as ups and downs in the week saw the uranium price unchanged.

A glance through the latest expert views and predictions about commodities with updates on iron ore gives recent price weakness, why met coal won’t fall as far and the importance of Chinese production in balancing metal markets.

Industry consultant MEPS suggests a stronger US dollar has been impacting on global steel prices.

Jonathan Barratt of Barratt’s Bulletin examines the grains complex and upside pressure that is potentially building.

A glance through the latest expert views and predictions about commodities with a range of updates on the oil market, Macquarie expecting stable thermal coal prices and NAB updating on base metals.