Commodities have yet to record a winning week in 2024 with the Bloomberg Commodity Index, which tracks the performance of 24 major commodity futures spread almost evenly between energy, metals and agriculture trading lower by around 1% so far this month. Losses in grains, industrial as well as precious metals have only been partly offset by a gain in energy and soft commodities. The market’s main focus remains geopolitical tensions in the Middle East, China economic weakness and not least the timing, pace and depth of US rate cuts in 2024. The grain sector remains under pressure from improved crop weather in Brazil, ... (full story)