Reported 2 months ago
This week, significant movements in global commodity markets are underscored by Caterpillar Inc.'s earnings report, increased Chinese wheat purchases, and fluctuating copper investments. Caterpillar is anticipated to report lower revenues, reflecting broader industry health, while China aims to stabilize local wheat prices amid heavy rainfall impacts. Additionally, traders are assessing the impact of reduced U.S. LNG exports due to hurricane disruptions and the recent drop in bullish copper positions, posing questions about future demand in the sector.
Source: YAHOO