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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (7554)	5/1/2021 2:43:33 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 13784

The premium for commodities that can be delivered now, compared with a year from now, is the highest it has been since at least 2007. This price backwardation indicates market participants expect increases in commodity prices to be short lived as commodity production ramps up to meet demand. For now prices for everything from copper to oil have sky-rocketed as the largest economies rebound from the pandemic with manufacturing and building picking up. The price of oxygen in India is up sixty-fold while China is buying record amounts of corn, and agricultural grains have gotten so expensive it’s upending global trade flows. More people are driving their cars and booking airline tickets as they get vaccinated. Rental cars are particularly in short supply as fleets were sold-off during the pandemic and the production of new cars will remain limited by chip shortages until August. Source: Bloomberg