Insight Blog

The essential perspective on global commodities
22 Sep 2021

Expectation vs reality: The case of the large corn crop that grew small in Brazil

The stark contrast between expectations and reality is not unfamiliar to commodity markets. One of the most recent examples can be seen in the case of Brazil’s corn production. In December 2020, the US Department of Agriculture expected corn production in Brazil to hit 110 million mt for the agricultural year 2020-21. In the same month, the National Supply Company (CONAB) from the Brazilian Ministry of Agriculture estimated a corn production of 102.59 million mt

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21 Sep 2021

Fuel for Thought: Spare capacity in focus as OPEC+ output hikes coincide with rising oil security risks

Spare capacity is the oil sector’s ultimate shock absorber. These buffers shot up to COVID-19 -induced 35-year highs but are now rapidly reducing. A rising trend of security incidents in the Middle East, a tentative demand recovery and OPEC+ pumping more could see oil risk premium back on the market’s radar

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20 Sep 2021

Mapping out ADNOC’s downstream ambitions

In the 1970s when Abu Dhabi National Oil Co. was looking for a city to house its industrial staff, it chose a rural desert town close to its onshore fields with deep waters for easy access to oil tankers. Today, Ruwais is more than just a port city. It is key to ADNOC’s oil ambitions, including its quest to turn the newly-launched Murban futures contract into an international benchmark for oil headed to Asia. A $3

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