Monthly Commodities Strategy: Tides Have Started To Turn As Economic Data Surprises To The Upside And Geopolitical Tensions Persist
Commodities / Global / Thu 21 Mar, 2024
The broad commodities complex has posted gains in March, with every commodity sub-class – excluding softs – enjoying a lift from mid-February to mid-March. Despite this, softs remain one of the clear outperformers in the year-to-date, driven by spiraling cocoa prices, having been overtaken by only energy in March. This sits in stark contrast to