Commodities Outlook 2024: Cautious optimism

From think.ing.com

2023 was meant to be a year of strength for the commodities complex. Commodities were the best performing asset class in 2021 and 2022, and coming into this year, it was a potential contender to be the top performer again, particularly with fears around gas supply over the 2022/23 European winter, and heightened geopolitical tensions. However this has not been the case, with the complex down on the year. Europe had an unusually mild 2022/23 winter, which left the gas market very comfortable. Markets also underestimated the ability of trade flows to adjust to sanctions and bans related to Russia’s invasion of ... (full story)