We remain skeptical of sustained strength in gold and silver with the markets generally relying on a single force of weakness in the dollar.

We see the April through late May downtrend resuming after a slight post PPI report bounce. We see short selling pricing in September bonds at 127-09 and at 113-10.

Traders are hoping for normal rainfall in the 8–14-day time frame.

July meal experienced an impressive rally off of Thursday's low but hit significant resistance at 442.10 yesterday, and closed lower.

The key reversal for June hogs is a bullish technical development, but the premium to the cash market is a limiting force.

With near-term demand prospects weakened by stubbornly high inflation, cocoa prices would clearly benefit if last week's "risk on" can continue through the weekend.

Even though there have been some positive US economic readings released over the last several weeks expectations for the US nonfarm payroll reading from last month on Friday call for a very small...

Short-term technical indicators are showing extreme oversold readings after the 7-day collapse, but for now, the market lacks the type of supply news to help the market forge a low.

With a macroeconomic washout pressuring the commodities, the path of least resistance in gold and silver is pointing down.

Weather delays may account for the lower than expected Center-South crush, which means that additional cane may be processed during April and boost their near-term supply.

Obviously, the bull camp needs inflation to moderate for economic optimism to expand and inflate future energy demand expectations further.

The bias is up but we suspect investors will be hesitant to chase prices ahead of a possible volatility event tomorrow.

There could be a silver lining for equity and commodity markets if the US Fed in the coming meeting decides to pause its rate increases.

We leave the edge with the bear camp as the 2nd day of US Federal Reserve Chairman testimony to Congress is likely to reiterate the need for a higher terminal US interest rate.

The longer-term fundamentals are still supportive as beef production continues to tighten and weights remain much lower than normal.

The path of least resistance is up but macroeconomic sentiment is barely holding sway against residual concern generated by the sharp February washout.

While we will not argue against the potential for further gains today, the actual physical supply impact of a 1 million barrel per day OPEC+ production cut back should ultimately prove minimal as...