Commodities took a kicking in 2018 — with deep losses in everything from oil and copper to coffee and sugar — so what’s in store for the 12 months to come? In 2019, look for support for prices that are already at a six-month high as the Federal Reserve goes slower on rate increases, and investors seek protection from equity market turmoil and slowing global growth. In 2019, watch for more losses in crisis-hit Venezuela as supply risks tumbling below 1 million barrels a day. And just as trade-war blows hurt copper in 2018, the same could be true in 2019 — but on the upside. Keep a close watch on China mills’ profitability and industry data from the mainland.

Source: thestar January 04, 2019 02:03 UTC