Grain markets are higher supported by the EPA announcement and short covering. Outside market traders have a risk-on attitude as most commodities are posting a higher price at the start of a new month. (full story)
Risk appetite returns, commodities bounce after upbeat China PMIs. Gold traders are squeezed out of shorts. Oil stays pressured before OPEC
Bearish trades dominate oil due to signs of unabated glut prior to OPEC meeting
Copper elevates and risk sentiment picks... (full story)
By locking in a price now for a commodity to be delivered at some point in the future, futures markets permit buyers to secure insurance against future adverse price changes. In other words, futures markets supply a means for the mitigation of price risks. Futures charts track futures prices over time, and supply historical data that buyers and sellers can use to project where futures prices will be in the coming days or months. Frequently updated futures charts are a very useful tool for identifying pricing trends within a certain commodity.