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Nov 25, 2024 | 
bloomberg.com | Nicholas Larkin
Coffee futures in New York climbed to the highest since 1997 on worries about crops in top growers, threatening to further raise costs for roasters and consumers. Arabica, the high-end variety favored for specialty brews, rose as much as 2.7% on Monday. Coffee prices have soared this year due to major supply disruptions in key producers from Brazil to Vietnam, with the more budget-friendly robusta type that’s used in instant drinks recently hitting the highest since the 1970s.
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Nov 25, 2024 | 
finance.yahoo.com | Nicholas Larkin
Few if any money managers command attention on Wall Street quite like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Since ascending to the role as Berkshire's chief in the mid-1960s, the aptly named "Oracle of Omaha" has overseen a scorching-hot cumulative return in his company's Class A shares (BRK.A) of nearly 5,700,000%. Nearly doubling up the annualized total return of the benchmark S&P 500 spanning six decades is bound to get a money manager noticed.
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Aug 23, 2024 | 
bloomberg.com | Nicholas Larkin
Cheese has been pulled into the ongoing trade spat between China and the European Union. Beijing on Wednesday said it has started an anti-subsidy investigation into imports of several dairy products, including fresh and processed cheese, from the EU. It's the latest development in a saga that began with electric vehicles and has embroiled European brandy and pork.
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Jul 12, 2024 | 
bloomberg.com | Nicholas Larkin
This week has offered yet another reminder of how food supplies are at the mercy of weather. Coffee prices jumped as poor growing conditions in South America and Asia hurt output, while beneficial rains from Hurricane Beryl made US corn and soybeans cheaper. And in China, crops are at risk from extreme events that are happening more often because of climate change.
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May 31, 2024 | 
bloomberg.com | Nicholas Larkin
From the threat Ozempic poses to sugar demand to extreme weather endangering crops, here’s a roundup of the latest key food stories from around the world:
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May 3, 2024 | 
bnnbloomberg.ca | Nicholas Larkin
(Bloomberg) -- Cocoa futures whipsawed, while still on track for a nearly 30% weekly drop, as it wraps up one of the craziest stretches the market has ever seen. Just two weeks ago, the most-active contract hit a record of almost $12,000 a ton as the industry grappled with the fallout of severe supply shortages. But a plunge this week took futures as low as $6,990 — roughly 40% below the all-time high — accompanied by extreme price swings after an exodus of traders sapped liquidity.
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May 3, 2024 | 
bloomberg.com | Nicholas Larkin
Cocoa futures whipsawed, while still on track for a nearly 30% weekly drop, as it wraps up one of the craziest stretches the market has ever seen. Just two weeks ago, the most-active contract hit a record of almost $12,000 a ton as the industry grappled with the fallout of severe supply shortages. But a plunge this week took futures as low as $6,990 — roughly 40% below the all-time high — accompanied by extreme price swings after an exodus of traders sapped liquidity.
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Apr 29, 2024 | 
bloomberglinea.com | Jacob Lorinc |Nicholas Larkin |Alex Longley
Bloomberg — Los principales productores globales de metales preciosos concluyen su última temporada de resultados con la mirada puesta en el oro. El proyecto de oleoducto más nuevo de América del Norte está listo para iniciar su producción comercial, lo que modificará el flujo de crudo en todo el mundo. Además, las fluctuaciones del precio del cacao son las más pronunciadas desde 1977.
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Apr 28, 2024 | 
financialpost.com | Jacob Lorinc |Nicholas Larkin |Alex Longley
Gold ambitions are top of mind as the world’s biggest precious-metals producers wrap up the latest earnings season. North America’s newest oil pipeline project is slated to start commercial production, redrawing the flow of crude around the world. And cocoa’s price swings have been the most extreme since 1977. Author of the article:Bloomberg NewsJacob Lorinc, Nicholas Larkin and Alex LongleyPublished Apr 28, 2024 • 2 minute read You can save this article by registering for free here.
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Apr 28, 2024 | 
bloomberg.com | Jacob Lorinc |Nicholas Larkin |Alex Longley
Gold ambitions are top of mind as the world’s biggest precious-metals producers wrap up the latest earnings season. North America’s newest oil pipeline project is slated to start commercial production, redrawing the flow of crude around the world. And cocoa ’s price swings have been the most extreme since 1977. Here are four notable charts — and a map — to consider in global commodity markets as the week gets underway.
