supply-shock
3 stories related to this topic, newest first.
dawn.comHard Red Winter Wheat Futures Hit Two-Year High Amid U.S. Drought Conditions
Hard red winter wheat futures in Chicago reached their highest level since June 2024, climbing 1% on Friday and gaining nearly 6% for the week. UBS analysts highlighted severe drought in the U.S. agricultural belt, with March marking the third-driest month on record. The conditio…
zerohedge.comGulf Disruptions Raise Aluminum Prices to Four-Year High
Severe disruptions in the Gulf region have led to major smelters declaring force majeure and the Hormuz chokepoint remaining blocked for much of the week. Analysts at Mercuria, JPMorgan, and Goldman Sachs warn of a significant supply deficit, with aluminum prices surging amid con…
zerohedge.comAluminum Prices Reach $3,615.90 per Ton Amid Middle East Conflict-Related Supply Disruptions
The ongoing Middle East conflict has disrupted aluminum production, leading to a major supply shock described as the largest in base metals since 2000. Prices rallied to multi-year highs amid shortages, with Mercuria projecting a 2 million ton deficit by year's end. Strikes targe…