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Expectation of calm for commodities in 2024 with record soybean production and rising oil exports.
The commodities appears to be calm at the beginning of 2024, with record production of soybeans, grains and an increase in oil exports. However, analyst forecasts suggest that this scenario could change throughout the year. The Economist highlights three factors that could alter this normality: extreme weather events, global economic recession and global conflicts.
FOR goods like gas and grains, extreme weather events can pose a risk, bringing temperatures much higher or lower than expected. It is also important to consider the influence of news from China and problems in the real estate sector, which have affected commodities significantly. Therefore, the current apparent calm of the commodities it may just be temporary.
Commodities: Record Production Boosts Global Economy
Commodities, or goods, have been playing a crucial role in the global economic growth in the last years. Record oil production and large corn production have boosted exports, contributing to the strengthening of the real estate industry and a significant recovery in the world economy.
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Oil Exports Boost Commodity Market
In recent years, oil exports have played an essential role in the commodities market. The increase in production and record exports have boosted global economic growth, positively impacting the real estate sector and generating a significant recovery in several economies.
Corn Production Boosts Commodity Market
The commodities market has been impacted by the large-scale production of corn in different countries. These record productions have contributed to strengthening exports, sustaining global economic growth and boosting the real estate sector, bringing a significant recovery to the main economies.
Commodity Market: Impact on Global Economic Growth
The commodities market has had a significant influence on global economic growth in recent years. Record production, together with oil exports and corn production, have been determining factors in boosting the real estate sector and promoting a significant recovery in several economies around the world.
Source: moneytimes
