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Production results also out, and as expected Glencore cutting capex guidance from December by $1.1bn-$1.1bn-$1.4bnthe weak commodity outlook, most likely to come out of coal and oil expansions.
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Investors seem reticent to enter the agribusiness sector until there's more clarity regarding commodities' outlook.
This article is based on notes that I prepared for a round table on "The commodities outlook: moving past the supercycle" at the 2013 Toronto Global Forum.
"The world cannot keep accumulating claims on U.S. assets indefinitely," head of Global Commodities and Multi-Asset Strategy Francisco Blanch said in presenting the bank's 2012 commodities outlook as part of a broader presentation called "When Europe Sneezes".
Part of that strategy stems from its factoring in a more pessimistic commodity price outlook when determining whether it can build and run a potential project cheaply enough to return at least 15percentt profit.
John Baffes, senior economist and lead author of the World Bank's commodities markets outlook, said: "Low prices for oil and commodities are likely to be with us for some time.
"We are now somewhat more concerned about the commodity-cost outlook for Chipotle than we were 24 hours ago," says Janney Capital Markets analyst Mark Kalinowski.
FAO commodity review and outlook.
Commodity and trade outlook data and information continue to be available on the ERS website.
Commodity Situation and Outlook.
The major achievements concerned improvement and updating of global food and agricultural databases, strengthening national capacity to provide timely food and agricultural statistics, issue of reviews of the commodity situation and outlook and development of FIVIMS activities.
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