Commodities Outlook 2024: Cautious optimism

  • 4 December 2023
  • Commodities, Food & Agri Energy
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Supportive fundamentals, lingering geopolitical risks and expectations of Federal Reserve easing suggest the complex will trend higher next year. However, with plenty of uncertainty over global growth, we hold a cautiously optimistic view for commodities in 2024

Warren Patterson
Ewa Manthey
Warren Patterson and Ewa Manthey
Commodities were the best performing asset class in 2021 and 2022. But the complex has fallen this year.
Commodities were the best performing asset class in 2021 and 2022. But the complex has fallen this year.
Softs Oil Natural gas Metals Energy Commodities Agriculture 2024 Outlook

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Authors

Warren Patterson

Warren Patterson

Head of Commodities Strategy
Warren Patterson is Head of Commodities strategy based in Singapore. He joined the bank in April 2016 and covers the entire commodities complex. Previously, he worked at a commodities trade house…
Ewa Manthey

Ewa Manthey

Commodities Strategist
Ewa Manthey is a Commodities Strategist based in London. She joined the bank in September 2022 and covers the entire commodities complex, with a particular focus on the metals markets. She has…

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