Commodities Outlook 2024: Cautious optimism
We hold a moderately supportive view on large parts of the complex for 2024
Comfortable European gas market
Europe should finish the 23/24 heating season with above-average storage, which suggests a fairly neutral view for European prices
Subdued carbon
Weaker demand and increased renewables have weighed on the market, and pressure is likely to persist next year
We expect corn prices to remain under pressure, while a tighter wheat market should provide some support to wheat
Uncertainty due to the impact of El Nino and broader weather events suggest soft commodity prices are likely to remain elevated into 2024
Three calls for commodity markets
Global ESG Bond Supply Outlook: Slowing down in 2024
