In the commodities world, oil is undeniably one of the most important resources on the globe. Its price movements are closely tied to nearly every economic factor, as well as both domestic and international conflicts. In recent weeks, the escalating violence in Syria has put significant upward pressure on oil, pushing the fuel over $110 a barrel. While the country itself is not a major oil producer, its close geographic proximity to key sea routes and pipelines has investors understandably concerned over the immediate future of the commodity [for more oil news and analysis subscribe to our free newsletter].
When it comes to commodity production, Mexican oil is perhaps not what first comes to mind. Currently, the country produces roughly 2.55 million barrels of crude a day; compared to the U.S.’s production of over 7 million barrels per day, Mexico’s capabilities seem rather limited. Recent legislation, however, has created the potential for more oil companies to gain access to some of the world’s largest remaining untapped oil reserves [for more oil news and analysis subscribe to our free newsletter].
The first half of 2013 is officially in the books as commodity investors take a look back on a relatively eventful two quarters. While equities surged to highs never seen before, a number of commodities struggled, as analysts and investors fear that the super-cycle may be nearing its end. But while a number of high profile commodities, like gold, had a tough time this year, there were others that persisted. Below, we outline three commodities who turned in positive performances through the first six months of the year [for more commodity news and analysis subscribe to our free newsletter].
In the world of agribusiness, there is no name more prolific then Monsanto Company (MON) – the world’s leading producer of the herbicide glyphosate and the second biggest producer of genetically engineered seeds. With a market cap of over $54 billion, investors pay close attention to this bellwether, following the company’s news and key earnings report [for more agricultural news and analysis subscribe to our free newsletter].
When it comes to commodity stocks, there is perhaps no name more prolific than BHP Billiton Ltd (BHP). The Australian-based natural resource giant has operations across the world and has its hands in everything from iron ore and natural gas to aluminum and diamond mining. And while the company’s over 150-year history is certainly a testament to its success, BHP Billiton has recently fallen out of favor with commodity investors, as concerns over falling revenue have come to the forefront [for more commodity news and analysis subscribe to our free newsletter].