Commodities September 2018

Trade dispute weighs on the markets.

Due to the trade conflict with the USA, China is reducing imports of soya. It is expected that China will import over ten million metric tons less. In the port of Nantong, animal feed made from Brazilian soy is unloaded at the beginning of August. XU CONGJUN KEYSTONE/MAXPPP

As in previous months, uncertainty about a potential escalation of the trade dispute between the United States and China in particular in the commodity markets weighed heavily in August. Dr. David-Michael Lincke, Head of Portfolio, gives his insights on the latest commodities evolutions.