This is a China news story, published by CNBC, that relates primarily to ICE news.
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commodity marketsCNBC
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92% Informative
The S&P GSCI, a benchmark for the overall commodity market's performance, rose as much as 12% in April from the start of the year , before tapering off to a 2.18% climb year-to-date .
Orange juice futures surged to a record in May and is currently hovering around historically high levels of $ 4.49 per pound on ICE .
Cocoa futures soared to an all-time high of $ 11,722 per metric ton in April amid a bean shortage.
The benchmark 62%-grade iron ore last traded at $ 98.10 per ton on the New York Mercantile Exchange for the contract expiring Aug. 30 .
Wheat, corn, and soybeans also saw significant slumps on what appears to be a bumper crop year.
Continued weak demand from China will cap price growth across most commodities, with industrial metals expected to lose out further.
VR Score
96
Informative language
97
Neutral language
70
Article tone
formal
Language
English
Language complexity
52
Offensive language
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
11
Source diversity
11
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