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Sat, Jun 1st, 2024

Andrew Hecht

Andrew Hecht

Andrew Hecht is a commodities trader and analyst with over forty years of experience. He began his career at Philipp Brothers, the world's leading merchant physical commodities trading company, in the 1970s through the 1990s. Hecht spent two decades with Philipp Brothers working in the commodities division, Salomon Brothers division, and at Phibro Energy where he ran trading, sales, and marketing in a wide range of commodity products. He subsequently worked with banks, hedge funds, and institutions trading commodities and managing risk. The business took him around the globe to assist producers and consumers. 

Andy has taught at the university level and writes prolifically on commodities for many portals. He has been one of the top-rated and followed contributors at Seeking Alpha and other sites, including Barchart over the past years.

Most Recent Stories

Why Did Natural Gas Rally at the Start of the Offseason for Demand?

The end of the natural gas futures market’s annual withdrawal season, when natural gas begins flowing into storage across the U.S., is typically when prices decline to seasonal lows. However, 2024 is...

NGM24 : 2.493s (-3.75%)
Is the Bottom Near in Crude Oil?

Nearby crude oil prices are hovering around the crucial $80 per barrel level. Despite a bearish trend since the mid-April high, the energy commodity that fuels the global economy has traded in a sideways...

CLM24 : 79.26s (-0.68%)
QAN24 : 81.62s (-0.29%)
Can Platinum and Palladium Recover?

Gold reached a new high in April 2024, and silver rose to nearly $30 per ounce, the highest price since early 2021. Meanwhile, platinum and palladium prices remain under pressure, lagging their precious...

PLN24 : 1,042.0s (+0.39%)
PAM24 : 899.20s (-4.78%)
PPLT : 95.30 (+1.24%)
PALL : 84.14 (-3.84%)
Will the Recovery in Grains Continue?

After reaching highs in 2022, corn, soybean, and wheat prices plunged. The leading grain and oilseed markets feed and increasingly power the world. After reaching bottoms over the past months, prices have...

CORN : 19.90 (-0.90%)
SOYB : 25.27 (-0.08%)
WEAT : 6.32 (+0.16%)
ZSN24 : 1205-0s (-0.39%)
ZCN24 : 446-2s (-0.56%)
ZWN24 : 678-4s (-0.37%)
Bonds and QT: Did the Fed Send a Signal?

Quantitative tightening is the Fed’s process of reducing its balance sheet. After purchasing debt securities during and after the 2020 global pandemic, the U.S. central bank has allowed those purchases...

ZBM24 : 115-30s (+0.43%)
TLT : 90.45 (+0.68%)
How is the Dollar Index Declining Even Though it is Slightly Higher?

The dollar index has edged higher from the level in late February 2024. However, other markets are screaming the dollar index is losing value even though it has posted a slight gain.

$DXY : 104.62 (-0.14%)
GCM24 : 2,322.9s (-0.85%)
UUP : 28.67 (-0.07%)
UDN : 18.05 (+0.07%)
Can the Meats Rally During the Peak Season in 2024?

The annual grilling season, when beef and pork demand tend to peak, begins in a few short weeks at the end of May on the Memorial Day weekend. Cattle prices remain near record highs, and hog futures have...

LEM24 : 181.550s (-0.55%)
GFQ24 : 256.400s (-1.03%)
HEM24 : 94.350s (+0.40%)
Are the Gold and Silver Corrections a Compelling Buying Opportunity?

Gold rose to a new all-time peak, and silver almost reached $30 in April before the leading precious metals corrected. The decline from the recent highs could be another golden opportunity for traders...

GCM24 : 2,322.9s (-0.85%)
SIN24 : 30.440s (-3.47%)
$DXY : 104.62 (-0.14%)
Will World Sugar Futures Find a Bottom?

World sugar futures rose 2.69% in 2023 and were 9.43% higher in Q1 2024. In early Q2, the world sugar futures declined to below 20 cents per pound, the lowest price since early 2023. Given the price action...

CCN24 : 9,331s (+0.80%)
SBN24 : 18.30s (+0.60%)
CANE : 11.34 (+0.67%)
Is Copper Heading for a New Record High?

Copper prices were up over 2% in 2023. In Q1, COMEX copper futures gained 2.99% while the LME forwards moved 3.60% higher. Copper has been off to the races on the upside in early Q2, and it may not be...

HGK24 : 4.8055s (-1.44%)
P0Y00 : 10,040.00s (-0.94%)
HGN24 : 4.6020s (-1.21%)
CPER : 28.42 (-0.59%)

Tweets @Barchart

Barchart
@Barchart
Great chart to sum up Cathie Wood's Ark Invest over the last 2 years 😂 https://t.co/BUlFq8mIQj
Barchart
@Barchart
The Equal Weighted S&P 500 is underperforming the S&P 500 by the largest margin since the Global Financial Crisis https://t.co/w3oekLeJ0k
Barchart
@Barchart
Salesforce $CRM is the most oversold stock in the S&P 500 https://t.co/UuFnR1TXXn
Barchart
@Barchart
Shareholder files lawsuit against Tesla CEO Elon Musk, claiming that he sold $7.5 billion worth of $TSLA shares while having insider knowledge of a production miss https://t.co/3FNnQxvkci
Barchart
@Barchart
BREAKING 🚨: France S&P downgraded France's credit rating for the first time in more than a decade due to its rising budget deficit https://t.co/7IPkLBDRU8 https://t.co/k4vszS9j4v
Barchart
@Barchart
Occidental Petroleum $OXY recaptures its 200D moving average! Warren Buffett celebrating tonight 🥳 https://t.co/0712wxWm3S
Barchart
@Barchart
JUST IN 🚨: President Joe Biden vetoed a crypto bill that would have allowed highly regulated companies to custody Bitcoin $BTC and Crypto https://t.co/etvVjOUOnc https://t.co/RlHYpYOGKC
Barchart
@Barchart
Sell in May and go away? Forget about it. S&P 500 $SPX has traded green 77.8% of the time between April 30-October 31 during Presidential Election years, with data going back all the way to 1950. https://t.co/Guk8RpKDAL
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