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Thu, May 2nd, 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

Will Lumber Find a Bottom?

The recent plummet in lumber prices has been nothing short of a bearish freefall. The looming specter of prolonged high interest rates has led to a surge in mortgage rates, dampening the demand for new...

LBN24 : 534.00 (+0.85%)
ZBM24 : 115-04s (+0.08%)
Can Natural Gas Rebound?

In April 2024, natural gas is in the shoulder season, when heating and cooling demand dramatically declines. Natural gas prices tend to reach seasonal lows during spring and have fallen since the August...

UNG : 14.86 (+5.09%)
NGK24 : 1.614s (-1.47%)
NFK24 : 68.850s (-4.20%)
TGK24 : 27.994s (-3.09%)
What are the Most Bullish Factors for Crude Oil?

After declining in 2023, crude oil prices rallied in Q1 2024 and have edged even higher in the early days of Q2. Crude oil remains the energy commodity that powers the world, and the price prospects over...

USO : 75.93 (unch)
BNO : 31.10 (+0.26%)
CLK24 : 82.85s (-0.35%)
QAM24 : 87.89s (+0.03%)
Is Silver Going to Break Out on the Upside?

Silver approached a test of the $30 per ounce level, the highest price since February 2021. If silver can eventually power through $30, it could be on a path to challenge the 2011 and 1980 highs.

SIK24 : 26.583s (+0.35%)
SLV : 24.36 (+0.37%)
Why is Gold Ignoring Higher Rates and a Stronger Dollar?

Gold is the world’s oldest currency. Historically, rising interest rates and a strong U.S. dollar have been bearish for gold prices. Meanwhile, the traditional trading patterns have not impacted gold...

ZBM24 : 115-04s (+0.08%)
$DXY : 105.35 (-0.34%)
GCM24 : 2,309.6s (-0.06%)
How High Can Cocoa Rise?

The sky has been the limit for cocoa prices in 2024. Crop devastation has led to the highest price in history. Chocoholics worldwide are paying a pretty penny for their chocolate confectionery fix, and...

CCK24 : 8,483s (-7.62%)
HSY : 195.88 (+1.13%)
MDLZ : 70.50 (-0.27%)
NSRGY : 101.0000 (+1.35%)
CCN24 : 7,563s (-8.70%)
CAK24 : 7,144s (-8.50%)
Where are Energy Prices Heading in Q2?

The composite of traditional energy prices rose 5.12% in Q1 after falling 21.85% in 2023. Crude oil and gasoline posted double-digit percentage gains, while natural gas fell nearly 30%. In early Q2, prices...

CLK24 : 82.85s (-0.35%)
QAM24 : 87.89s (+0.03%)
RBK24 : 2.7108s (-1.38%)
HOK24 : 2.5134s (-0.71%)
NGK24 : 1.614s (-1.47%)
LUK24 : 108.00 (+0.84%)
FLK24 : 1.72500s (+1.62%)
Where are Soft Commodity Prices Heading in Q2?

Soft commodities were the best-performing sector of the raw materials market in 2023, with the composite posting a 24.04% gain. The bullish price action continued over the first three months of 2024 as...

CCK24 : 8,483s (-7.62%)
CTK24 : 74.92s (-1.17%)
SBK24 : 19.71s (-2.43%)
KCK24 : 208.65s (-4.75%)
Where are Base Metals Prices Heading in Q2?

The commodity asset class’s base metals sector posted a marginal 0.27% gain in Q1 2023, with tin and copper leading the way on the upside. Three of the six base metals posted gains, while four moved...

Q2Y00 : 30,603.00s (-1.96%)
P8Y00 : 18,879.00s (-1.87%)
HGK24 : 4.4940s (-1.29%)
P0Y00 : 9,895.50s (-0.96%)
P6Y00 : 2,180.00s (-1.67%)
P4Y00 : 2,577.50s (-0.54%)
Q3Y00 : 2,866.12s (-1.66%)
DBB : 20.17 (-0.44%)
Where are Precious Metals Prices Heading in Q2?

Gold and silver prices rallied in Q1 2024, while platinum and palladium declined. Prices are increasing as the precious metals sector heads into the second quarter, with silver reaching a new 2024 peak...

GCM24 : 2,309.6s (-0.06%)
SIK24 : 26.583s (+0.35%)
PLN24 : 962.6s (+0.81%)
PAM24 : 939.10s (-1.00%)

Tweets @Barchart

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Barchart Live for X - May 2, 2024 https://t.co/RaildZ1jv6
Barchart
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Apple $AAPL jumping in after hours after reporting earnings. Dividend raised by a penny along with a $110 billion share buyback program. https://t.co/sjEYBLhsuN
Barchart
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Cloudflare $NET getting punished in after hours https://t.co/DdsiFHVEVj
Barchart
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Barchart will go live today at 4pm CST directly on X. There is no link, so if you're interested, please watch our feed at that time. We'll be discussing: 1) Has the tide turned for Tesla $TSLA? 2) Bitcoin $BTC falls below 60,000 3) Amazon's $AMZN price action https://t.co/9HfaX588q4
Barchart
@Barchart
Rug Pull in Cocoa 🚨 https://t.co/vCMSHjo4nr
Barchart
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Tim Cook during Apple's $AAPL Earnings Call https://t.co/5YQbIGyRZF
Barchart
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Chinese Stocks rally for an 8th consecutive trading day, their longest winning streak since January 2018 https://t.co/UhF4gxcYAh
Barchart
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Bitcoin $BTC ETFs saw a net outflow of $558 million on Wednesday, the largest outflow since inception 🚨 https://t.co/22n8XFToXv
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Today's 4 Stock Market Movers: $DASH $CVNA $QCOM $QRVO https://t.co/aa1W2y8gWC
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