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Andrew Hecht

Tue, May 7th, 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

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 : 4.5880 (-0.81%)
P0Y00 : 10,029.50s (+1.21%)
HGN24 : 4.5665 (-0.85%)
CPER : 28.61 (-0.31%)
Bitcoin Stalls- Are Higher Highs on the Horizon?

Bitcoin has only ventured under the $60,000 per token level a few times since early March, as the price consolidated after making a new record peak. Bitcoin is the leading cryptocurrency, and the spot...

^BTCUSD : 62,706.65 (-0.51%)
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 : 538.00s (-0.74%)
ZBM24 : 116-19 (-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 : 16.17 (+0.68%)
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 : 75.50 (-0.21%)
BNO : 30.94 (-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 : 27.303s (-0.24%)
SLV : 24.92 (-0.60%)
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 : 116-19 (-0.08%)
$DXY : 105.54 (+0.11%)
GCM24 : 2,324.3 (unch)
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 : 9,593s (+11.92%)
HSY : 198.16 (+0.85%)
MDLZ : 70.89 (+1.37%)
NSRGY : 101.2000 (+0.60%)
CCN24 : 8,610s (+13.47%)
CAK24 : 7,999s (+7.18%)
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 : 109.25s (-0.09%)
FLK24 : 1.75500s (+0.72%)
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 : 9,593s (+11.92%)
CTK24 : 77.00s (+0.57%)
SBK24 : 19.71s (-2.43%)
KCK24 : 199.00s (-0.85%)

Tweets @Barchart

Barchart
@Barchart
Interest Rates will stay high for an extended period and rate hikes are not off the table cautions Minneapolis Fed President Neel Kashkari https://t.co/wCpQEYXx19
Barchart
@Barchart
Commodities are the most correlated with stocks since AT LEAST 1980 🚨 https://t.co/Ajj1udM0aM
Barchart
@Barchart
Goldman Sachs says panic has left the market. CNN says the market is fearful. Who are we going with? https://t.co/fosGsNGn2j https://t.co/KAj6eH4q9O
Barchart
@Barchart
An economic crash is coming if the Federal Reserve delays rate cuts, warns State Street. Less than a month ago, State Street said the Fed would begin cutting in June and ultimately cut rates by 150bps this year. State Street seems to really want rate cuts 🤔 https://t.co/GOmXcV1cQJ
Barchart
@Barchart
Dow Jones Industrials has now traded green for 5 consecutive trading days, its longest winning streak since December https://t.co/siAmYePNxf
Barchart
@Barchart
Cocoa Posts Biggest Gain Since AT LEAST 1980 🚨 Here we go again! Cocoa soared 13.47%, its largest gain in AT LEAST 44 years https://t.co/G1mDeS79h0 https://t.co/IBwrp4Httu
Barchart
@Barchart
Stanley Druckenmiller says that Powell should say less and stop going on 60 Minutes because he’s no rockstar 😂 https://t.co/bpjLde6YtH
Barchart
@Barchart
S&P 500 Presidential Election 3-Month Seasonality 🚨 The S&P 500 $SPX has generated average returns of 7.27% during June-August of Presidential Election years with data going back to 1928 https://t.co/OAIumvd829 https://t.co/RIoN1Xsp2D
Barchart
@Barchart
Tesla Insider Trading Alert 🚨 Tesla Chair Robyn Denholm sold $17.3 million worth of $TSLA shares on Monday and has now sold more than $50 million worth so far this year https://t.co/kU6JVDHeML https://t.co/BNCkeof73B
Barchart
@Barchart
Stanley Druckenmiller cuts his Nvidia $NVDA position and says "we've had a hell of a run." He also cautions that AI might be getting overhyped. 👀 https://t.co/pTtHGO0azg
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