As the 2023 hourglass runs out, it’s time to reflect on what kind of year it has been for commodities: a pretty mixed bag filled with good, bad and surprises. Aside from economic growth and demand concerns weighing on energy and industrial metals, diverging weather developments played an important role, leading to some of the best, but also worst performances. The year began on an optimistic note with focus on China’s reopening after months of Covid-related lockdowns sending the market off to a good start. But it wasn’t all bliss as markets grew increasingly worried about the risk of an economic fallout from ... (full story)