Skip to content

JPMorgan Sees Commodities Returning 10% This Summer

  • Tight stocks and low inventories will push prices higher
  • Agricultural commodities will potentially deliver 30%
Thyssenkrupp To Soon Announce Annual Financial Results

Photographer: Sean Gallup/Getty Images 

Updated on

Commodities may deliver breathtaking returns amid tight supplies and low inventories, according to JPMorgan Chase & Co.’s mid-year outlook.

Returns could total 10% by the end of the northern hemisphere summer and 5% by year-end. Volatility will also stay elevated, the report said. Oil may touch $150 per barrel in the short-term, while corn could reach $13 a bushel -- a record price by a long shot.