Daily & weekly commodity pricing
A simplified view of commodity Futures
A personalised hub of information
Enhanced forecasting with AI
Easy-to-use, integrated pricing models
An unbiased view on local & global markets
Access data on the go with the Vesper App
Set yourself up for success by scheduling a strategy demo with one of our experts.
Find out how Vesper can help you with more than 1900+ products
From raw milk and cheeses, to high-protein whey and more
From vegetable oil and animal fats to oleochemicals, feedstocks and more
From white sugar and crystal sugar to hydrous ethanol and more
From corn flour, wheats and oats to barley, rice and more
From beef, veal and chicken to wild boar, eggs, and more
From boxboard and paper waste to tin, aluminium and more
Set yourself up for success by scheduling a strategy demo with one of our experts.
Industry news & Vesper highlights
Learn how Vesper is transforming the industry
Stay informed with Vesper updates
Get to know everything about commodities
Get your hands on valuable whitepapers
Try free versions of our commodity calculators
Join industry tailored Whatsapp groups
Join our bi-weekly webinars
Expert insights on commodities.
Get your hands on the latest marketprices for a range of products including:
We're building the most user-friendly commodity intelligence platform
Get to know the people leading the way at vesper
Get in touch to discuss how Vesper can help you and your team
View our vacancies and join the team
Discover how you can become an official partner of Vesper
Join one of the fastest growing commodity tools in the market.
Commodity intelligence is the practice of gathering, analysing, and interpreting data related to commodities. These commodities include raw materials such as dairy, vegetable oils, sugar, metals, energy products, and more. The aim is to provide actionable insights that can influence trading decisions, production planning, and strategic business moves. This field combines market analysis, historical data, price forecasting, fundamental data, technical analysis, news updates and more to offer a comprehensive view of the commodity markets.
Commodity intelligence encompasses several key areas:
To illustrate, let’s consider the dairy market. A commodity intelligence platform like Vesper would provide:
Such comprehensive data can be invaluable for dairy producers, distributors, and retailers in making strategic decisions.
See here an example of a line chart showing historical price trends of butter:
(Source: Vesper)
Modern commodity intelligence platforms leverage advanced technologies to provide more accurate and timely information. Here’s how technology plays a crucial role:
Platforms like Vesper collect data from multiple sources, including market reports, trade publications, government releases, and proprietary data feeds. Advanced algorithms and machine learning models process this data to ensure accuracy and relevance.
Predictive analytics involves using statistical models and machine learning to forecast future commodity prices. This helps businesses anticipate market changes and plan accordingly.
Visualisation tools present complex data in an easily understandable format. Charts, graphs, and heat maps can highlight trends and patterns that might not be evident in raw data.
In the vegetable oils market, for instance, a commodity intelligence platform would provide:
Let’s illustrate with a screenshot how commodity intelligence can help you with for example monitoring production volumes of palm oil in Malaysia.
(Source: Vesper)
Commodity intelligence offers numerous benefits for businesses involved in commodity trading, production, and distribution. These include:
With access to accurate and timely data, businesses can make better-informed decisions. For example, a sugar manufacturer might decide to hedge against future price increases based on forecasted data.
Understanding market trends and potential risks allows businesses to develop strategies to mitigate those risks. This could involve diversifying suppliers, adjusting production schedules, or securing long-term contracts.
Having a deep understanding of the commodity markets can provide a competitive edge. Businesses can anticipate market shifts, respond quickly to changes, and capitalise on emerging opportunities.
Consider the sugar market. A commodity intelligence platform would offer:
To demonstrate the real-life application of commodity intelligence, let’s look at a case study involving a global food manufacturer.
A global food manufacturer was facing volatility in the prices of vegetable oils, which are critical ingredients in their products. Frequent price fluctuations were impacting their production costs and profit margins.
The manufacturer subscribed to a commodity intelligence platform like Vesper. By utilising the platform’s features, they were able to:
With the insights provided by the commodity intelligence platform, the manufacturer was able to stabilise their production costs, improve profit margins, and gain a competitive advantage in the market.
For businesses looking to integrate commodity intelligence into their operations, the following steps can be helpful:
A retail business focusing on food products might integrate commodity intelligence as follows:
Commodity intelligence is an essential tool for businesses involved in the commodity markets. By providing comprehensive data and actionable insights, it helps businesses make informed decisions, manage risks, and gain a competitive edge. Platforms like Vesper exemplify the power of commodity intelligence, offering users access to real-time prices, historical data, forecasts, and expert analysis. By integrating commodity intelligence into their operations, businesses can navigate the complexities of the commodity markets more effectively and achieve better outcomes.
Quickly navigate this page
Was this information useful?
Share: