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Andrew Hecht

Sat, Apr 27th, 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

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 : 80.39 (-0.06%)
BNO : 32.73 (+0.15%)
CLK24 : 82.85s (-0.35%)
QAM24 : 89.50s (+0.55%)
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 : 27.252s (-0.37%)
SLV : 24.89 (-0.68%)
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 : 113-27s (+0.47%)
$DXY : 106.09 (+0.46%)
GCM24 : 2,347.2s (+0.20%)
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 : 10,729s (-2.36%)
HSY : 186.16 (-0.53%)
MDLZ : 70.61 (-0.27%)
NSRGY : 101.3400 (-0.09%)
CCN24 : 10,594s (-1.94%)
CAK24 : 9,444s (-1.80%)
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 : 89.50s (+0.55%)
RBK24 : 2.7646s (+0.23%)
HOK24 : 2.5482s (-0.09%)
NGK24 : 1.614s (-1.47%)
LUK24 : 106.25s (-5.01%)
FLK24 : 1.70750s (-0.15%)
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 : 10,729s (-2.36%)
CTK24 : 79.40s (-0.23%)
SBK24 : 19.40s (-0.41%)
KCK24 : 230.60s (-0.58%)
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 : 32,411.00s (-1.40%)
P8Y00 : 19,100.00s (-0.30%)
HGK24 : 4.5640s (+1.03%)
P0Y00 : 9,965.50s (+1.02%)
P6Y00 : 2,207.50s (unch)
P4Y00 : 2,569.50s (+0.23%)
Q3Y00 : 2,832.39s (-0.11%)
DBB : 20.24 (+0.10%)
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 : 2,347.2s (+0.20%)
SIK24 : 27.252s (-0.37%)
PLN24 : 922.1s (+0.17%)
PAM24 : 958.30s (-2.41%)
Where are Grain Prices Heading in Q2?

The gain sector of the commodities market moved lower in Q1, with the composite of soybeans, corn, wheat, oats, and rough rice leading the commodities asset class on the downside. After reaching multi-year...

ZCK24 : 440-0s (-0.23%)
ZSK24 : 1159-4s (-0.28%)
ZWK24 : 603-2s (+0.17%)
CORN : 20.04 (-0.60%)
WEAT : 5.85 (+0.52%)
SOYB : 24.96 (-0.02%)
Where are Meat Prices Heading in Q2?

The animal protein sector of the commodities market moved higher in Q1, with gains in cattle and hog futures. As we head into the second quarter of 2024, the peak demand grilling season will begin in late...

LEM24 : 178.575s (+0.44%)
FCK24 : 252.625s (-0.45%)
HEK24 : 94.275s (-1.05%)

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Is there a mercy rule for the Japanese Yen? Complete Collapse! https://t.co/Iz7SWML2NT
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TikTok creators fear for their livelihoods after Congress passes bill that could result in a ban https://t.co/c0fhOg3czY
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BREAKING 🚨: Boeing All three major credit ratings agencies have lowered their outlook on $BA to just above junk - ouch! https://t.co/dEu8QJrXJ5 https://t.co/VGsqOv3P69
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Foreign Buying of Chinese Stocks hit 22.4 billion yuan ($3 Billion) on Friday, the highest amount in history 🚨 https://t.co/X1AoH5usE1
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Stock Market hits highest market concentration since the Great Depression 🚨 Probably Fine https://t.co/wBILUAl2cX
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Top 1% of U.S. earners now have more wealth than the entire middle class https://t.co/zYJohTGMk1
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Apple $AAPL has now closed below its 200D moving average for 11 consecutive weeks https://t.co/vRwTbz7255 https://t.co/B9c3DdLJPn
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JUST IN 🚨: U.S. Regulators seize Republic First Bancorp based out of Philadelphia. Janet Yellen: "Our Banking System is Sound!" 😂 https://t.co/0YOnBJXUQ7 https://t.co/GtTgkzrpih
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