Price predictions and 5 key charts (tables)

The publication period of corporate results is in full swing, with the oil companies Exxon Mobil Corp., Chevron Corp. and TotalEnergies SE are expected to announce first-quarter results this week. The heavy machinery company Caterpillar Inc. also announces results that could shed light on the dynamics of the mining and construction industries.

Here are five charts that analysts will rely on in their updated estimates for the global market goods this week, according to the Bloomberg:

Oil

The rise in production by the oil majors will be in focus this quarter, as earnings are stabilizing and shareholders are looking for the industry’s next growth driver.

Adjusted net profit for the five largest oil groups is expected to come in at $28.4 billion for the first quarter, similar to the prior period, as higher refining margins offset lower prices oil and limited profits from the natural gas industry.

Exxon, Chevron and the European TotalEnergies announce results on Friday, followed by Shell Plc and the BP Plc in early May.

Silver

The silver has started strongly this year, rising more than 20%, as the precious metal the gold rally follows. The price of silver has approached levels not seen since early 2021 and is within touching distance of $30 per ounce.

The increase of silver for industrial use, especially from technologies renewable energy sourcessuch as solar panels, combined with the ongoing supply shortfall will further support prices going forward, according to the Silver Institute.

This may prompt investors to essentially return to exchange-traded funds (ETF) which bet on silver, contributing to the further increase in the prices of the metal.

Corn

All eyes are on the size of the Brazilian crop. The total supply coming from the world’s largest exporter will directly affect American competitiveness.

While the size of the Brazilian crop is not yet known, the U.S. Department of Agriculture is predicting a much larger harvest than Brazil’s National Supply Company, known as Conab. A strong harvest could help the South American nation maintain its ranking as a top exporter of corn.

LNG

Europe’s demand for liquefied natural gaswhich rose dramatically during the energy crisis, will likely peak this year, according to the ACER, the EU energy regulatory authority. The message is reassuring for European Union leaders, who have found themselves scrambling for natural gas after theRussia’s invasion of Ukraine.

This also means that the US decision to halt new LNG export projects will not be felt as strongly as many have argued.

Now the E.U. it just needs to find a way to stop the last remaining Russian imports of liquefied fuel. It should be noted that the European bloc is the largest importer liquefied natural gas.

Mining and construction

THE Caterpillar, whose familiar yellow machines are found in mines and construction sites around the world, is expected to announce its corporate results on Thursday. Investors will watch for details on orders and inventories from the US “company-barometer’, whose figures offer insight into the course of the industries that support the global economy.

Of key interest will be how Caterpillar dealer sales fare in a cyclical market where demand and economic growth moderate, as well as whether sales momentum in North America continues to offset weakness in other areas.

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