The commodities sector continues to trade range bound with the Bloomberg Commodity Index hovering within a narrow 3.5% range since mid-December. During this period, strong gains in softs and energy have been offsetting losses across industrial metals and not least grains. Markets have struggled for direction, with China’s latest attempt to underpin a struggling economy having a limited impact. Meanwhile, hopes for a ceasefire in Gaza continue to be quashed, adding to continued worries about stability in the Middle East where Iran backed rebels remain highly active across the region – not least in the Red Sea where ... (full story)