Citigroup

Citi raises corn, soybean, wheat targets as Super El Niño intensifies

Citigroup raised its price targets for corn, soybeans and wheat on Tuesday, citing a strengthening Super El Niño as its highest-conviction agricultural risk heading into late 2026 and early 2027. The move came as corn futures separately surged to a…

Citi lifts gold target to $4,800 as Wall Street eyes $5,000

Citigroup raised its zero-to-three month gold price target to $4,800 per ounce from $4,500 on Monday, according to Reuters, as Wall Street's biggest commodity desks converge on the view that bullion's rally has further to run despite lingering inflation risks.

Citi unveils Custody+ platform, plans Bitcoin custody

Citigroup on Tuesday unveiled Custody+, a new modular platform for near- and real-time custody services, and confirmed it expects to launch Bitcoin custody later this year as the first digital asset supported under the framework.

Citi projects Brent crude falling to $60 by year-end

Citigroup analysts are recommending traders sell into any summer oil price rallies, projecting Brent crude will fall to $60–$65 a barrel by year-end as the geopolitical risk premium built up during the Strait of Hormuz crisis continues to unwind.

Citi cuts bitcoin target to $82K amid record ETF outflows

Citigroup has slashed its 12-month price targets for Bitcoin and Ethereum for the second time this year, lowering its Bitcoin forecast from $112,000 to $82,000 and its Ethereum estimate from $3,175 to $2,240, according to a research note published Monday.…

Citigroup warns El Niño could cost global economy trillions

Citigroup economists warned this week that a rapidly intensifying El Niño event could inflict between $3 trillion and $7 trillion in economic losses over the next five years, with the worst-case "super El Niño" scenario representing 6.4% of global GDP.