Think the global commodity markets have fully priced in prospects for higher U.S. interest rates this year? Think again, says Citigroup Inc., which says keep an eye out for payrolls numbers due next month and prospects for an even stronger dollar. “We’re fast approaching December: we very much expect the first rate hike to take place at that point,” Ivan Szpakowski, a commodities strategist at Citigroup, told a conference in Shanghai in Thursday. “We think the market is already pricing that to some degree for sure. It’s pricing it in also to a degree. But not the full extent, not to 100 percent.” Commodities have sunk to the lowest level in 16 years as investors grapple with the prospects for the first increase in U.S. borrowing costs since 2006, a slowing Chinese economy and surpluses of everything from oil and iron ore to aluminum. Minutes of Federal Reserve meeting […]