Price movements and fundamentals across major commodities.
Analysis and reporting on commodities such as oil, natural gas, gold, industrial metals, and agricultural products. Focuses on supply-demand dynamics, geopolitical risks, inventory trends, and macro drivers affecting commodity markets.
2,520 total articles
The U.S. Energy Information Administration warns that several Middle East producers are unlikely to restore production to pre-conflict volumes by the end of 2027, even if trade patterns begin normalizing early next year. Significant shut-ins, constrained flows through the Strait of Hormuz and a widening supply deficit have forced the agency to revi…
U.S. long-term Treasury yields climbed as oil prices surged and geopolitical talks over the Strait of Hormuz showed little immediate progress. The 30-year Treasury yield neared a two-decade high while the yen weakened past 159 per dollar, raising fresh concerns about market stability as investors await a major U.S. inflation report and a busy slate…
Near-record global grain stocks, advances in crop genetics and farming technologies, and the rise of major exporters such as Brazil and Russia are reinforcing the resilience of the global food system as a strong El Nino intensifies. While dryness has already disrupted planting across parts of Asia and Australia, plentiful stocks and structural gain…
Soybean futures on the Chicago Board of Trade closed modestly higher on Monday as market participants adjusted positions ahead of a U.S. Department of Agriculture supply and demand report due Wednesday. New-crop November soybeans rose 3-1/4 cents to $11.79-1/2 per bushel. Analysts polled by Reuters anticipate lower U.S. soybean ending stocks for 20…
The U.S. Department of Agriculture announced that a Texas facility to breed sterile flies for screwworm control will open in spring 2027, earlier than its previous end-of-next-year target. The facility will initially add 100 million sterile flies per week by the end of 2027 and scale to as many as 300 million per week by the end of 2028, supplement…
Silver spot in U.S. dollars jumped 3.3% to $65.69 per ounce as markets reacted to an unexpected July nonfarm payroll decline. The payroll miss cut the market-implied chance of a September Fed rate increase, weakening the dollar and Treasury yields and bolstering demand for non-yielding precious metals. Strength in gold, stronger Chinese imports of …
Northwest European gasoline refining margins rose by almost $3.50 on Monday to reach $35.52 per barrel, supported by active barge trading and a backdrop of geopolitical disruptions that lifted oil prices by about 3%. Several refinery and shipping incidents, along with demands tied to the Strait of Hormuz, contributed to market tightness.
The Baltic Exchange's main dry bulk freight index slipped modestly on Monday, weighed down by a drop in capesize rates that offset gains in the panamax sector. While the overall index fell 6 points to 3,083, panamax measures pushed to their strongest level in over two months even as capesize average daily earnings declined.
A surprising drop in July payrolls failed to trigger a decisive move in interest rate markets, where investors still place roughly even odds on a Federal Reserve rate increase next month. That restraint reflected a mix of factors including a fall in the unemployment rate, higher oil prices, fresh political pressure on a Fed governor, heavy Treasury…
European natural gas benchmarks climbed on Monday as lingering questions over transit arrangements in the Strait of Hormuz offset tentative diplomatic progress. Front-month Dutch TTF futures and U.K. wholesale contracts recovered part of last week’s declines amid continued doubts over the immediate resumption of Persian Gulf LNG traffic. The dynami…
Crude Oil WTI is trading in a tight consolidation around $78.27 on the five-hour chart, forming a bear flag that favors a downside resolution but is challenged by short-term bullish momentum. Key resistance sits between $79.50 and $80.50, while a break below $75.00 would confirm a bearish continuation. Traders are watching for a decisive 5-hour clo…
Copper trades at $6.639 on the 5-hour chart and is testing a critical support region at $6.58 after a rejection from recent highs. Short-term technical signals have shifted bearish - including a bearish engulfing candle at $6.8665, weakening MACD and cooling RSI - but significant support from the SuperTrend, Ichimoku cloud and the 50 SMA at $6.53 r…
Gold remained broadly steady after climbing to a seven-week high in the prior session, as investors balanced persistent Middle East uncertainty against weakening odds of a September U.S. interest-rate increase following softer-than-expected U.S. labour-market data. Markets now await U.S. consumer and producer inflation readings that could further i…
Oil prices climbed on Monday as ambiguity over reopening the Strait of Hormuz sustained worries about Middle East supply, and recent attacks claimed by Iran-backed Houthi militants against Saudi energy targets heightened geopolitical risk. Brent and WTI both advanced, with Brent up about 1.1% at $84.45 a barrel and WTI gaining 1.2% to $78.18 a barr…
Reports that a deal to reopen the Strait of Hormuz may be "imminent" have prompted macroeconomic forecasters at Capital Economics to outline five principal variables to watch. The firm says tanker movements, the speed at which Gulf energy production returns, the status of commercial oil stocks and strategic reserves, shifting demand patterns in Chi…
Iran and Oman are reportedly close to finalizing an agreement on a new shipping route through the Strait of Hormuz, but Tehran says reopening the waterway will depend on broader conditions, including concessions from Washington. U.S. officials say a deal could trigger the lifting of a blockade on Iranian ports, while the United Arab Emirates report…
Canadian and U.S. officials are engaged in daily discussions over a potential arrangement in which Canada would address a set of trade demands from the Trump administration in return for Washington dropping a threatened 50% tariff scheduled to take effect on August 19. Proposed Canadian moves reportedly include removing tariffs on U.S. autos, agree…
The U.S. Senate approved David Cummins, a senior vice president at Serco, to lead the Transportation Security Administration on a 51-47 vote. The confirmation comes as the administration presses plans to reduce TSA staffing and require smaller airports to adopt private security screeners, an approach that has already attracted interest from a numbe…
Gold has pushed above $4,250/oz for the first time since June, exiting a prolonged $4,000–$4,100/oz trading band. UBS strategists have reiterated their projection that gold will climb to $5,000/oz by the first half of 2027, citing Chinese institutional purchases, ETF inflows and three structural support pillars - falling real yields as policy eases…
Gold surged on Friday, with both spot and futures contracts marking their highest levels since early June and tracking toward weekly gains exceeding 7%, after U.S. July jobs data lowered the odds of a near-term Federal Reserve rate increase. A weaker dollar, sliding oil prices amid Middle East tensions, and downward revisions to prior payrolls adde…
Oil futures extended gains in Asian trade after reports that Iran is considering legislation to bar U.S. and Israeli-affiliated vessels from the Strait of Hormuz and following statements by the Islamic Revolutionary Guard Corps that it struck hostile targets in the waterway. Additional regional attacks and a major refinery fire in Russia heightened…
The Mexican Hass Avocado Association told members that a temporary halt in operations tied to a suspension of U.S. inspections in Michoacan is not expected to significantly disrupt short-term U.S. supply, citing existing inventory and product already moving through the supply chain. However, the group and official data note that a prolonged inspect…
Euronext December wheat prices retreated on Thursday as ample global supplies eased worries about war-related interruptions to Black Sea exports. The contract fell 1.7% to €227.75 ($262.23) per metric ton by 1623 GMT, reversing gains from Wednesday and tracking a drop in Chicago futures. Traders pointed to large fund long positions that leave the m…
Speaking in Saguenay, Prime Minister Mark Carney said Canada is defending domestic workers and businesses as talks continue in Washington over a review of the U.S.-Mexico-Canada trade pact. His comments came after U.S. President Donald Trump called Canada "nasty" and attacked its leadership, while threatening further tariffs unless concessions are …
Iran has warned Gulf governments that it would retaliate against U.S. strikes by targeting oil, power, water and other strategic infrastructure across the Gulf unless those governments use their influence on the United States to push for negotiations and an end to U.S. military action. The message was carried in a series of diplomatic contacts foll…
