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.
2,681 total articles
An unusually wet spring followed by hot, humid conditions has triggered a wave of fungal diseases across Canada’s prairies, threatening durum, spring wheat, canola and pulse crops. Farmers across Saskatchewan and Manitoba largely elected to apply fungicide despite tight margins and stretched credit lines, spending between $6 and $20 per acre to pro…
Plans to build a new crude oil pipeline from Iraq to Syria's Mediterranean coast to sidestep disruptions in the Strait of Hormuz will likely require around four years of construction and cost at least $15 billion, according to sources familiar with the project. Although U.S. officials and energy executives have framed the initiative as part of a st…
Oil prices showed little movement in early trade as vessel traffic through the Strait of Hormuz slowed over the weekend and no agreement materialized to end the U.S.-Iran conflict. Brent ticked up modestly while U.S. crude slipped slightly, leaving markets to weigh supply disruption risks against informal routing and other stopgaps.
Ukraine reported that long-range strikes hit a Russian military airfield and the Progress rocket and space centre in Samara, which Kyiv says manufactures rockets for Russia’s Rassvet satellite broadband network. President Volodymyr Zelenskiy said Flamingo cruise missiles were used in the attack roughly 900 km from Ukraine’s border. Russian regional…
Euronext wheat futures climbed on Friday, marking a weekly gain amid renewed worries over grain shipments after military actions in the Black Sea region. Front-month and near-term contracts drew the bulk of the strength, while Chicago futures also advanced as the dollar weakened. Recent strikes and a rejection of a possible Black Sea truce have int…
Chicago Board of Trade wheat futures moved higher on Friday after Ukraine struck a Russian processing complex in the Baltic port of Ust-Luga and Russia dismissed a proposed Black Sea ceasefire. The attack, while not reported to have damaged grain sites, heightened worries about Russian exports already constrained in the Black Sea. Soybeans and corn…
Satellite imagery and on-the-ground video show two distinct oil slicks inside the Gulf near Iran, while a separate, large spill off Oman from a grounded tanker is leaking Russian crude oil in a protected marine area. Authorities and monitoring groups say one Gulf slick likely originated from a damaged dry bulk vessel that was struck earlier in the …
Wildfires across multiple parts of Europe have forced large-scale evacuations, caused injuries and severe property damage, and prompted emergency maritime rescues. Officials reported dozens of injured people and thousands displaced as intense heat and drought fuel fast-moving fires. European climate monitoring services warned of widespread 'very ex…
Oil climbed on Friday and was positioned to record weekly gains after U.S. officials said a naval blockade of Iran could be maintained indefinitely, stoking concerns about disruptions to Middle East supplies. Brent and U.S. crude rose modestly while traffic through the Strait of Hormuz fell below the month's average. At the same time, forecasts fro…
Citi says the environment for gold is turning more favourable as U.S. front-end yields roll over and exchange-traded fund flows have increased since mid-July. Nevertheless, the bank is refraining from adding exposure after a swift run-up in prices and is waiting for consolidation. Citi also notes that gold remains near its short-term strategists' t…
This week’s softer-than-feared U.S. consumer and producer inflation readings tempered a recent rise in Treasury yields and reduced near-term odds of a Federal Reserve rate increase. Healthy demand at large debt auctions and a retreat in yields supported equities, which were buoyed further by strong AI-related corporate results. However, high auctio…
Russia dismissed a proposed moratorium on military operations in the Black Sea, with Foreign Ministry spokeswoman Maria Zakharova saying there are no grounds for partial measures that would provide a temporary reprieve for Kyiv. The exchange follows recent escalations in assaults on commercial vessels by both Russia and Ukraine and an attempt by Tu…
Oil prices nudged higher after the United States said it could keep a naval blockade of Iran in place indefinitely, reviving concerns about crude supply even as demand forecasts were trimmed and U.S. inventories climbed. Brent and WTI posted small gains after a previous session's falls, while geopolitical actions in the Strait of Hormuz and comment…
Gold eased on Friday after reversing from a 10-week peak, as markets digested cooler U.S. inflation data that reduced near-term Fed tightening odds while geopolitical negotiations over the Strait of Hormuz kept energy-related inflation risks alive. Prices remain set for a second consecutive weekly gain despite profit-taking and technical resistance…
A White House report led by trade adviser Peter Navarro estimates the United States forfeits roughly $19 billion to $26 billion a year in import duties on goods largely originating in China but routed through third countries to evade tariffs. The document highlights about 40 nations at elevated risk of illegal transshipment, singles out India as a …
Higher fuel costs linked to the Iran war have driven a sharp rise in Chinese exports of electric heavy trucks to Asian markets, while China’s own rapid adoption of e-trucks cushions domestic freight operators from the conflict’s impact. Manufacturers and analysts say elevated diesel prices have opened new markets across South and Southeast Asia, su…
Alaska Governor Mike Dunleavy said he was "deeply disappointed" after state lawmakers did not reconvene to consider a tax change required to move forward with the Alaska LNG pipeline and export terminal, a $50 billion project intended to supply Asian markets and increase domestic gas access. Lawmakers cited insufficient support for the measure, and…
A source familiar with the matter said Ukraine has offered Russia a pause in strikes on civilian targets in the Black Sea, conveyed through a third party and awaiting a reply. The proposal arrives amid mutual accusations over intensified attacks on vessels and ports and growing concerns about global food supplies. Market responses were mixed and Uk…
A Wood Mackenzie report identifies three interlocking economic forces that could materially increase global electric vehicle (EV) production and alter markets for oil, electricity and key metals. The drivers are: oil supply shocks linked to conflicts involving major petroleum producers, sustained high fuel prices encouraging consumer switching to E…
Defense Secretary Pete Hegseth told reporters in Panama that the U.S. military has sufficient assets to keep a naval blockade of Iran in place indefinitely by rotating ships into and out of the region. His remarks follow U.S. and allied strikes earlier this year, Tehran's effective shutdown of the Strait of Hormuz, and U.S. actions to redirect or d…
The Baltic Exchange's main dry bulk freight index declined for a fourth consecutive session on Thursday, led by falls in capesize and panamax rates. The overall index dropped 95 points to 2,844 after reaching a recent high last week. Capesize earnings fell sharply, while panamax eased following a long winning run; supramax showed a modest uptick. I…
The Antwerp World Diamond Centre (AWDC) has denied any connection between a luxury ring presented as a diplomatic gift and a subsequent U.S. tariff exemption for European natural diamonds, after two Democratic senators sought answers and warned of possible legal issues under U.S. federal bribery law.
With the US-Iran war continuing and supply cuts mounting, global oil inventories offer limited clarity on how long markets could be shielded from a prolonged disruption. Agencies and consultancies cite large headline stockpiles, but the volume that can actually be tapped is smaller and vulnerable, particularly for diesel and jet fuel. Key uncertain…
July's consumer price readings provided modest relief to markets concerned about an upside inflation surprise. Annual headline and core inflation eased as expected, though the monthly core reading was slightly firmer than forecasts. Markets pared the probability of a Federal Reserve rate increase next month to just under 50%, but attention now shif…
Venezuela, still recovering from twin earthquakes that killed more than 6,000 people less than two months ago, has been urged by authorities to conserve electricity and water as El Niño conditions are said to be arriving. The plea has heightened public concern and sparked protests in areas suffering prolonged daily blackouts, intermittent water sup…
