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
Two recent foodborne illness outbreaks linked to products from Taylor Farms have focused attention on the challenges U.S. regulators face in ensuring the safety of a growing volume of produce imported from Mexico. A salmonella outbreak tied to jalapenos and a large cyclosporiasis outbreak traced to iceberg lettuce have sickened thousands, prompting…
Russian strikes hit the port of Izmail on the Danube, damaging infrastructure, causing a fire and knocking out power in part of the city. The strike follows Ukraine's own attack on Novorossiysk. President Volodymyr Zelenskiy renewed his call for a share of U.S. Patriot missiles, saying a small percentage of the U.S. stockpile would help defend agai…
Iran's Basij paramilitary commander, Hossein Taeb, stated that the Strait of Hormuz is under the Islamic Republic's management and control. His comments follow a public post by U.S. President Donald Trump saying the United States had "total control" of the waterway. Taeb said the United States had attempted to undermine Iran's regional standing by …
Oil prices moved lower in Asian trade as fresh downward revisions to future demand from OPEC and the IEA outweighed persistent concern about potential supply disruptions in West Asia. Market participants also digested a large surprise build in U.S. commercial crude stocks alongside signs of shrinking strategic reserves.
Global benchmark crude prices fell more than $1 on Thursday after major forecasters reduced demand growth projections for 2026 and agencies revised near-term consumption estimates downward, even as supply threats linked to the U.S.-Israeli war on Iran and attacks on shipping routes continue to support prices.
Corn futures on the Chicago Board of Trade rose after the U.S. Department of Agriculture cut its forecast for end-of-season U.S. corn stocks, citing stronger exports and a smaller opening supply. Soybean and wheat prices also firmed, with wheat boosted by reported attacks on grain infrastructure in a major Russian export port.
A senior Iranian official says there have been no negotiations to prolong an interim ceasefire with the United States because Tehran views the agreement as having had no defined start date. The comment follows external reports that Tehran and Washington had agreed to extend a 60-day window under the June interim deal. Mediators are said to be discu…
Citi analysts reaffirmed their silver price objectives, keeping targets at $75 an ounce for the next 0-3 months and $90 an ounce for 6-12 months versus a spot price of $65. The bank expects investment demand to reassert itself as industrial offtake softens, with several catalysts potentially supporting higher prices including a resolution in the St…
Ukraine has paused strikes on oil tankers that use Russia’s Novorossiysk port following a request from U.S. Vice President JD Vance, according to reporting that cites Ukrainian officials. The pause covers non-Russian vessels not under Ukrainian sanctions and those not carrying Russian oil, a concession made amid U.S. concerns that the attacks were …
A three-judge panel of the 5th U.S. Circuit Court of Appeals vacated a Department of Energy regulation that set efficiency standards for consumer gas and electric stoves and ovens, concluding the agency improperly used a direct final rule to avoid notice-and-comment procedures. The decision sided with seven Republican-led states that had challenged…
Chicago Board of Trade soybean futures fell on Tuesday as market participants adjusted positions ahead of a U.S. Department of Agriculture supply and demand report due Wednesday. Analysts noted recent rainfall and cooler temperatures have aided recovery of the U.S. Midwest soybean crop after July's heat and dryness. A Reuters survey expects the USD…
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…
