July 10, 2026 2:23 pm
Key Moments Spot gold declined about 0.6% to $4,100.34 an ounce, with futures down 0.8% to $4,108.90/oz by 09:46 ET (13:46 GMT). Spot gold was trading roughly 2% lower for the week as higher oil prices and U.S.-Iran tensions weighed on sentiment. Spot silver dropped more than 4% for the week, while spot platinum limited […]
Read moreJuly 10, 2026 1:12 pm
Key Moments Winter wheat futures are posting double-digit gains, with spring wheat higher by a nickel in Friday morning trade. USDA reported 313,103 MT of 2026/27 weekly wheat export sales, still 45.86% below the same week a year earlier despite a week-over-week rebound. Analysts surveyed by Bloomberg expect Friday’s USDA updates to show lower US […]
Read moreJuly 10, 2026 1:07 pm
Key Moments Corn futures began Friday with July up 1 3/4 cents while other front months traded fractionally lower after a weaker Thursday close. USDA reported old crop weekly corn export bookings of 565,810 MT for the week of 7/2, the second lowest total of the marketing year. Analysts surveyed by Bloomberg expected USDA’s WASDE […]
Read moreJuly 10, 2026 12:50 pm
Key Moments The IEA expects global oil demand to fall by 1 million barrels per day this year versus last year, the first annual decline since 2020. Disruptions linked to the Israel-Iran conflict and the closure of the Strait of Hormuz have sharply constrained Persian Gulf exports. The IEA has cut its Russian supply outlook […]
Read moreJuly 10, 2026 10:43 am
Key Moments Front-month Dutch gas futures dropped 2.3% to 48.97 euros per MWh, paring gains after a sharp rise earlier in the week. Satellite and ship-broker data showed multiple Qatari LNG cargoes passing through the Strait of Hormuz without disruption. European gas storage levels remained above typical July norms, helping cushion markets from Middle East-related […]
Read moreJuly 10, 2026 9:24 am
Key Moments London cocoa futures jumped twelve percent to £4,222 a tonne and New York contracts climbed thirteen percent to $5,694 a tonne, marking an eight-month high. Ecuador’s cocoa and derivatives export revenues from January to April fell to $668m from $1.623bn a year earlier, a decline of fifty-nine percent. Export volumes dropped sixteen percent […]
Read moreJuly 10, 2026 8:07 am
Key Moments Brent crude briefly moved above $80/bbl before retreating to about $76/bbl, giving back more than half of an approximately $8 rally. Traffic through the Strait of Hormuz reportedly remained at around 24% of pre-war levels, despite a nominal ceasefire between the US and Iran. War insurance rates for ships in the Gulf rose […]
Read moreJuly 10, 2026 7:59 am
Key Moments Silver (XAG/USD) trades 0.4% higher near $60.22 during Friday’s European session. The US Dollar Index (DXY) slips 0.17% to around 100.76, after touching a three-week low near 100.60. Market participants look ahead to next week’s release of US June Consumer Price Index (CPI) data. Silver Price Supported by Weaker Dollar and Oil Pullback […]
Read moreJuly 10, 2026 7:05 am
Key Moments Gold (XAU/USD) comes under fresh selling pressure in Asia, failing to build on the prior session’s advance. FOMC Minutes and FedWatch data point to a divided Fed but maintain nearly 85% odds of at least one rate hike by year-end. US-Iran tensions and subsequent diplomatic signals unsettle markets, leaving Gold on track for […]
Read moreJuly 10, 2026 5:55 am
Key Moments WTI trades around $71.75 during the Asian session, stabilizing after the prior day’s decline. Renewed US-Iran military exchanges support a geopolitical risk premium in crude prices. A larger-than-expected 2.998 million barrel US inventory build and an OPEC+ production hike limit upside. WTI Steadies After Recent Selloff West Texas Intermediate (WTI), the primary US […]
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