July 9, 2026 2:03 pm
Key Moments Chicago SRW wheat contracts finished Wednesday lower by 7 3/4 to 10 3/4 cents, with open interest rising by 3,221 contracts. Analysts are watching for USDA weekly export sales between 250,000 and 600,000 MT for 2026/27 wheat in the week of July 2. SovEcon cut its 2026/27 wheat production outlook by 0.2 MMT […]
Read moreJuly 9, 2026 1:50 pm
Key Moments Corn futures extended their pullback early Thursday, trading 2 to 4 cents lower after Wednesday’s 3 to 8 3/4 cent declines. EIA reported weekly ethanol production at 1.093 million barrels per day for the week of July 3, while ethanol stocks fell to 23.928 million barrels. Analysts surveyed by Bloomberg expected Friday’s WASDE […]
Read moreJuly 9, 2026 10:17 am
Key Moments Robin Energy executed a one-for-15 reverse stock split on Nasdaq, cutting its share count from 8.7m to 600,000. The stock price moved from $0.45 before the transaction to $6.93 per share, while the company’s market capitalization stands at $45m. Since the start of January, Robin Energy has raised $13.9m via an at-the-market equity […]
Read moreJuly 9, 2026 9:42 am
Key Moments Bernstein increased its 2026 nickel price target to $17,357 per metric ton as the firm now anticipates only a modest market surplus. Higher Indonesian costs and ore constraints pushed C1 cash costs at the 75th and 90th percentile to $17,870 and $18,650 per ton, well above 2025 levels. Combined LME and SHFE nickel […]
Read moreJuly 9, 2026 9:07 am
Key Moments Zinc futures at ₹374/kg have been advancing steadily over the past two weeks, reinforcing a strong short-term uptrend. The July contract has cleared key resistance levels at ₹367 and ₹372 and is now trading above both the 21-day and 50-day moving averages. Analysts project potential upside toward ₹390 and ₹400, while identifying support […]
Read moreJuly 9, 2026 8:27 am
Key Moments Commerzbank’s Thu Lan Nguyen highlights that recent U.S. policy toward Iran has overturned expectations of a swift normalization of Gulf oil supplies. Despite increased shipping activity through the Strait of Hormuz, traffic remains below pre-war levels while markets had been pricing in an oil supply glut. The apparent cancellation of the Iran deal […]
Read moreJuly 9, 2026 7:48 am
Key Moments WTI pulls back during Thursday’s Asian session, trading just above $74.00 and down about 0.65% on the day. Prices stall near the 23.6% Fibonacci retracement of the May-July decline, while remaining below the 200-day EMA at $77.27. Mixed signals from MACD and RSI suggest caution, with rebounds capped by overhead resistance rather than […]
Read moreJuly 9, 2026 6:57 am
Key Moments Gold (XAU/USD) has traded lower for a fourth consecutive session, hovering close to a one-week low near the $4,020 area. Renewed US-Iran tensions and persistent inflation concerns are reinforcing expectations for a potential Federal Reserve rate hike in 2026. From a technical standpoint, XAU/USD remains below its 200-day SMA and inside a downward […]
Read moreJuly 9, 2026 6:16 am
Key Moments XAG/USD traded around $58.30 per troy ounce in Asian hours on Thursday after three consecutive sessions of declines.
Read moreJuly 8, 2026 2:09 pm
Key Moments Wheat futures are trading 3 to 5 cents higher early Wednesday after closing firmly in positive territory on Tuesday across all major contracts. NASS reported 59% of the US winter wheat crop harvested and final condition ratings at 26% good/excellent, with the Brugler500 index at 262. May wheat exports totaled 1.609 MMT (59.13 […]
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