Commodities News

Copper Rally Extends as Supply Tightness Supports Prices

Key Moments Copper has extended its July advance, supported by improving market sentiment as Middle East tensions ease. Read more

Wheat Futures Fall as Harvest Advances, Exports Rise

Key Moments Wheat futures were under pressure in early Tuesday trading, adding to Monday’s declines across the wheat complex. US winter wheat harvest reached 81% completion by Sunday, while spring wheat conditions held at 53% good/excellent. Weekly wheat export inspections climbed to 394,785 MT, up 71.82% from the prior week, though marketing year shipments remained […] Read more

Corn Futures Edge Higher After Weather-Driven Selloff

Key Moments Corn futures were only fractionally higher in early Tuesday trade after sharp declines of 2 1/2 to 13 1/2 cents on Monday. U.S. corn crop ratings slipped to 63% good to excellent, while 78% of the crop was silking and 25% had reached the dough stage by July 26. Weekly U.S. corn export […] Read more

LME Aluminium Stocks Hit Decades-Low on Gulf Risks

Key Moments LME aluminum inventories fell to 271,275 tonnes on July 24, the lowest level since records began in January 1998. On-warrant stocks declined to 245,350 tonnes on July 24, while SHFE inventories stood at 455,092 tonnes. Ongoing disruptions in the Gulf and the Strait of Hormuz are driving an accelerated drawdown of LME warehouse […] Read more

European Gas Weakens as Oil Drops and Iran Risks Fade

Key Moments European benchmark TTF front-month and U.K. wholesale gas contracts each declined 3%, reaching their lowest levels in over a week. Prices tracked a slide in Brent crude, which touched its lowest level in more than a week as comments from U.S. President Donald Trump pointed to “good talks” with Iran. European gas storage […] Read more

Gold Holds Weak Bias as Markets Await Fed Outlook

Key Moments Gold (XAU/USD) dipped below $4,050 during the Asian session, erasing its weekly bullish gap before staging a modest rebound. Renewed US-Iran diplomacy and a pause in US strikes eased inflation worries, while ongoing regional tensions continued to support the US Dollar. Technical signals point to a broader bearish backdrop for Gold, with $4,000 […] Read more

Silver Pulls Back Near $57.50 Before Fed Decision

Key Moments Silver (XAG/USD) trades around $57.50 per troy ounce in Asian hours after nearly 0.5% gains in the prior session. Expectations that US-Iran tensions may ease are seen lowering oil prices and tempering concerns about inflation and further rate hikes. Market participants widely anticipate the Federal Reserve will keep rates unchanged this week, with […] Read more

WTI Crude Steady Near $81 on Fed, Geopolitical Risks

Key Moments WTI trades near $81.00 after touching a one-week low during the Asian session. Markets reduce the geopolitical risk premium as US-Iran tensions ease and diplomatic talks continue. However, risks around Bab el-Mandeb and the Strait of Hormuz continue to support oil prices. WTI Holds Near One-Week Low as Geopolitical Premium Eases West Texas […] Read more

Gold Slips as Iran Diplomacy, Fed Outlook Loom

Key Moments XAU/USD trades near $4,050 per troy ounce during Asian hours on Tuesday after giving back part of the prior session’s gains. Read more

Wheat Futures Fall as Profit-Taking and Weak Exports Weigh

Key Moments Chicago, Kansas City, and Minneapolis wheat futures prices were lower, with front-month contracts giving back recent gains. Managed money cut its net short position in CBT wheat futures and options and expanded its net long in KC wheat. New crop U.S. wheat export sales reached 6.68 MMT, representing 32% of USDA’s export projection […] Read more