July 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 […]
Read moreJuly 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 more