July 8, 2026 9:02 am
Key Moments Aluminum prices extended gains for a second straight session after rebounding from a four-month low, driven by renewed buying interest in China. China’s aluminum spot inventories declined for a twelfth consecutive session to 1.09Mt, more than 25% below their April peak, reinforcing expectations of a market deficit this year. Speculative net long positions […]
Read moreJuly 8, 2026 8:23 am
Key Moments Brent crude moved above $76/bbl as renewed tensions in the Persian Gulf and US strikes on Iran fueled supply concerns. The US revoked a temporary licence for Iranian oil sales, adding to market anxiety even though fundamentals remain largely unchanged. Falling US product inventories and damage to Russian refineries have supported stronger product […]
Read moreJuly 8, 2026 7:40 am
Key Moments WTI trades just above $72.00, consolidating near a two-week high after an earlier Asian session advance. Escalating US-Iran tensions and concerns over potential disruptions in the Strait of Hormuz support crude prices. OPEC+ plans to raise output from August and Saudi Arabia’s $11 per barrel August price cut to Asia limit further upside. […]
Read moreJuly 8, 2026 7:36 am
Key Moments XAU/USD holds a modest bid after breaking a two-day slide below $4,100, helped by a softer US Dollar ahead of the June FOMC Minutes.
Read moreJuly 8, 2026 6:04 am
Key Moments Silver (XAG/USD) trades near $59.80 and posts a third consecutive session of weakness. Price action continues to respect a short-term bearish flag pattern, with indicators signaling room for additional downside. Major resistance is clustered around the 100-period SMA at $62.32 and the upper channel boundary at $64.21. Bearish Tone Persists Around Mid-$59.00s Support […]
Read moreJuly 7, 2026 2:27 pm
Key Moments Aluminum prices have rebounded as Chinese and LME inventories decline sharply and Gulf smelter outages continue. The Australian Ministry expects the primary aluminum market to be significantly undersupplied this year and next. Non-Chinese capacity, especially in Indonesia, is projected to rise strongly over the longer term, reshaping supply dynamics. Short-Term Market Tightness Supports […]
Read moreJuly 7, 2026 1:24 pm
Key Moments Corn futures added 14 1/2 to 16 1/4 cents in front months on Monday and extended gains by another 1 to 2 1/4 cents in early Tuesday trade. US corn crop conditions held steady at 67% good to excellent, with 16% of the crop silking and 3% in the dough stage by July […]
Read moreJuly 7, 2026 1:08 pm
Key Moments Soybean futures built on Monday’s strong rally, with Tuesday morning prices edging 1 to 2 cents higher. Open interest climbed by 45,619 contracts as fresh buying followed front-month futures gains of 35 to 50 1/2 cents. USDA data showed soybean export shipments for the week ending July 2 at 528,350 MT, up 19% […]
Read moreJuly 7, 2026 12:50 pm
Key Moments Chicago SRW wheat futures extended Monday’s strength, with SRW contracts leading gains while KC contracts traded softer early on Tuesday. Weekly export inspections showed wheat shipments of 133,652 MT, down 66.38% from the prior week and 74.44% below the same week a year earlier. NASS reported 59% of the U.S. winter wheat crop […]
Read moreJuly 7, 2026 10:31 am
Key Moments WTI futures on NYMEX trade about 1% higher near $69.40 during the European session on Tuesday after reports of attacks on commercial ships in the Strait of Hormuz. Despite the uptick, WTI holds a bearish near-term bias with spot prices well below the 20-day EMA at $74.27 and the RSI at 31.79 hovering […]
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