June 24, 2026 2:26 pm
Key Moments Front-month corn futures are up 1 to 2 cents early Wednesday after closing lower on Tuesday through September 2027. USDA confirmed a 100,000 MT corn sale to Mexico, split between old-crop and new-crop shipments. US corn crop conditions held steady at 68% good to excellent, with notable state-by-state shifts in ratings. Early Wednesday […]
Read moreJune 24, 2026 1:33 pm
Key Moments Wheat futures were modestly higher early Wednesday after sizable losses across Chicago, KC, and Minneapolis contracts on Tuesday. US winter wheat harvest reached 40% completion by Sunday, running 16% ahead of the typical pace, while overall crop conditions slipped. Sovecon pegged the Russian 2026/27 wheat crop at 88.9 MMT, trimming its prior estimate […]
Read moreJune 24, 2026 12:51 pm
Key Moments J.P. Morgan now expects Brent crude to average $86 per barrel in Q3 2026 and $80 in Q4 2026, ending 2026 at $78. Weaker-than-expected OECD inventory draws and larger demand losses have eased upward pressure on prices. The bank sees OECD stocks falling by a further 50 million barrels between April and July […]
Read moreJune 24, 2026 10:14 am
Key Moments ICE Brent settled a little over 1% lower as market optimism grew over improving Persian Gulf oil flows through the Strait of Hormuz. Recent oil shipments through the strait were estimated at 6-7m b/d, still well below pre-war levels of around 20m b/d and below the 14m b/d seen as sufficient for a […]
Read moreJune 24, 2026 9:40 am
Key Moments The Kuala Lumpur rubber market closed lower on Wednesday. It was pressured by weaker crude oil and mixed regional futures. Brent crude fell 1.96% to US$75.57 per barrel. It extended losses for a third straight session. Standard Malaysian Rubber (SMR) 20 slipped 3.5 sen to 940.5 sen per kg. Meanwhile, latex-in-bulk fell 3 […]
Read moreJune 24, 2026 9:14 am
Key Moments London Metal Exchange three-month aluminum contract fell 0.76% to $3,208 per metric ton, after hitting $3,191 intraday, its lowest since March 24. Most-traded Shanghai Futures Exchange aluminum contract closed down 1.43% at 23,405 yuan ($3,439.23) per ton, after touching 23,320 yuan, its weakest level since March 20. Prices eased as Middle East risk […]
Read moreJune 24, 2026 9:03 am
Key Moments CME cattle futures finished lower on Tuesday as traders locked in profits and questioned U.S. consumer appetite for even higher beef prices. Boxed beef prices climbed further, with USDA choice cuts at $400.26 per cwt and select cuts at $382.771 per cwt on Tuesday morning. CME lean hog futures ended mixed, with most-active […]
Read moreJune 24, 2026 7:42 am
Key Moments Silver (XAG/USD) marked a new six-month low at $60.74 during Wednesday’s Asian session. CME FedWatch data shows roughly 86% odds that the Fed will raise interest rates this year. Traders are focused on Thursday’s release of May US core PCE inflation, expected at 3.4% YoY. Macro Drivers Pressure Silver Silver prices (XAG/USD) recorded […]
Read moreJune 24, 2026 7:23 am
Key Moments WTI trades around $72.50 per barrel in Asian hours after bouncing from a three-month low of $71.94, but remains down on the day. Improved shipping access through the Strait of Hormuz and a new 60-day US waiver on Iranian crude purchases have weighed on crude prices. Conflicting signals on Iran’s nuclear file and […]
Read moreJune 24, 2026 6:31 am
Key Moments Gold (XAU/USD) trades near $4,050 after back-to-back declines, hovering close to its year-to-date low from earlier this month. Expectations for a 25 bps Fed rate increase in 2026 and a rising US Dollar cap any support from easing inflation pressures linked to weaker Oil. Technical signals on the 4-hour chart remain bearish, with […]
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