June 9, 2026 8:53 am
Key Moments Oil prices remained largely unchanged following the latest escalation between Israel and Iran, with markets reverting to an “as you were” stance. Rabobank’s Michael Every stresses that decisions by Hezbollah and Iran will be pivotal for the eventual course of the conflict and its impact on energy markets and broader risk sentiment. Developments […]
Read moreJune 9, 2026 8:08 am
Key Moments XAG/USD is trading slightly lower near $67.90 in Tuesday’s European session ahead of the May U.S. CPI release. Consensus forecasts point to headline CPI accelerating to 4.2% YoY and core CPI rising 2.9% YoY in May. Stronger-than-expected May NFP has fueled expectations of at least one Federal Reserve rate hike this year, weighing […]
Read moreJune 9, 2026 7:25 am
Key Moments WTI extends its prior sharp decline and trades near $88.75, down more than 1% during Tuesday’s Asian session. A declared halt in Israel-Iran attacks pressures prices, while lingering US-Iran tensions and Strait of Hormuz risks help curb losses. Bearish technical structure below the 200-period SMA and weak momentum indicators suggest scope for further […]
Read moreJune 9, 2026 6:41 am
Key Moments XAU/USD has been trading sideways near the $4,268-$4,267 area after rebounding from its lowest level since March 23. A pullback in the US Dollar after Israel and Iran halted mutual attacks has lent support to gold, though broader Middle East risks persist. Market pricing of more than a 70% chance of a Fed […]
Read moreJune 8, 2026 1:45 pm
Key Moments XAU/USD rebounds after touching its lowest level since March but continues to hover near 11-week lows.
Read moreJune 8, 2026 1:23 pm
Key Moments Corn futures were lower by 2 to 3 cents in most contracts in Monday morning trade, following notable declines into the weekend. Managed money net length fell to 115,082 contracts as of Tuesday, June 2, reflecting a weekly reduction of 90,422 contracts. U.S. corn export commitments reached 81.766 MMT, equaling 98% of USDA’s […]
Read moreJune 8, 2026 12:52 pm
Key Moments Soft red winter wheat futures softened, while hard red wheat contracts moved higher in mixed trade. Managed money in Chicago wheat expanded its net short by 39,165 contracts to 57,871 contracts by June 2. USDA reported new-crop U.S. wheat export sales commitments at 3.925 MMT, 26.44% below the same week a year earlier. […]
Read moreJune 8, 2026 12:37 pm
Key Moments Brent and WTI crude climbed about 4-5% as Iran-Israel missile exchanges fueled worries over supply disruption and global inflation. EU natural gas gained 5% to €51.2, marking its strongest move in three weeks amid similar supply concerns. Key OPEC+ producers confirmed a planned 188,000 b/d production increase starting in July 2026, with full […]
Read moreJune 8, 2026 12:26 pm
Key Moments: Roughly half a million tonnes of copper has accumulated in U.S. warehouses, with around two-thirds of CME stocks concentrated in New Orleans. Since early 2025, CME copper inventories have surged to about 541,000 short tons (roughly 491,000 tonnes), turning the U.S. into the primary exchange-storage hub. The U.S. Commerce Department’s June 30 update […]
Read moreJune 8, 2026 10:24 am
Key Moments EU natural gas use rose 2.8% year-on-year in April to 23 billion cubic meters. U.S. gas use fell 1.6% year-on-year to 65.5 billion cubic meters in the same month. The GECF linked EU demand growth to colder weather. It linked U.S. decline to weaker industry. EU Gas Demand Rises in April Natural gas […]
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