July 21, 2026 3:00 pm
Key Moments Corn, soybean, and wheat futures all ended the week higher, with winter wheat leading percentage gains and hard red winter wheat hitting a seven-week high. Fresh U.S. soybean export sales to China, Mexico, and unknown destinations, along with strong domestic crush data, supported the soybean complex. Concerns over smaller Australian wheat output and […]
Read moreJuly 21, 2026 2:08 pm
Key Moments Global primary aluminum production declined 2.9% month-on-month and 1.5% year-on-year in June to 5.98mt, while first-half output stayed broadly stable at 36.4mt. China’s June production fell 3.2% month-on-month to 3.7mt, but year-to-date volumes remained 2.2% higher year-on-year at 22.3mt. Gulf output dropped to 332kt, down 34.5% year-on-year, as disruptions linked to the Iran […]
Read moreJuly 21, 2026 12:40 pm
Key Moments BNY’s Geoff Yu highlights that the U.S.-Iran standoff and Houthi threats in the Red Sea are maintaining a geopolitical premium in Brent and WTI prices. Brent crude has advanced toward $88 per barrel, amid concerns that potential disruptions in the Strait of Hormuz could further constrain oil supply. Elevated energy prices are being […]
Read moreJuly 21, 2026 9:57 am
Key Moments Copper prices remain supported by tight physical markets in China. Refined metal import premiums have jumped to $100/t from $20/t in late January. Scrap shortages, Beijing’s invoice trading crackdown, and smelter maintenance have reduced Chinese supply. Meanwhile, domestic and LME inventories remain low. LME copper traded near $13,600/t on Monday. Prices are up […]
Read moreJuly 21, 2026 9:30 am
Key Moments Silver (XAG/USD) climbs more than 3% to trade near $58.20 in early European hours on Tuesday. WTI Oil retreats 0.45% to around $81.90 after touching a fresh monthly high of $84.42 on Monday. The Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting next week. Silver Jumps as […]
Read moreJuly 21, 2026 9:01 am
Key Moments WTI trades near $82.00 in early European trading on Tuesday. Prices ease but remain close to multi-week highs. US-Iran tensions continue to drive sentiment. Ongoing US airstrikes and reported IRGC attacks keep traders on alert. Meanwhile, traders await the American Petroleum Institute’s weekly crude inventory report for fresh supply and demand signals. Geopolitical […]
Read moreJuly 21, 2026 7:54 am
Key Moments Gold (XAU/USD) climbed to a four-day high near $4,075 during Tuesday’s move into the European session. Markets priced in around an 83% chance of a Federal Reserve rate hike by year-end, underpinning the US Dollar and limiting gold’s upside. Ongoing US-Iran tensions and fresh military strikes heightened geopolitical risk, offering support to both […]
Read moreJuly 20, 2026 2:17 pm
Key Moments Wheat futures reached a week high of 700.00 cents after a 6.1% weekly rally linked to renewed U.S.-Iran tensions near the Strait of Hormuz. The USDA projected the smallest U.S. winter wheat crop since 1965 at 1.048 billion bushels, while Australia and the EU also cut 2026 harvest expectations. U.S.-Iran hostilities, Ukrainian strikes […]
Read moreJuly 20, 2026 12:05 pm
Key Moments Front-month CME live cattle futures declined for a 15th consecutive session, pressured by weaker cash cattle prices and softer seasonal beef demand. CME August live cattle settled at 224.425 cents per pound, while August lean hogs finished at 101.650 cents per pound after touching their highest level since May 20. USDA reported choice […]
Read moreJuly 20, 2026 9:43 am
Key Moments Brent crude futures moved above US$90/bbl as conflict in the Persian Gulf intensified and tanker traffic through key routes stalled. U.S. Strategic Petroleum Reserve (SPR) releases that had been easing war-related supply pressure are expected to end around the close of this month. Speculative net long positions in ICE Brent surged by 114,752 […]
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