Price movements and fundamentals across major commodities.
Analysis and reporting on commodities such as oil, natural gas, gold, industrial metals, and agricultural products. Focuses on supply-demand dynamics, geopolitical risks, inventory trends, and macro drivers affecting commodity markets.
2,383 total articles
ICE canola futures closed lower amid a pullback in crude oil and broader vegetable oil contracts. Traders pointed to a relatively calm day in the Iran conflict, with a quiet Strait of Hormuz cited as a contributor to weaker Brent crude. July canola fell $6.30 per metric ton while November lost $4.20 to close at $759.70. Other oilseed and vegetable …
Chicago Board of Trade soybean futures rose to their highest level in two months on Wednesday as traders weighed the prospect of increased purchases by China after recent talks between U.S. and Chinese officials. The move followed a U.S. Department of Agriculture projection that 2026/27 U.S. soybean ending stocks would be smaller than analysts had …
Chicago Board of Trade corn futures finished nearly unchanged Wednesday as market participants monitored an ongoing U.S.-China leadership summit in Beijing for possible agricultural commitments. President Donald Trump arrived for a two-day meeting with President Xi Jinping, and traders are watching for any pledges by China to buy U.S. corn, wheat o…
Deal activity in the U.S. upstream oil and gas sector reached $38 billion in the first quarter of 2026, the strongest quarterly total in two years, driven largely by Devon Energy's $25 billion combination with Coterra and supported by other sizable transactions such as Mitsubishi's $7.6 billion acquisition of Aethon Energy. Market participants temp…
Euronext data released on Wednesday shows investment funds and other financial players reduced their net long exposure to milling wheat futures and options for the week ending May 7. Commercial participants also narrowed their net short stance in wheat. In rapeseed contracts, non-commercial players sharply cut net longs while commercial participant…
European natural gas benchmark prices dipped modestly on Wednesday after media reports indicated a small number of shipments had been permitted to transit the Strait of Hormuz. Market attention also shifted toward an upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping, which could touch on trade, Taiwan and wider g…
In a programme of 37 bills presented as the government’s priorities for the coming parliamentary session, ministers have set out measures spanning trade, regulation, national security, immigration, energy and constitutional reform. The King’s Speech - delivered by the monarch but drafted by government ministers - follows internal pressure on Prime …
U.S. consumer inflation accelerated in April, reinforcing expectations of tighter monetary policy and lifting long-term Treasury yields above 5%. Markets reacted to hotter-than-forecast price data, renewed pressure on oil from the Iran war stalemate and a high-profile diplomatic visit to Beijing, while equities and scheduled economic releases remai…
Copper futures climbed to an all-time high on the London Metal Exchange, prompting broad gains among UK mining stocks across the FTSE 100 and FTSE 250. Supply-side constraints affecting refining inputs and a persistent appetite from China’s industrial sector, alongside structural demand from data centres, electric vehicles and grid electrification,…
Victor Rodríguez, the 69-year-old chief executive of state oil company Pemex and a close ally of President Claudia Sheinbaum, is confronting rising uncertainty about his role as the company struggles with internal fragmentation, safety incidents, missed production targets and significant liabilities. Sources say Sheinbaum has increasingly intervene…
French Finance Minister Roland Lescure stated that France has no current plans to release additional oil stocks but did not rule out revisiting the decision in the weeks ahead. His comments came before a G7 meeting where energy security is expected to be discussed. The International Energy Agency has warned of a global oil supply shortfall this yea…
President Donald Trump departed for a summit in China while signalling he does not expect to rely on Beijing to resolve the Iran war. With maritime traffic through the Strait of Hormuz still disrupted, competing demands from Washington and Tehran remain far apart. The conflict is exerting pressure on global energy supplies, raising military expendi…
The International Energy Agency reported a 460,000 barrels-per-day drop in Russia's crude oil production in April year-on-year, to just above 8.8 million bpd. The agency also recorded a fall in oil product exports to 2.2 million bpd - the lowest level on record - while crude exports rose to 4.9 million bpd in April. The IEA linked the production an…
China and the United States are discussing whether to extend a temporary agreement on rare earth export curbs at a leaders' summit this week. Chinese customs figures, however, show continued steep reductions in shipments of several specialty heavy rare earths since controls were imposed in April 2025. The constrained flows have pushed prices sharpl…
Gold traded in a narrow range in Asian hours after mixed moves in U.S. sessions, with spot bullion marginally lower and futures slightly firmer. Investor caution stems from fading hopes for a U.S.-Iran deal following Tehran's rejection of a proposal and President Trump's comment that talks were on "life support," while focus turns to his May 14-15 …
Oil prices retreated on Wednesday following three days of gains as market participants monitored a fragile ceasefire in the Iran conflict and U.S. President Donald Trump traveled to China for a high-stakes meeting with President Xi Jinping. Brent and U.S. West Texas Intermediate fell from recent highs while analysts and market sources highlighted s…
The trading arm of Vietnam’s state-owned oil firm has appealed to U.S. military and diplomatic authorities to permit a Maltese-flagged supertanker carrying Iraqi Basra crude to continue to Vietnam, saying the cargo is vital to keep the Nghi Son refinery operating. The vessel was redirected by U.S. forces as part of enforcement of an expanded blocka…
Oil prices retreated modestly in Asian trading following three consecutive sessions of gains, with traders balancing supply constraints from a near-shutdown of the Strait of Hormuz against U.S. inventory data and inflation readings that could affect Federal Reserve policy and fuel demand growth. Brent and WTI remain elevated after sharp prior gains…
Ivory Coast’s Coffee and Cocoa Council (CCC) will send managers to the centre-eastern town of M’Batto to try to defuse tensions after farmers protested that unsold cocoa harvested during the main crop is rotting and remains unpaid despite a council pledge to buy it. The build-up of unsold stocks followed a sharp global price drop below locally set …
On May 12 governments across multiple regions announced or expanded policies to shield consumers and key industries from surging energy costs linked to the U.S.-Israeli war on Iran. Measures include tax relief, targeted subsidies, releases from strategic reserves, restrictions on exports, temporary rationing and adjustments to power generation rule…
Satellite imagery detected a suspected oil slick spanning dozens of square kilometres west of Kharg Island. Iran's vice-president said monitoring points to ballast water discharge from a non-Iranian tanker rather than leaks from local oil infrastructure. Analysts examining the imagery described the formation as likely an oil slick and noted its pot…
Euronext September milling wheat jumped 4% to 216.50 euros a metric ton as traders reacted to a U.S. Department of Agriculture projection that the upcoming U.S. wheat harvest will be the smallest since 1972. The USDA trimmed its 2026/27 U.S. crop estimate below market expectations and lowered global stock projections, while Chicago and Kansas contr…
The U.S. Department of Energy is evaluating a plan to provide utilities with billions of dollars in financing to purchase long-lead components for large AP1000 nuclear reactors, a move intended to shorten construction timelines for projects that can be delayed by years while awaiting items such as reactor vessels and steam generators. The proposal …
Iraq and Pakistan have reached bilateral arrangements with Iran to move crude oil and liquefied natural gas through the Strait of Hormuz, according to multiple industry and government sources. The agreements illustrate Tehran's growing ability to regulate passage through the strait as a wider conflict and maritime disruptions have sharply reduced t…
Cosmo Energy Holdings will receive 1 million barrels of Isthmus crude from Mexico in the coming days as Japan grapples with supply interruptions linked to the Iran conflict and the near-closure of the Strait of Hormuz. The shipment, loaded from Pemex’s Pajaritos terminal and provided by Pemex’s trading arm PMI, supplements supplies from the United …
