Commodities
Commodities
Signs of Weak European Sugar Production Support Prices
October NY world sugar #11 (SBV26) closed up +0.32 (+1.85%) on Wednesday, and October London ICE white sugar #5 (SWV26) closed down -3.00 (-0.58%). Sugar prices settled mixed on Wednesday, with London sugar falling to a 1.5-week low. NY sugar found support Wednesday on signs of lower sugar production in France, Europe’s largest producer, after […]
by Currency Hedger
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- 3 months ago
Commodities
Cotton Rounds Out with Gains
Cotton futures posted strength on the Wednesday session with contracts up 25 to 93 points at the close. Crude oil was down 45 cents per barrel, with the US dollar index $0.227 higher. The 7-day forecast remains relatively dry for much of Texas, with scattered light totals not seen over 0.25 inch. The Gulf is […]
by Currency Hedger
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- 3 months ago
Commodities
Corn Hits 3-Year High on US Crop Concerns
Corn futures jumped above $5 per bushel, hitting their highest level since July 2023 as mounting concerns over US crop yields pointed to tighter supplies. The Pro Farmer Crop Tour recently estimated the 2026 US corn yield at 173.2 bushels per acre, well below the USDA’s latest forecast of 180.7 bushels, while production was projected […]
by Currency Hedger
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- 3 months ago
Commodities
Palm Oil Retreats to One-Week Low
Malaysian palm oil futures extended losses, trading below MYR 4,900 per tonne and touching their lowest level in a week as traders returned from a holiday. Sentiment was pressured by a stronger ringgit and weaker soyoil prices on the Chicago market, while crude oil fell on renewed hopes that the Strait of Hormuz could reopen. […]
by Currency Hedger
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- 3 months ago
Commodities
Wheat Futures Hit 1-Month High
Wheat futures climbed toward $7 per bushel in late August, reaching their highest level since July 23, as intensifying Russia-Ukraine attacks threatened to further disrupt grain shipments from the Black Sea. The worsening conflict has raised concerns over the ability of the two major wheat exporters to move their crops to global markets, particularly as […]
by Currency Hedger
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- 3 months ago
Commodities
Soybeans Hold at 1-Month High
Soybean futures held above $12.2 per bushel, staying near a four-week high as weaker US crop conditions and fresh export demand supported prices. The USDA’s national soybean rating dipped over the past week, with the share of the crop rated good-to-excellent falling 1 percentage point to 60% for the week ended August 23. Although 91% […]
by Currency Hedger
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- 3 months ago
Commodities
Heating Oil Holds Losses
US heating oil futures traded around $4.28 per gallon, holding most of their losses from the previous session, as markets assessed intensified US economic pressure on Iran aimed at reopening the Strait of Hormuz. The Trump administration announced plans to impose secondary sanctions on entities facilitating Iran’s economy as part of a new campaign dubbed […]
by Currency Hedger
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- 3 months ago
Commodities
Gasoline Holds Decline
US gasoline futures traded around $3.27 per gallon, holding onto their previous-session losses as investors weighed intensified US economic pressure on Iran. The Trump administration announced plans to impose secondary sanctions on entities facilitating Iran’s economy as part of a new campaign dubbed “Operation Economic Outcast.” Treasury Secretary Scott Bessent said the US was targeting […]
by Currency Hedger
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- 3 months ago
Commodities
Baltic Dry Index Up for 3rd Day
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a third session on Monday, rising about 1.4% to its highest level since August 12 at 2,882 points, supported by gains across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore […]
by Currency Hedger
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- 3 months ago
Commodities
Soybeans Trade Near Multi-Week High
Soybeans traded above $12.20 per bushel, hovering near multi-week highs as strong demand offset a limited increase in US crop prospects. The Pro Farmer Crop Tour put the US soybean yield at just 0.6 bushels per acre above the USDA’s August estimate, implying only 53 million bushels more production, suggesting the findings may have a […]
by Currency Hedger
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- 3 months ago