Lithium carbonate prices in China fell below CNY 135,000 per tonne in September, reaching their lowest level of the year as a major upward revision to Chinese stockpiles caused markets to reassess the global supply outlook. The revision came after industry group SMM changed its methodology for compiling inventory data, resulting in a 175,000-ton increase […]
The Mexican peso weakened to around 17.2 per US dollar after reaching a more than two-year high of 16.98 on September 11, as the US Federal Reserve raised interest rates and signaled that another rate increase could still be possible this year. The Fed increased its federal funds target rate by 25 bps to 3.75%-4.00%, […]
US natural gas futures recovered on Friday after falling to a one-week low, with October Nymex natural gas closing 1.1 cents higher at $2.86/MMBtu, up 0.38%, as pre-weekend short covering helped prices recover despite increasingly cooler US weather forecasts. The natural gas market remains caught between competing fundamental forces. Cooler US temperatures, record-high projected storage […]
WTI crude oil futures fell on Friday as hopes for renewed Middle East diplomacy eased immediate fears of a prolonged supply disruption, although the broader oil market remains fundamentally tight because of disrupted Middle Eastern and Russian flows. October WTI crude oil closed $1.61 lower at $100.36 per barrel, down 1.58%, while October RBOB gasoline […]
Live cattle futures finished mixed on Friday, but the underlying US cattle supply picture is becoming increasingly supportive as August cattle placements fell to a record low for the month and September 1 on-feed inventories remained only marginally above last year. October live cattle closed at $215.925, up 27.5 cents, while December gained 37.5 cents […]
Wheat futures moved lower across all three major US exchanges heading into the weekend, with Chicago SRW, Kansas City HRW and Minneapolis spring wheat futures all under pressure as traders reduced risk and speculators shifted toward more defensive positioning. Weak US export sales, slower-than-average shipment commitments and renewed fund selling added to the bearish tone, […]
Corn futures weakened on Friday as the market absorbed pressure from lower soybean and wheat prices, falling crude oil and a disappointing US export picture ahead of the highly anticipated meeting between US President Donald Trump and Chinese President Xi Jinping. December 2026 corn closed at $5.27 1/2, down 3 cents, while March 2027 corn […]
Soybean futures sold off sharply on Friday, with contracts falling 9 to 17 cents across the board, as traders reduced exposure following a significant build-up in speculative long positions and the market focused on the uncertain outlook for US-China soybean trade, Chinese inventories and large US export commitments. November soybeans held onto a 7-cent weekly […]
Coffee futures recovered from early losses on Friday as a weaker US dollar triggered short covering, but the broader coffee market remains under pressure from record global production forecasts, a projected 2025/26 surplus, strong Brazil and Vietnam exports, improving growing conditions and expectations for another large 2026/27 crop. December ICE Arabica coffee closed 4 points […]
Cocoa futures suffered another sharp sell-off as traders focused on abundant near-term supplies, surging Ivory Coast production and elevated ICE warehouse inventories, overwhelming longer-term concerns surrounding West African crop conditions and the potential impact of El Niño on the 2026/27 cocoa season. December ICE New York cocoa closed at 5,784, down 207 points or 3.46%, […]