The USD/CAD pair retains its bullish undertone on Thursday, trading around the 1.4265 region during the Asian session, well within striking distance of the highest level since April 2025, touched earlier this week. Moreover, the supportive fundamental backdrop suggests that the path of least resistance for spot prices remains to the upside and backs the […]
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.55 during the early Asian trading hours on Thursday. WTI posts modest gains as US crude oil inventories fell unexpectedly last week. Traders will focus on fresh Houthi attacks in Saudi Arabia and continuing oil flows out of the Middle East. US crude […]
Crude oil prices are trading above $89 per barrel, recovering from the recent decline as the market reassesses the risk of a wider US-Iran confrontation. Reports that the Trump administration has instructed the Pentagon to develop potential strike options against Iran are challenging expectations that Washington would avoid a major escalation ahead of the November […]
European natural gas prices are moving above €80/MWh, reaching their highest level in more than three weeks as renewed shipping risks around the Strait of Hormuz increase concerns over global energy supply. Continued attacks on commercial and energy vessels are raising the risk of disruptions to fuel deliveries, while the possibility of further military escalation […]
US natural gas prices are extending their advance as lower domestic production, potential Gulf of Mexico disruptions and expectations for a smaller weekly storage build provide support. Prices have now risen for a fifth consecutive session, reaching a two-week high as traders assess the balance between tightening near-term supply and weather-related risks to both production […]
Coffee prices are under renewed pressure as expanding supplies from Brazil and Vietnam outweigh weather-related concerns and extremely low arabica inventories. The market is also dealing with a significant divergence between the two major coffee varieties, with strong Brazilian exports weighing on arabica while elevated Vietnamese supply and rising robusta inventories pressure robusta futures. December […]
Cocoa prices remain under pressure as rising exchange inventories and signs of softer chocolate demand outweigh longer-term concerns over West African production. The market is balancing abundant near-term supplies from the Ivory Coast and Ghana against growing risks to the 2026/27 crop from weather, disease and weaker early pod development. December ICE NY cocoa is […]
Sugar markets remain supported by tightening global supply expectations, weather risks and slowing production across several major producing regions. While the stronger US dollar is limiting upside momentum and encouraging some long liquidation, the broader fundamental outlook remains constructive as Brazil’s harvest faces disruption and forecasts point toward a potential global deficit in 2026/27. March […]
Cotton futures are facing renewed selling pressure, with contracts declining across the board as a firmer US dollar and weaker crude oil prices create a less supportive macroeconomic backdrop. The physical market is showing a mixed picture. US cash activity remains active, the Cotlook A Index has strengthened, and ICE certified stocks have fallen further. […]
Soybean prices are facing modest selling pressure as the market balances advancing US harvest activity against expectations for another slightly higher production estimate. Futures are lower across the nearby contracts, while soybean meal is gaining ground and soybean oil is under pressure. The next major catalysts are US export-sales data, the latest Crop Production estimates […]