Soybean futures fell to around $12.70 per bushel on Friday, approaching a five-week low as harvest pressure from expectations for a record-large U.S. crop continued to weigh on prices. Wet conditions during late summer and early autumn slowed the harvest pace, but the arrival of new-crop supplies is keeping pressure on the market. Harvest was […]
European natural gas prices fell below €73/MWh on Friday, giving back part of their recent gains as softer Asian LNG demand and higher U.S. supplies provided some relief to the European market. U.S. LNG exports rose to 10.9 million tonnes in September, with Europe receiving 5.91 million tonnes, or 54% of total shipments, as buyers […]
The Japanese yen strengthened slightly below ¥158 per U.S. dollar on Friday, trimming recent losses after data showed Tokyo’s core inflation accelerated to 2.7% in September. The reading exceeded the Bank of Japan’s 2% target for the first time in nine months, strengthening the case for continued monetary-policy normalization. However, the yen’s recovery remained limited […]
The Australian dollar remained little changed below $0.70, trading near multi-month lows as a stronger U.S. dollar and surging Treasury yields continued to weigh on the currency. The Aussie is heading for a fourth consecutive weekly decline despite the Reserve Bank of Australia raising its cash rate to a 15-year high of 4.6% in September. […]
Palladium futures fell to around $1,170 per ounce, reaching a one-year low as a stronger U.S. dollar and elevated Treasury yields increased pressure on the precious metal. Investors are awaiting U.S. payrolls data for further clues on the Federal Reserve’s interest-rate path, while the dollar climbed to a 17-month high and 10-year Treasury yields reached […]
The Indonesian rupiah remained under pressure around IDR 17,900 per U.S. dollar on Friday, struggling to recover after touching the IDR 18,000 level earlier in the week. Persistent dollar strength continued to weigh on the currency, while expectations for further Federal Reserve tightening, elevated inflation and geopolitical uncertainty kept demand for the greenback firm. Bank […]
Key takeaways US gas prices retreat ahead of storage report US natural gas (NATGAS) is down 1.2% today, with its price below the psychological threshold of $3.00/MMBtu. The market is under strong oversupply pressure, and bearish sentiment also dominates in Europe, where supply concerns are mitigated by stable LNG transit and favorable weather. What to […]
Pinch, Punch, bond yields surge as FTSE 100 has bruising start to October Stocks are sinking and global bond yields are rising in an ominous start to the quarter for financial markets. The FTSE 100 is lower by 1.7% so far this morning, and the Dax is also lower by more than 1%, as investors […]
Key takeaways Platinum is priced at $1,699 per ounce, although during the January rally it came very close to $3,000, surpassing previous historic highs. Platinum is currently losing over 3% week-on-week, 2.5% month-on-month, and 20.5% year-to-date, although on a twelve-month horizon it is still up about 8.5%. It is about 42% away from January’s record […]
Monthly Summary September was a month in which the commodities market stopped moving as a whole. The average weekly change of the basket was minus 2.31%, and only eight of the twenty-six instruments finished the last session in positive territory. This is not a picture of a broad bull market or a broad bear market, […]