Copper futures are trading near $6.50 per pound, with prices under pressure as the market weighs conflicting signals from China against renewed concerns over global mine supply. China remains the dominant demand driver for industrial metals, and while improving manufacturing activity offers support, slower industrial-profit growth and reduced trading activity during the country’s extended holiday […]
Cocoa prices remain under pressure as abundant current-season supplies and softer chocolate demand offset growing concerns about the quality and size of the next West African crop. New York and London cocoa futures are trading lower after recent declines, with rising exchange inventories and significantly stronger Ivory Coast shipments adding to the near-term supply pressure. […]
Platinum prices remain under pressure around $1,700 an ounce, with the precious-metals complex facing competing macroeconomic and fundamental forces. Higher crude oil prices and rising Treasury yields are weighing on non-yielding metals as markets assess the risk that persistent energy-driven inflation could keep monetary policy tighter for longer. At the same time, softer U.S. inflation […]
Sugar prices are under pressure from weak near-term physical demand, but the longer-term outlook is becoming increasingly dependent on tightening global supply prospects. New York sugar has retreated from its recent highs, while London white sugar is also under pressure as large potential deliveries against the expiring October contract highlight subdued physical demand. At the […]
The Bank of Japan is moving into a more active phase of monetary tightening, with policymakers increasingly supporting further interest-rate increases as underlying inflation approaches the 2% target and upside price risks remain elevated. The September meeting summary shows a clear shift in the policy debate. Some policymakers argued that the BoJ should accelerate rate […]
Cotton futures are under pressure as prices move lower across the futures curve, while a firmer US dollar and higher crude oil add competing influences to the market. The latest decline leaves December cotton around 78.52 cents per pound, with March 2027 futures holding above 81 cents. Physical cotton indicators are providing a mixed signal. […]
European natural gas prices are easing after a sharp previous advance, but the broader market remains highly sensitive to Middle East developments, LNG availability and Europe’s relatively low storage levels heading into winter. Gas prices remain substantially higher than at the start of the year, reflecting continued uncertainty surrounding the Strait of Hormuz and the […]
Live cattle futures are pushing higher as firm cash cattle values, restricted market-ready supplies and significantly lower year-on-year slaughter continue to support the market. Feeder cattle are also gaining strongly as weaker corn prices improve feed-cost expectations and support feedlot economics. The fundamental picture remains underpinned by tight cattle availability, while mixed boxed beef values […]
Key takeaways Markets are in an upbeat mood this morning, and stocks and bonds are rallying together even though inflation in France was stronger than expected and UK GDP also received a surprise upside revision for the second quarter. This suggests that the main driver for sovereign bonds right now is the oil price. Brent […]
Gold (XAU/USD) edges lower during the Asian session on Wednesday, reversing part of the previous day’s modest recovery gains from the $4,100 neighborhood, or the lowest level since August 5, touched earlier this week. The downside, however, seems cushioned as traders keenly await important US macro data before placing fresh directional bets on the commodity. […]