Commodities

Key Points:  Brent crude oil rises to $82.32 per barrel, and WTI rises to $78.42 per barrel.  US commercial crude oil inventory fell by 1.2 million barrels last week.  EIA raises the 2024 global oil consumption growth forecast by 200,000 …

Wheat prices drop to $6.84 following forecasted rain in southern Russia and Ukraine. A stronger US dollar also pressures the demand of farm goods.

Key points:  Chicago wheat prices rose 0.4% to $7.01 a bushel, marking a 7.6% weekly gain.  Corn futures increased by 0.3% to $4.65-1/4 a bushel, while soybeans fell 0.1% to $12.38-1/4 a bushel.  Chicago wheat prices gained more ground on …

Key points: Oil prices rise on improving demand signals from China and the US. Brent crude and WTI crude futures are set for weekly gains. Oil prices increased on Friday, with global benchmark Brent set for its first weekly gain …

Key points Wheat prices increased by 0.27% to $6.39-2/8 a bushel. Corn and soybeans also showed upward movements, recording gains of 0.22% and 0.02%, respectively. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose to $6.39-2/8 a …

Interest rates matter more than you think. Learn how the Fed’s policies can affect commodity prices. Imagine starting your day with a warm, inviting latte. As you savor the rich aroma and creamy texture, you’re unwittingly experiencing the end result …

Key Points: Iron ore and steel prices in China have seen declines due to easing stockpiling post-Labour Day, with mixed trends in global markets. The property sector’s challenges continue to impact steel demand, although regulatory changes offer a potential boost. …

Key points Soy and corn basis bids have dropped slightly due to increased farmer sales and recent fluctuations in futures prices. Barge freight costs are rising, and international demand remains robust, as seen in recent large-scale wheat purchases by Egypt. …

Key points: Saudi Arabia hikes June crude oil prices for most regions US oil rig count falls by 7 to 499, Baker Hughes reports Brent crude futures gained 51 cents, or 0.6%, to $83.47 a barrel at 0636 GMT, while …

Key Points: Asian stocks reach new heights with investors expecting U.S. Federal Reserve rate reductions. The yen declines after Tokyo’s apparent efforts to strengthen it last week. Asian stocks reached their highest levels in more than a year this Monday, …