Know What's Happening in Commodities
Know What's Happening in Commodities
OPEC+ agrees modest oil output increase amid Middle East tensions
OPEC+ members agreed in principle to raise oil production quotas for May by roughly 206,000 barrels per day. The modest increase is intended as a symbolic gesture to demonstrate alliance cohesion despite the war that is constraining output and shipments.
Also developing:
The recent pre‑emptive Israeli strike on Iran has reignited geopolitical tension, prompting a sharp rally in precious metals. While Indian MCX gold and silver futures slipped modestly on Friday, COMEX prices surged, with gold up 2% to $5,296 per ounce and silver jumping nearly 8% to $93.82. Commodity expert Anuj Gupta forecasts a gap‑up opening for both metals on Monday, citing heightened safe‑haven demand. He advises buying MCX gold at Rs 1,60,000‑1,61,000 and MCX silver at Rs 2,78,000‑2,80,000, with defined stop‑loss and target levels.
Is Crude Oil Becoming a Rally to Sell? US crude and liquid fuel net exports approaching 4 million barrels a day in 2026 -- the highest ever -- may be a primary price-pressure factor for oil. My graphic shows an annual...
Lithium bottom: demand +25% as EV/ESS rebound; SQM+Codelco JV raises low-cost supply, tightens cost curve; prices ≈70% below 2022 — overweight low-cost lithium producers. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
Since its September 2025 debut, the Sprott Active Metals & Miners ETF (METL) has delivered a cumulative return exceeding 50%, outpacing the broader Natural Resources sector. The fund’s portfolio is notably overweight in copper and uranium, differentiating it from gold‑centric...
EU proposes CBAM treatment for pre-consumer aluminium and steel scrap to curb circumvention and boost traceability. https://www.metalnomist.com/2026/02/eu-cbam-pre-consumer-scrap-proposal.html
$Gold - The 14 month RSI closed at 95.67, its highest level in history, but it probably doesn't matter since gold closed the month above the 1st yearly resistance at 5043, and is headed to the 2nd yearly resistance at...
A G7‑backed price cap on Russian oil, introduced in 2022, is shown to boost near‑term extraction while curbing global oil prices and volatility. The cap neutralizes market power and reduces the option value of holding reserves, shifting producer incentives toward...
Reports of Chinese drones to Iran are plausible But talk of hypersonics is a leap. If true, I see little effect for the present Iran crisis Markets agree with Brent rolling into contango. This looks like calibrated support, not crisis-altering escalation https://t.co/x606IhOrev #Iran...
Brent DFL rolling into contango suggests the market is fading the Iran oil disruption risk @Rory_Johnston A US strike will probably still happen But traders aren’t pricing sustained barrels off the market. #Oil #Brent #Iran #EnergyMarkets #Geopolitics
NRG Energy announced plans to add 6.4 GW of gas‑fired generation capacity aimed at powering the United States’ rapidly expanding data‑center sector. The utility sees data‑center electricity demand outpacing traditional commercial loads, prompting a strategic shift toward flexible, dispatchable gas assets....
February... Silver $SLV: +13% Energy $XLE: +10% Gold $GLD: +9% International Developed $VEA: +6% EM $IEMG: +6% Oil $USO: +3% Bonds $AGG: +2% S&P 500 $SPY: -1% Nasdaq 100 $QQQ: -2% Financials $XLF: -4% Mag 7 $MAGS: -7% Software $IGV: -10% Bitcoin $IBIT: -22% Fartcoin $FART: -31%
Two major LNG export projects on the U.S. Gulf Coast are taking divergent routes. One developer announced confidence in securing investment and long‑term offtake contracts, signalling a clear path to construction. The second project’s sponsor warned that without an external...
U.S. natural‑gas futures slid below $3 per million British thermal units, marking a five‑month trough. The decline stems from milder winter forecasts that curb heating demand as the season ends. Elevated storage levels further buttressed the price drop, while market...
Oil prices jumped to eight‑month highs on Friday as diplomatic hopes between the United States and Iran faded, reigniting geopolitical risk premiums. Brent crude breached the $85‑per‑barrel mark while U.S. West Texas Intermediate rose above $80. Traders cited potential supply...
The article challenges the conventional view that soybean price direction is driven solely by balance‑sheet metrics such as ending stocks. While 2024 forecasts show abundant production and high inventories, cash prices remain firm, suggesting that supply‑side fundamentals are more nuanced....
Oil prices stayed flat this week, with Brent hovering between $69‑73 and closing just above $72.5 per barrel. Prompt‑month spreads and Brent Dated‑Forward‑Line moved into contango, indicating freight‑rate pressure on the market structure. U.S. crude inventories rebounded while Europe and...
Brent crude has nudged into the low $70s as U.S.-Iran tensions rise, underscoring the market’s sensitivity to the Persian Gulf. About 20% of global oil passes through the Strait of Hormuz, a narrow chokepoint that could be disrupted by conflict....
U.S. grain futures closed modestly higher on Feb. 27, 2026, with March corn up 5.4 cents to $4.38, soybeans gaining 9.5 cents to $11.57, and Chicago wheat rising 19.5 cents to $5.91 per bushel. Rough rice also posted a 45‑cent...
The U.S. farm machinery market entered a deep downturn in 2025, with tractor sales falling 9.9% to 195,857 units and combine sales plunging 35.6% to 3,579 units. Manufacturer inventories shrank 20.8% to $5.72 billion, while dealer surveys showed over two‑thirds reporting...
Vice President J.D. Vance used a post‑State of the Union stop in Plover, Wisconsin, to spotlight the farm commodity‑price crisis and rising input costs. He promised continued bipartisan efforts with Agriculture Secretary Brooke Rollins to keep farmers afloat amid low...
U.S. CRUDE and condensate production from the Lower 48 states excluding federal waters in the Gulf of America/Mexico has flattened in response to the downturn in prices and drilling. Lower 48 onshore production was up by just 90,000 b/d in...
In this episode, Argus’s Sarah and VP of Business Development Alfonso introduce the new FOB Strait of Malacca price assessments for Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) in the Asia‑Pacific region. They explain why the assessments are...
UK hot‑rolled coil (HRC) prices are trading at an average €62 per tonne discount to north‑European benchmarks after Tata Steel UK closed its last blast furnace in September 2024. Imports have surged from 770,000 t in 2023 to 1.4 million t in 2025,...
The CME Group’s CBOT delivery intentions for March show modest soybean and corn allocations but a notable 340‑ton commitment for soybean oil and 445 tons of rough rice. Market commentary indicates mixed price trends across major grains—wheat edged higher in...
Transformer supply is hitting a critical bottleneck as lead times for large units have more than doubled since 2019 and U.S. prices have surged 79%. Hitachi Energy is responding with a $1.5 billion investment in new manufacturing capacity, part of a...
In this episode, Argus's Way to Freight talks with Dr. Ibrahim Alnathiri, CEO of Asyad Shipping, about the company’s aggressive fleet renewal and expansion, including the recent purchase of three VLCCs and four other newbuilds. Alnathiri explains how a younger,...
Gold surged past the $5,200 per ounce mark, targeting a seventh consecutive monthly gain as investors seek safety amid escalating US‑Iran tensions. The geopolitical flashpoint has revived haven demand, outweighing the muted impact of a weaker US Producer Price Index....
Gunnison Copper (TSX:GCU) lifted its preliminary economic assessment, pushing the project’s net present value to $1.95 billion and the post‑tax IRR to 23% while extending mine life to 21 years. Capital spending rose 18% to $1.54 billion, reflecting operational upgrades such as...
Silver has become a strategic material for the clean‑energy transition, with solar photovoltaics now accounting for roughly 17% of global silver demand. Primary ore grades are falling, pushing the industry toward higher‑grade, above‑ground sources such as retired solar panels that...
The framing here just seems so clear to me. AI buildout requires a ton of real assets and commodities to complete Cyclical re acceleration is bullish commodities Everyone is overweight tech and AI is now questioning the validity of the multiples...
Venezuelan heavy crude is reentering the unsanctioned global market for the first time in seven years after the United States assumed control of PDVSA. The bulk of the renewed shipments are expected to flow to the U.S. Gulf Coast, with...
Deflation May Reign If Metals Meet High-Price Cure - That orange juice and cocoa were the worst-performing commodities in 2025, after being among the best in 2024, may foreshadow metals in 2026. In the history of the Bloomberg Commodity Spot...
CHART OF THE DAY: The cost of European CO2 allowances has fallen ~20% in recent days after several key countries asked Brussels for a reform. Italy has gone as far as asking the Emissions Trading Syste to be suspended. CO2...
Burger King has been steadily boosting store‑level profitability, posting double‑digit earnings growth across its U.S. locations. However, a sharp rise in beef prices—up roughly 35% since early 2025—has begun to erode those gains. The chain responded with modest menu price...
From Top Commodity Value to Stretched Speculation - Metals 2026: The Bloomberg All Metals Total Return Subindex represents the top-performing sector over time, but metals may have entered the high-price cure stage of a bull market. The highest-velocity rallies since...
📈Funds bought a massive amount of CBOT wheat in the week ended Feb. 24. Net buying neared 51,000 futures & options contracts, the third most for any week on record. Funds were net short 17.3k contracts as of Feb. 24, but...
SEB analysts warned that the oil market is jittery ahead of the weekend, with Brent crude hovering around $71 per barrel after trading in a $69.16‑$72.61 range. The report outlined four price scenarios, ranging from $55 to $150 per barrel,...
Gold $GLD just another record monthly high.. by a mile. 7-month winning streak... +9% in February https://t.co/K0ucOz3DnD
America’s net import reliance for critical minerals in 2025, along with the primary countries supplying them between 2021 and 2024 https://t.co/89QwEHKe16 via @visualcap
🇺🇸2026 U.S. insurance guarantees: Corn: $4.62 per bushel (down 2% from last year) Soybeans: $11.09 per bushel (up 5% from last year) https://t.co/QFcJ5xrOCI
Stock market volatility is still buried. Falling cryptos, T-bond yields and spiking precious metals volatility may trickle down. https://t.co/SeGPI6EvAe
I run a family account that is very light on profanity, but I'm making an exception here because this is highly relevant re: policy - i.e., the market response to tariff refunds - and is also kinda funny https://t.co/W4w9escVzV https://t.co/5sIpIX72ON
When (any) price is right: Rising power prices are still a small slice of Big Tech's spending. https://t.co/FLLrii1nD4 via @McKinsey in @axios
ICYMI: Glencore to buy almost $115 million of cobalt from industry veteran Weisfisch, sources say https://t.co/mu9OLpnjiO
Exclusive: GKN cancels plans for magnet factory in setback for Europe's rare earths plans https://t.co/KLadnSKxvw
"Core wholesale prices rose 0.8% in January, much more than expected" https://t.co/LVa2AuC787 "For the full year, core wholesale prices accelerated 3.6%" Big Jan26 drivers: -professional & commercial equipment wholesaling services -Trade services -metals https://t.co/SIuJIRE7bD
$IPI Daily. Clean base breakout for Intrepid Potash to dovetail the surge in Wheat this week. Ags heating up. $CF worth a look long, too. https://t.co/xrg1BQiWhA
Is Lithium about to pull 'a Silver' in March and April? $ALB $SQM $LIT $LAC https://t.co/Db55dIPSLT
After the January sell-off, gold has settled above $5,000. So that sell-off wasn't a sell-off at all, it's a pause. We saw the same thing after the pull-back in October after the IMF/WB meetings. A short pause before the debasement...
India prioritizes national security and economic growth above aggressive, ideologically driven climate policies seen in some European countries. India seeks to cut power sector coal imports by 30% this year, sources say https://t.co/bA7W0ywe6Y
