Know What's Happening in Commodities
Know What's Happening in Commodities
OPEC+ agrees modest oil quota increase amid Middle East war
OPEC+ members agreed in principle to raise production quotas for May by roughly 206,000 barrels per day, a symbolic adjustment as the war constrains output and shipments. Saudi Arabia and Russia led the video‑conference decision, signaling alliance cohesion despite the geopolitical shock.
Tecnoglass Inc. trimmed its 2025 revenue midpoint guidance by $20 million after commercial construction invoicing slowed, with roughly half of the shortfall expected to roll into 2026. The company faces sharply higher aluminum input costs—LME prices up 15% and U.S. premiums up 65%—which are pressuring margins and delaying smaller projects. Management projects double‑digit top‑line growth in 2026, driven primarily by volume expansion across new U.S. markets and a growing installation mix. A multi‑year, $375 million automated plant is under study, while share buybacks and a net‑cash position support capital allocation flexibility.
A good week for the oil glut story U.S. comparative inventory rose 12 mmb for the week ending February 20 Crude C.I. rose 13 mmb, gasoline was flat and rose distillate rose 0.1 mmb #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities...
A very compelling chart. The recent rally in metals and mining has not yet evolved into a material inflationary impulse, in my view. Markets still seem to be dismissing that possibility — even though history suggests otherwise. https://t.co/FhHZJUOI67
The Northern Territory recorded a $1.7 billion gold output in 2024/25, aiming for a $2 billion target. Mining Minister Gerard Maley stressed that the region remains under‑explored and called for intensified prospecting to sustain future projects. The government also seeks to broaden...
The U.S. Energy Information Administration released data showing a massive 16 million‑barrel‑per‑day increase in crude output, the largest build in years. Despite the headline‑grabbing surge, equity and commodity markets barely moved, as traders remain fixated on escalating Iran‑Israel tensions. Simultaneously, the...
Soybeans and corn rallied on short covering and a weaker U.S. dollar, lifting both grain complexes despite mixed weather signals. Brazil’s soybean harvest is progressing, but export forecasts were trimmed to 10.69 million tons, while Argentina’s rain benefits later‑planted beans. Traders...
U.S. Department of Agriculture’s Foreign Agricultural Service projects Canadian wheat ending stocks at 5.82 million tonnes for 2025‑26, notably lower than Agriculture and Agri‑Food Canada’s 7.35 million‑tonne estimate. Both agencies still forecast a record 39.96 million tonnes of total wheat production, up 23 %...
Lundin Gold is investing $100 million in 2026 to deepen exploration at Ecuador’s Fruta del Norte mine, aiming to extend its life amid robust gold prices. The Canadian miner has partnered with Australian firm Fleet Space Technologies, using the ExoSphere platform...
The WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has surged roughly 42% since the start of 2026, reflecting a broader rally in gold prices. The World Gold Council attributes the rally to heightened geopolitical risk and the prospect of rising...
U.S. ethanol production held steady at 1.113 million barrels per day, slipping 5,000 barrels from the prior week but climbing 32,000 barrels year‑over‑year as plants chase demand. Iowa State University’s Center for Agricultural and Rural Development reported improved operating margins...
Saskatchewan Premier Scott Moe is leading a week‑long trade mission to India, concentrating on agriculture, potash and uranium. The trip coincides with the Raisina Dialogue and runs alongside Prime Minister Mark Carney’s meetings with Prime Minister Narendra Modi. Moe aims...
The USDA Economic Research Service forecasts a 2.5% rise in overall grocery prices for 2026, slightly below the 20‑year average of 2.6%. Seven of the 15 food‑at‑home categories, including beef, fish, sugar and non‑alcoholic beverages, are expected to outpace the...
North Sea crude spreads fell to a two‑month low after Vitol and TotalEnergies halted a heavy buying spree, pushing the WTI Midland spread to just $1.70 above Brent. Derivative indicators turned bearish as weekly Brent CFDs entered contango and the...
Futures opened narrowly mixed as traders focused on month‑end positioning, with limited fresh news and low volume. In South America, Brazil soybean quality is slipping due to excess moisture, raising concerns for both soy and upcoming corn crops. Meanwhile, wildfires...
Fastmarkets announced that the contract price for spodumene min 6% Li2O CIF China was published 2 hours 36 minutes later than scheduled. The price is part of Fastmarkets' industrial minerals package and serves as a benchmark for global lithium‑ion supply...
Fastmarkets announced a consultation to revise its black‑mass pricing methodology after China lifted its import ban and imposed stricter metal‑content rules. The new specifications require nickel‑cobalt‑manganese (NCM) black mass to contain 20‑25% nickel, 3‑10% cobalt and 3‑4.5% lithium, with total...
Oil peaked in 2008 at $140 and has fallen sideways since to ~$65 today. In hard-money gold terms, 1 ounce buys 100 barrels of oil. Oil has been deflating for decades. The only time it was cheaper was 2020 when...
The United States imposed a new 10% tariff on imports of benzene, toluene and mixed xylenes (BTX), effectively closing paper arbitrage opportunities despite sizable price premiums over South Korean supplies. With freight costs around $72 per tonne, the tariff neutralises...
The EPA is expected to drop the controversial half‑RIN rule and raise biomass‑based diesel renewable volume obligations (RVOs) to 5.25 billion gallons in 2026 and 5.61 billion gallons in 2027, roughly a 20% increase over the June proposal. Using an average equivalence...
President Donald Trump claimed the United States received over 80 million barrels of Venezuelan crude, a figure far exceeding reality. Vortexa ship‑tracking data shows U.S. imports of Venezuelan oil totalled about 17.7 million barrels, roughly 300,000 barrels per day, in January and...
The U.S. Treasury's Office of Foreign Assets Control (OFAC) announced it will approve third‑party applications to resell Venezuelan crude and refined products to Cuba. Transactions must follow the same conditions as U.S.-authorized sales to Venezuela's state oil firm, including depositing...
Saudi Arabia’s largest oil shipper, Bahri, provisionally chartered five very large crude carriers as daily charter rates neared $200,000, the highest level since 2020. The vessels are slated to move Saudi crude to Asian markets, chiefly China, in the coming...
Germany's Bundestag will vote on a hydrogen acceleration law that expands eligible infrastructure to include carbon‑capture‑and‑storage (CCS) based hydrogen production. The amendment also adds import facilities for power‑to‑liquid fuels such as synthetic aviation fuel. Projects designated as "overriding public interest"...
Lineage reported flat Q4 revenue of $1.34 billion and a modest $6 million net profit as the cold‑storage market works through a 10% oversupply. New refrigerated space expanded 14.5% from 2021‑2025, while demand rose only 5%, creating a capacity gap that is...
Last night’s State of the Union address tied AI dominance to power plants, permits, and domestic mining. Earlier in the day, the House Energy & Minerals Subcommittee debated how to actually fix the mineral markets behind that ambition via the SECURE...
@GrainsGorilla your bearish tenacity may be about ready to payoff, at least for a little while. May be time time to shake the trees for a little bit and give some relief to the bears it seems. ...
Ontario natural gas storage remains well below the five‑year average, sitting 27.7 Bcf short and driving Dawn hub prices higher as winter ends. Seasonal withdrawals are the third‑largest on record, with the March exit projected near 60 Bcf. The forward price curve...
Americans are exhausted by prices that remain far above pre-pandemic levels. From a year earlier: Coffee +18.3%. Ground beef +17.2%. Electricity +6.3%. AFFORDABILITY = TRUMP'S ACHILLES HEEL. https://t.co/b1uvKYJPHt
Lithium Corp $LTUM Junior spec run by Tom Lewis: Lithium, Graphite, Fluorspar & Neodymium ... https://t.co/gv3RzOcArh
The episode examines the looming loss of Renewables Obligation (RO) support for UK waste‑wood biomass plants in 2027 and the resulting risk of a 3 million‑ton oversupply of waste wood. Richard Coulson of the Wood Recyclers Association explains how the sector...
Are the RUSSOPHOBES in Europe still buying Russian oil? The answer is YES. SANCTIONS = NEVER WORK. https://t.co/EGIEz4CjE2
Gold and silver pumping tells us money is moving to safety. That’s simply the current appetite of investors. Crypto still trades like is a risk asset. Long-term I’m bullish. Short-term, you need to start respecting where we’re at in the cycle.
Last week global gas markets split, with Asian spot LNG rallying to the low‑$11/MMBtu range while European TTF and US Henry Hub prices eased. In Northeast Asia, the JKM benchmark rebounded after a brief dip, driven by renewed buying from...
Since October 2022, China’s gold reserves have SURGED by 260%. BUY GOLD, WEAR DIAMONDS. https://t.co/ot9Q5fMQ8n
CL had OD/ID BO pattern, but no range expansion (yet)...significant zone comes in well below. https://t.co/vLjGgmEMpf
Canada’s Agriculture and Agri‑Food department has amended the AgriStability program to treat pasture‑related feed costs as an eligible expense. The change, announced by Minister Heath MacDonald, takes effect for the 2026 program year and applies to livestock producers who graze...
U.S. shale isn’t dead but frack fleets are heading overseas “The opportunity in Argentina is one of the most promising," says Patterson-UTI Energy CEO. https://t.co/BGmL1ZLCnL #Shale #Oil #Fracking #EnergyMarkets #SupplyConstraints
OPEC+ likely to restart supply hikes The oil glut is looking more like Y2K Still, OPEC+ increases will probably be cautious. https://t.co/XT9I0sGhYp #Oil #OPECPlus #EnergyMarkets #Geopolitics #Shale
Russia's finance ministry announced plans to lower the cut‑off price that triggers the transfer of oil revenues into the budget reserve fund. The move aims to channel more of the declining oil proceeds into the $56 billion reserve to protect it...
🇺🇸U.S. ethanol production continued at a strong rate last week, topping 1.11M barrels per day for a third straight week. For the last three weeks, output has been about 3% above the year-ago levels. https://t.co/VcHmt2Mthb
Japan’s LNG resales hit a record in fiscal 2024, surpassing the volume imported from any single supplier. Declining domestic consumption, driven by nuclear restarts, efficiency gains and renewable growth, has pushed utilities and trading houses to redirect surplus cargoes to...
RBOB gasoline futures down 1% YoY... very likely to turn up YoY in the weeks ahead... $3 pump prices absolutely coming $UGA $RB_F https://t.co/H5sX1paGVU
Crude oil rallied to $65.89 per barrel this morning as concerns over a potential Iranian conflict resurfaced, while the Canadian dollar held near 65.89 U.S. cents. In the grain sector, canola futures slipped to C$690.20 a tonne, pressured by a...
Indonesia, which supplies roughly 65% of global nickel, is set to increase output to 2.9 million tonnes in 2026, an 11.9% rise from 2025. The boost stems from expanded mining permits at Weda Bay and the commissioning of several high‑pressure acid...
European day‑ahead power contracts plunged on Wednesday as wind generation surged and demand fell across the region. Germany's baseload price dropped 20.6% to €75/MWh, while France’s fell 30% to €21/MWh. Wind output is set to reach 23.8 GW in Germany and...
Zambia will establish a “rainy day” stabilisation fund to lock away surplus copper revenues as production hits record levels and prices hover near historic highs. The Treasury plans to finalise the fund’s framework this year before beginning deposits, using the...
I can't remember--who was the president 10 years ago? That Administration's decision to grant permits for LNG exports was a boon for the domestic O&G industry while also helping U.S. and European security by reducing dependence on Russian energy exports.
Australia’s coal output remained flat in 2025 at roughly 65 mt, buoyed by the Olive Downs Complex and efficiency gains at Hunter Valley and Dawson. A 3.9% rise to 483.2 mt is forecast for 2026, driven by the Maxwell underground ramp‑up, capacity...
Severe congestion at Kenya's Port of Mombasa is disrupting East Africa's coffee trade, with major exporter Sucafina warning of missed shipments and rising costs. Truck queues, customs bottlenecks, and limited empty‑container depots have left vessels idle and cargo handovers delayed....
Managed‑money funds have begun easing their long‑standing short stance in wheat, reducing a net short of 97,370 contracts (13.2 million tonnes) after buying back 26,772 contracts in the week to February 17. The spring wheat market remains the most heavily shorted, with...
