Commodities News and Headlines
Commodities News and Headlines
Commodities Pulse
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Taiwan's state-owned enterprises have signed a trade agreement with the United States committing to purchase $44 billion in liquefied natural gas and crude oil and $25.2 billion in power‑generation equipment by 2029. The deal, announced on Feb. 12, creates a $69 billion energy trade pipeline over the next seven years. It marks the largest U.S. energy export commitment to Taiwan to date. The pact aims to diversify Taiwan's energy sources and deepen bilateral ties.
Oil prices closed Friday largely unchanged after a session marked by sharp swings between macro‑economic headwinds and geopolitical support. Traders weighed the prospect of OPEC‑plus expanding output against lingering demand concerns. The market’s equilibrium suggests that supply‑side expectations have not...
US retail electricity prices have spiked, prompting criticism of new AI data center projects. While AI‑driven facilities consume large amounts of power, they represent a modest slice of total grid demand. The backlash threatens a key source of future natural‑gas...
Expand Energy, the United States' largest gas producer, announced the removal of CEO Nick Dell'Osso. The leadership change coincided with a plan to relocate the corporate headquarters from Oklahoma City to the Houston metropolitan area. Analysts say the ouster is...
On February 3, a pipeline explosion at the Delfin LNG export project in the Gulf of Mexico halted construction and triggered a lawsuit alleging negligence by the developers and contractors. The incident adds to a history of delays that have already...
The Northeastern United States is enduring its coldest winter in over three decades, pushing spot gasoline prices to a significant premium. In contrast, Western Canada is enjoying its warmest winter in a century, easing local fuel costs. The divergent weather...
Oil prices rose on Feb. 13, 2026 as OPEC+ announced an extension of its production cuts through 2027, supporting a tighter market. U.S. crude inventories dropped by 3.2 million barrels, further tightening supply. Brent crude settled at $84 per barrel,...
Bids for Brazil's Santos/Tubarao and Barcarena/Itaqui corn cargo markets rose on Friday, driven by a sudden influx of buyers ahead of the Carnaval holiday. Sellers, however, remain reluctant to negotiate, limiting the sustainability of higher prices. Farmers are curbing forward...
U.S. corn prices remain buoyed by robust export demand that persisted into early 2025, according to Compeer Financial economist Megan Roberts. While prices are still below target levels, the export momentum offsets downward pressure. Roberts noted that a nationwide E15...
U.S. cotton growers are scaling back planting this spring as production costs surge 30% and farmgate prices slump, according to National Cotton Council data. The National Cotton Council’s grower survey shows intended acreage dropping to nine million acres, down from...
Brownfield Ag News reported mixed grain and livestock futures on February 13, 2026. Corn edged higher to $4.31 per bushel, while soybeans fell to $11.33. Livestock showed divergent moves: feeder cattle rose 42 cents to $366.15, whereas lean hogs slipped 55 cents to $91.27....
The USDA’s Farm Service Agency has released $1.89 billion in Emergency Livestock Relief Program (ELRP) payments, representing the final disbursements for producers who applied for 2023‑2024 flood and wildfire assistance. Recipients who previously received partial payments will now receive a second...
Argentina’s early‑February drought is already cutting corn and soybean yields, with Córdoba corn farmers reporting 10‑20 % losses and average yields falling to 6.4‑7 t/ha. In the core soy region, more than 500,000 t of soybeans are lost, pushing yields to about 3.8 t/ha....
U.S. weather forecasters see a shift from La Niña to El Niño by summer, driven by warming central Pacific waters. The transition is expected to bring a wetter spring and an early‑summer rain pulse before a drier late‑season spell. Experts cite analog...
Fastmarkets announced a correction to several EU biodiesel FOB ARA prices published on February 13, 2026, after a calculation error incorporated prior‑day data. The revised figures show modest adjustments, such as UCOME outright rising to $1,419.50 per tonne and RME...
The EPA’s own analysis shows that eliminating federal greenhouse‑gas standards for cars could lift gasoline prices by up to 29% by 2050, adding roughly 75 cents per gallon in constant dollars. Over the 2026‑2055 horizon, consumers may face a net...
Lithuania warned it may negotiate a stand‑alone critical minerals agreement with the United States if the European Union fails to deliver a bloc‑wide pact promptly. The move aims to secure rare‑earths, battery metals and other strategic inputs for its defense...
Midday cash cattle markets stayed quiet, with Nebraska bids at $238 live and Texas asking $245‑247 live but little action. At Wheeler Livestock Auction, steers under 650 lb rose $5‑16 while larger steers held steady and heifers showed mixed price moves....
Cash dairy prices were largely unchanged on Friday, with most commodities holding steady on the Chicago Mercantile Exchange. Butter slipped $0.03 to $1.7050 per pound after Thursday’s gain, while nonfat dry milk edged up $0.0025 to $1.60. Dry whey, 40‑pound...
Political scrutiny of the EU emissions trading system intensified in mid‑February, pushing the front‑year EU ETS contract down almost 6% on Feb 5 and a further 7% after German Chancellor Friedrich Merz’s comments. EU officials denied reports of extending free‑allowance allocations beyond...
Fastmarkets announced that its latest Turkey flat steel price assessments were released with a one‑hour delay. The delayed release includes eight indices covering hot‑rolled, cold‑rolled, galvanized and pre‑painted coils across import, export and domestic EXW/FOB terms. These prices are part...
Slovakia and Hungary have reported a complete halt of Russian crude deliveries through the Druzhba pipeline, marking the latest escalation in the energy conflict between Moscow and Kyiv. Simultaneously, a series of drone attacks this week have damaged several Russian...
Fastmarkets announced a 16‑minute delay in publishing three key price assessments for vanadium pentoxide, tungsten APT, and tungsten concentrate. The delayed entries—MB‑V‑0001, MB‑W‑0001, and MB‑W‑0005—are part of the company’s ores and alloys pricing package. Fastmarkets provided contact details for feedback...
Hecla Mining announced it will spend $55 million on exploration and pre‑development in 2026, almost doubling the $27.7 million invested last year. The budget targets its Nevada projects and existing assets in Alaska, Yukon and Idaho, aiming to replace or exceed annual...
Saudi Aramco will load its first cargoes of Jafurah condensate in March, following the start‑up of the giant Jafurah wet‑gas project late last year. The development converts wet gas into condensate and LPG, adding a new stream to the kingdom’s...
Fastmarkets completed its annual open consultation on pricing methodology for non‑ferrous materials and industrial minerals, running from 6 January to 6 February. No feedback was submitted, so the firm will keep its current methodologies unchanged for the upcoming reporting period. An inquiry...
The Excelerate Shenandoah delivered a full LNG cargo from Trinidad’s Atlantic terminal to the Everett import facility in Boston Harbor. The shipment marks the fourth cargo received at Everett this winter, adding to a total of six deliveries last winter and...
The International Energy Agency trimmed its 2026 oversupply warning after a surprise 1.2 million barrels‑per‑day supply drop caused by cold snaps in the United States and a power‑outage‑forced shutdown at Kazakhstan’s Tengiz field. Europe’s gas inventories fell to just 35 % of...
Silver (XAG/USD) slipped to $77.35 on Friday, unable to sustain a breakout above the $79 resistance level. The metal is trapped below the 50‑period SMA at $81, reinforcing a bearish technical bias. A firm US Dollar Index and cautious market...
Agnico Eagle reported record 2025 gold reserves of 55.4 million ounces, a 2.1% rise, while net income surged 135% to $4.46 billion. Production hit 3.45 million ounces, meeting its target, and the company lifted its quarterly dividend to $0.45 per share. Exploration...
European pulp markets are seeing divergent trends as bleached eucalyptus kraft (BEK) prices jumped $120 per tonne for January, while northern bleached softwood kraft (NBSK) only posted modest gains. The BEK surge is driven by supply constraints from Iberian strikes,...
Senco Gold & Diamonds reported a 39% same‑store sales surge in Q3, driven primarily by a 65% rally in gold prices over the past year. Despite the topline boost, Q3 volumes slipped 3% YoY and nine‑month volumes fell 10%. EBITDA...
Australia’s latest carbon leakage review recommends a carbon border adjustment mechanism (CBAM), beginning with cement and clinker imports and potentially expanding to hydrogen, steel, ammonia and related products. The review, led by ANU professor Frank Jotzo, evaluated 75 trade‑exposed commodities...
A&S Resources announced strategic contracts to develop a 20 billion‑tonne high‑grade iron ore deposit in the Central African Republic, valued at up to $2.5 trillion in‑situ. The resource, located in the Bangui Anomaly, has been validated by an independent technical report, confirming...
Fastmarkets corrected the pricing rationale for its Premium Hard Coking Coal (PHCC) index FOB eastern Australian ports on 12 Feb 2026. The index fell $2.43 per wmt that day, reflecting limited market activity and the application of fallback measures. A notable trade...
Cameroon’s ship registry, now Africa’s third‑largest, surged 126% in the past year, largely due to Russian‑linked vessels adopting its flag. The fleet’s average age has risen to 32.7 years, prompting safety concerns after several high‑profile incidents. Under pressure from the EU...
Maran Dry, the bulk carrier arm of Angelicoussis Shipping, has placed an order for four new capesize vessels at Hengli Heavy Industry’s Dalian yard, with options that could expand the deal to six ships. This marks the company’s first new‑build...
A Federal High Court in Nigeria overturned the 2020 revocation of the Dawes Island marginal field licence, reinstating Eurafric Energy Limited’s rights. The ruling challenges the Ministry of Petroleum Resources’ decision not to renew the licence after a decade of...
MOL Group has secured a 20% stake in Libya’s O7 offshore block through a joint venture with Repsol and Turkey’s TPAO. The block covers over 10,300 sq km in water deeper than 1,500 m, awarded in Libya’s first licensing round in 17 years....
ONE‑Dyas has launched the N05‑A development in the Dutch‑German North Sea, becoming the region’s first offshore gas project to earn MiQ Grade A certification for methane emissions. The field, part of the GEMS area, holds up to 50 billion cubic metres of...
YPF, Eni and XRG have signed a binding joint development agreement to move the Argentina LNG project forward, leveraging gas from the Vaca Muerta shale play. The plan calls for two floating LNG units delivering a combined 12 million tonnes per year...
Patriot Resources, an ASX‑listed junior, has assembled a global copper‑silver portfolio aimed at capitalising on the AI‑driven data‑centre boom. The company recently secured the high‑grade Tassa silver‑gold project in Peru for $500,000 and is advancing drilling that has returned multiple...
The Grain Industry Association of Western Australia (GIWA) announced a record 2025‑26 harvest of 27.35 million tonnes, surpassing its December forecast of 26.55 Mt. Yield gains were driven by adequate July‑August rainfall, mild grain‑fill temperatures, and a 6.8% expansion of total crop...
Metals essential to electrification are seeing demand outpace supply, with copper at the core of grid, transportation, and industrial upgrades. VanEck’s Copper and Green Metals ETF (EMET) offers investors a liquid, diversified way to capture exposure to copper miners, refiners...
China National Offshore Oil Corporation (CNOOC) announced a 40% increase in offshore wind capacity for 2026, targeting 3.5 GW of installed power. The expansion, executed with turbine maker Ming Yang Smart Energy, will roll out advanced turbines across southern provinces. Falling costs...
Natural‑gas spot prices surged as freezing temperatures drove heating demand, but the rally was tempered by broader market weakness. Midwest hub prices posted gains, yet they were insufficient to lift the overall bias, which slipped lower across most regions. Forecasts...
Natural‑gas futures surged early Thursday after the Energy Information Administration reported a 249 Bcf net withdrawal for the week ending Feb. 6, marking a second consecutive week of above‑average draws. The data lifted front‑month prices as traders priced in tighter supplies, but...
Canadian dairy farmer organizations are overhauling milk pricing to reflect a surge in protein‑rich product demand, with cottage cheese volumes up 32% and yogurt up 7% in 2025. The Western Milk Pool will pay 70% for butterfat, 25% for protein...
TotalEnergies announced that Mexico’s Energía Costa Azul LNG terminal is expected to enter service later this year, adding a new export hub on the Pacific coast. The company projects a total LNG output of 44 Mt per year from its combined...
Natural gas cash prices showed regional divergence on Thursday, with the Henry Hub benchmark rising to $3.425 per MMBtu, up 18 cents, while the NGI Spot Gas National Average slipped 2 cents to $2.955 per MMBtu. The overall market trend...
