Corn Likely to Dip Toward $4 by Year‑end
Corn May Be Leaning Toward $4 vs. $5 for Year-End The December corn future 2026 high is $5.06 per bushel on May 21 vs. the US break-even production cost near $4, which may suggest downward reversion risks. Some combination of WTI crude oil staying above $100 a barrel and a Corn Belt drought may be necessary for corn to sustain a $5 handle. Full report on the Bloomberg here: https://t.co/xnCkZzQ9uI {BI COMD} #corn #crudeoil @BBGIntelligence
Europe’s Gas Supply Safe; Worst‑case LNG Spikes to $54.9
NEW RESEARCH: We modelled three Hormuz closure scenarios. Europe never physically runs out of gas in any of them. But under the worst shock, LNG hits $54.9/MMBtu, above the 2022 peak. Full paper here https://t.co/6fJzMRx2i3 https://t.co/wqPJbHbJua
Gulf Nations Essential for Global Energy Security Amid Price Surge
Qatar, Saudi Arabia and the United Arab Emirates are foundational to energy security, and without energy security, we have nothing. If you were listening to this conversation in 2023, you would have thought it was all about production… That is a...
Gasoline Futures Slip, Sub‑$4 Pump Prices Possible
$3.48 RBOB gasoline futures suggest some modest relief at the pump in the days ahead July RBOB is a dime lower, too The October contract trades $2.83, so sub-$4 at the pump possible by end of summer https://t.co/OmnLTXMVTc
US Crude Drops, SPR Release Offsets, Fuel
US crude oil inventories declined by 7.9 mb to 445 mb. The US government increased supplies from the SPR by 9.9 mb. Both gasoline and distillate inventories are below the 5-year range.
Hormuz Closure Triggers 2026 Oil Shock
[CHARTBOOK] Strait of Hormuz closure and the oil shock of 2026 - slides for a presentation to the British Institute of Energy Economics: https://t.co/yL3UeeaHjW https://t.co/HWXdNxr2vB
Oil Inventories May Hit Bottom by Early August
Col. Doug Macgregor on the upcoming oil inventory shortages: “I think we're going to probably reach the bottom of the oil tank at the end of July, beginning of August.” STAY LONG OIL. https://t.co/7EcASTro86
Investors Forecast Oil at $85 by 2026, 39% Rise
"On oil prices…FMS investors expect oil to trade at $85/bbl (on a weighted-average basis) by end '26 (vs $84/bbl a month ago); this would be a 39% increase from $61/bbl Brent at the start of 2026. 26% of investors expect...
Singapore Secures Full-Year LNG, Cuts Qatar Supply to Zero
Singapore bought enough LNG to last the rest of the year, replacing shipments stuck behind the Strait of Hormuz 🇸🇬💰 Qatar supplied about 40% of Singapore's LNG last year. Now it is zero Singapore can afford procuring expensive LNG from the spot...
China Deals Spark Rally in US Ag Stocks, Commodities
China Agreements Lift Agriculture Stocks and Commodities—Investor optimism that China will start buying more U.S. corn, pork, beef and poultry sent shares in agricultural companies and commodities futures higher on Monday. @PatThomas1318 https://t.co/2WdunRyqoX
Extending Waiver Helps Putin, Costs India Billions
🇮🇳 This morning, prior to today’s decision, I noted in the Daily Energy Report that not extending the waiver is good for India. The waiver more than doubled the price of Russian oil. Without it, Russian oil prices will fall....
Brent Crude Surpasses $110 on US‑Iran Tensions
Brent crude starts the trading week above $110 a barrel in Asia amid stalled US-Iran talks and a fresh set of warnings to Tehran from President Trump. (CNBC table below.) #economy #oil #energy #markets @cnbc
Only $40 Oil Can Halt Growing US Surplus
It May Take $40 Oil to Curtail US Supply Surplus Plunging US demand vs. supply for crude has buffeted broad commodity prices for about two decades, underscoring a key force -- elasticity. Nearing a surplus of 8 million barrels a day...
Copper Prices Surge as Demand Outpaces Supply
Seabridge Gold CEO Rudi Fronk on the BOOM in copper prices: "Copper is now trading at about $6/lb. There's no doubt that the world is going to need more copper going forward... Commodity prices have to go HIGHER because demand is...
Renewable Surplus Doubles Europe's Negative Price Hours
Europe’s negative electricity price hours double in Q1 amid renewables surpluses, market imbalances #energysky -- via pv magazine global: https://t.co/eCCvHwI3qn https://t.co/MVEpX17qEo