Commodities Social Media and Updates
Commodities Social Media and Updates
Commodities Pulse
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
$USO There's a lot going on behind the CL chart, lots of inflationary stuff we will see as the year goes on https://t.co/QQRYWzhzi2
Pakistan looks like the Asian energy importer that is most at risk because of the closure of the Strait of Hormuz. More at today's Chartbook Top Links: https://t.co/7rDXmrxVqy
🇺🇸🇨🇳Trump says they are "resetting" the meeting with China that was supposed to occur March 31-April 2. That's now been pushed 5-6 weeks out, putting it around April 21 - 28. Ag markets had been hoping the meeting would result in more...
Big oil has its prophets of doom. When it's unhappy, it trots them out to prophesy doom. One such forecast in 2022 was oil would hit $380 because of the G7 price cap. This is lobbying on behalf of big...
Great piece by @MelissaLawford in @Telegraph on tanker traffic through the Strait of Hormuz and what's going on in global markets. Brent is up 42% from before the war, a big risk premium. As oil tanker traffic picks up, this...
If you live in Atlanta, what prices have you seen this week for gas? I’m trying to see something 👀👀
The Brent oil price is up 42% from before the war. This shock has spilled over into all kinds of other things, but what spot and options now markets price (blue) is basically on par with what we saw after...
Kate Mackenzie and Tim Sahay at Phenomenal World posted this nice map of the global LNG market. It's featured in today's Chartbook Top Links: https://t.co/hQaQMt4GjH
China's fuel export ban last week is already rippling through the region. Bangladesh, which relies on Chinese diesel and jet fuel, has come out and asked Beijing to honour its contracts. Australia imported a third of its jet fuel from China...
Pakistan’s LNG supply at risk of running out in less than a month 🇵🇰 🚢 Officials warn that there may not be enough gas to meet power needs after April 14 Pakistan imports 99% of its LNG from Qatar. But supplies...
"Minnesota corn farmers withstood a trade war. The war in Iran is the next cost challenge. The conflict is increasing the cost of an essential fertilizer. With corn prices already down, it’s another financial headache for farmers." https://t.co/NT2pX8mfN9
U.S. REFINERS’ gross margin for transforming crude oil into gasoline and diesel has almost doubled since the start of the year as the war in the Middle East hits global fuel supplies even harder than crude oil availability. Stylised margins...
Brent Crude's Pattern: $120 Highs Lead to $40 Lows - Brent crude price surges to $120 a barrel have been resolved near $40 for about two decades. Has that pattern changed? This key macroeconomic question of 2026 may be guided...
I think the most dangerous thing that I see in markets currently is this assumption that, as soon as the war ends, commodity production will just switch back on again. It won’t. It can’t. Commodity production is not like a manufacturing...
The headlines around Iran and the Strait of Hormuz are flipping daily, which is keeping #oil volatility (realized and implied) elevated. Meanwhile, the Brent-WTI spread has jumped back near its highest in 3 years. https://t.co/h3S81SQWjn
CHART OF THE DAY: US retail average diesel prices have topped the $5-per-gallon barrier for the 2nd time ever. That’s freight inflation — and another big hit to the country’s farming economy (and it has received many hit since...
🇺🇸 The year-to-date increase in US gasoline prices is now larger than in 2022. https://t.co/2FtHzNrQpA
Crude oil prices ticked down after Iran said the Strait of Hormuz is open to all but its "enemies", lifting stocks and pulling down the US dollar. Is the crisis ending? #oil #IranWar #stocks #dollar #macro #trading https://t.co/1OST27OxI9
The Iranians ramped the price of oil, forced OPEC to shut in a bunch of barrels, and are still shipping theirs with no issues… Seriously, tell me the boys at Vitol aren’t watching this move in awe…🤣
I am normally not a big fan of conspiracy theories to explain market phenomena. But #Brent futures slid from an intraday high of just over $106 to settle at $100.21 on Monday. The only “explanation” I can find is “because some...
📉The new-crop soybean-corn ratio has hit a two-month low (closer to corn-favoring territory), so will U.S. farmers go easier on the presumed corn ➡️ bean acreage switching? The 2022 ratio move didn't exactly buy corn acres. Fert prices are the obvious...
"China is tightening its curbs on fertilizer exports as the war in Iran disrupts trade of key crop nutrients, driving up prices globally." https://t.co/X35yEEwYZH
Chris Wright: ‘There’s No Guarantee’ Gas Prices Will Come Down #energysky -- via Heatmap News https://t.co/5uYwIoPK6a https://t.co/dvezbMMNE9
Well that’s one way to Make Venezuela’s Oil Great Again…by shutting traffic in the Strait of Hormuz and pushing oil prices into the $90s and $100s https://t.co/0dXdhaPaQ6
Today marks the second Monday in a row where - after a weekend with lots of alarmist talk about how high prices will go - Brent has fallen. That tells you a big risk premium is priced and it's not...
LINK: https://t.co/Iz3LToWVCF A flotilla of Oil Tankers Carrying Saudi Arab Light Crude to Asia Map form @Kpler
My take on the effect of the US-Israel war on India: "It will hit India particularly hard if the price of oil hits $120 / barrel or $200 / barrel because India is the third largest oil importer in the world."...
🚨 NEW POST 🚨 Latest OPEC+ production data heading into the Iran War, as well as estimates of how much production has already been shut in across the Gulf By my tally we're currently sitting at ~8.5 MMbpd confirmed shut it, with...
Gas in the U.S. is now up 25% since the war began and 21% from a year ago. Source: WSJ
The long-term history of the Baltic Dry Index (BDI), the benchmark measure of global dry bulk freight rates. It tracks what it costs to ship commodities like: * Iron ore * Coal * Grain * Bauxite * Steel inputs Because these commodities sit at the very beginning...
The US-Iran conflict pushed oil past $100 a barrel. This is going to keep inflation elevated. Elevated inflation stops the Fed from cutting, which isn’t good for risk assets. I don’t see a super cycle this year only lower lows as stated many...
📉CBOT May soybeans have plunged the daily 70-cent trading limit after weekend U.S.-China talks - touted as successful - were viewed unfavorably (possible Trump-Xi meeting delay, mention of non-soybean row crop purchases). CBOT May bean oil was also limit down....
I’ll be presenting this slide during a speech tomorrow to the Texas Agricultural Cooperative Council. Three of the world’s poorest countries — combined population: 1.8B people — will be hammered by the shutdown of LNG shipments through the Strait of...
Oil shock is reversing (Strait clearing narrative), curve flattening continues (rate hikes priced in), credit widening (HY spread breakout), and rent collapse vindicates office REIT pressure. De-escalation moves favor equities; watch if $94 oil holds or bounces.
💥 We lost about 32% of world traded crude oil supplies. 💥 Rerouting and SPR may cover up to 40% of it AT BEST. Anyone who thinks the rest of the oil industry can stretch its production to cover the GAP knows...
"Dan Pickering...said that while the spot market price for oil was up 65 per cent at $99, it was only up 17 per cent for 2027 and 12 per cent for 2028....not high enough for most producers to get returns...
Gas prices reach highest level since October 2023 as oil holds above $100 per barrel; US stocks jump https://t.co/voUmM6Kcb0
🇺🇸NOPA U.S. crush, Feb. 2026 ▪️208.785 mbu of soybeans ▪️Above all trade estimates (avg was 202.7 mbu) ▪️+17% YOY ▪️Record daily crush rate for any month ▪️Soyoil stocks 2.08 billion lbs ▪️At top end of estimates (avg was 1.928 bln) ▪️+38% YOY; 13yr high for Feb https://t.co/UKXjbnVbZ3
Platts Dubai crude (balance of the month) just broke above $150 per barrel. Extreme scramble for Middle Eastern physical barrels continues. https://t.co/HsxSuMbbVJ
"sources have said all offshore production is now offline" Shut-ins also include some onshore wells. https://t.co/3NlzDrbslp
BBG: "Kuwait Oil Output Falls to About 1.3m B/D With Hormuz Still Shut" Output down to ~1.3 MMbpd vs 1.6 MMbpd last month. Kuwaiti shut-ins have risen to around 1.3 MMbpd from 0.5 MMbpd last week.
Ending the war does not mean ending the crisis. We have countries that literally shut down production because their storage is full. To bring back that oil to a pre-crisis level takes time. For [liquified natural gas] in particular, it takes a very...
President Trump will get his $50 oil price wish before the elections— but only after triggering a global recession. Or: End the war this week and keep flooding the market with SPR releases in the coming months.
U.S. Allows Iranian Tankers to Transit Hormuz as Oil Prices Surge and Select Ships Begin Crossing Strait https://t.co/7Cu9sdFEOi
Gas prices in California are 49% above the US national average. $5.53 per gallon. https://t.co/cdwV8Mxi27
For most of the past three years, falling energy prices have been helping to push the US inflation rate (CPI) lower. But that tailwind will soon become a headwind, with prices of Oil and Gas spiking on a YoY basis......
🚨IEA head Fatih Birol says a wider release than the 400 million barrels announced last week is doable if needed. Full comment at briefing below. #OOTT #EnergyMarkets #energy #IranWar https://t.co/B67fHqNQ73
Silver crashed 5% while gold barely moved. When the gold-silver ratio blows out, it's a recession signal — not a metals trade. Watch $SLV relative to $GLD. It's screaming. https://t.co/C4PLSRcWmS
The funny thing about the Trump admin trying SO hard to jawbone down the price of oil is that the main thing they're accomplishing, beyond a temporary political reprieve, is a delay in the production response from US shale producers.
$USO 30-Minute Chart. Nonstop chatter from White House to talk down oil. But each passing day makes bad situation worse. Watch for cup & handle bullish setup https://t.co/KOm9v3I8j9
