Oil prices reset as stranded Gulf barrels head for market
Wednesday, June 24,2026,05:30
Key points: The market has shifted from pricing missing barrels to pricing their return, creating short-term glut concerns. Heavy commercial and strategic stock draws helped avoid a crisis but will eventually need to be replenished. Contango across parts of the Middle Eastern crude market signals temporary oversupply, not a structurally weak oil market. Brent gross short positions have surged to pandemic-era highs, leaving the market vulnerable to sharp reversals if supply recovery disappoints. Oil prices have continued to retreat, with Brent crude falling below USD 76 per barrel to trade only around 7.5% above the USD 70 ceiling that capped prices before the Strait of Hormuz disruption. ... .. read more..
Gold prices fall Rs 2,200/10 gms; silver tanks Rs 3,300/kg as rate hike fears...
Wednesday, June 24,2026,00:14
Gold and silver prices fell sharply on MCX on Wednesday as a stronger U.S. dollar and rising expectations of Federal Reserve rate hikes dampened sentiment, outweighing support from easing oil prices and the gradual reopening of the Strait of Hormuz. .. read more..
Watch for corn to rise above 200-day moving average later this year
Tuesday, June 23,2026,22:11
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Due to very favorable growing conditions, December 2026 Corn has traded below the 200-day moving average since early June. To explain this trend, first we observe that Managed Money funds have... .. read more..
Oil Price Today (June 24): Crude oil near 4-month low as more tankers pass th...
Tuesday, June 23,2026,22:11
Oil prices extended their decline on Wednesday, hovering near the four-month lows touched in the previous session, as signs emerged that more oil tankers stranded in the Gulf since the start of the Iran conflict are preparing to move through the Strait of Hormuz. .. read more..
Gold slips as Fed rate-hike expectations buoy dollar
Tuesday, June 23,2026,21:53
Gold prices dipped on Wednesday, reaching their lowest point since June 11, as a stronger dollar, fueled by anticipated U.S. interest rate hikes, made the precious metal pricier for international buyers. Investors are also weighing mixed signals from U.S.-Iran peace talks, adding to market uncertainty. Meanwhile, Dubai's commodities exchange is set to launch a new gold contract to boost liquidity. .. read more..
Oil prices extend decline on expectations of smoother crude flows via Hormuz
Tuesday, June 23,2026,21:50
Oil prices dipped to four-month lows as tensions eased between the US and Iran, paving the way for more tankers to navigate the Strait of Hormuz. Following peace talks and a sanctions waiver, Iran's oil sales are expected to increase. Discussions are ongoing regarding navigation in the vital waterway, with ship-tracking data indicating a gradual resumption of traffic. .. read more..
Hogs Close Mixed on Tuesday
Tuesday, June 23,2026,17:20
Lean hog futures were mixed at the Tuesday close, with contracts down 42 cents in July to up 50 cents in August and most of the rest of the board in between. USDA’s national base hog price was reported at $97.26 on Tuesday afternoon, down 51 cents from the day... .. read more..
Cattle Faces Tuesday Weakness, Despite Beef Strength
Tuesday, June 23,2026,17:20
Live cattle futures were down 67 cents to $1.35 across most contracts on the day. Cash trade has yet to develop this week, as sales crept up to $258-260 last week. Feeder cattle futures were 42 cents to $2.27 lower at the close. The CME Feeder Cattle Index was up... .. read more..
Cotton Faces Modest Pressure on Tuesday
Tuesday, June 23,2026,17:20
Cotton futures saw sharp front month losses of 125 to 148 points in the old crop, with other contracts down 12 to 87 points. Crude oil was down another 81 cents/bbl to $73.19. The US dollar index is up another $0.391 at $101.165. Monday afternoon’s Crop Progress showed 92% of... .. read more..
Wheat Collapses Lower on Tuesday
Tuesday, June 23,2026,17:20
The wheat complex was pressure across the three markets on Tuesday, with spring wheat leading the bears. Chicago SRW contracts were 8 1/4 to 10 3/4 cents in the red at the close. KC HRW futures posted 13 to 15 1/4 cent losses across the board. MPLS spring wheat was... .. read more..
Soybeans Hold Near Unchanged on Tuesday
Tuesday, June 23,2026,17:20
Soybeans closed mixed on Tuesday, with front months steady to 1 ½ cents higher and deferreds up 1 to down 1 ¼ cents. The cmdtyView national average Cash Bean price was up 1 1/2 cents at $10.66 ¾. Soymeal futures were up $2.10 to $3.10 in the nearbys, with Soy... .. read more..
Corn Closes Mixed on Tuesday with Front Month Weakness
Tuesday, June 23,2026,17:20
Corn futures were mixed on Tuesday, with nearbys through September 2027 down 1 to 2 ¼ cents lower and deferreds fractionally to 2 ¼ cents higher. The CmdtyView national average Cash Corn price was down 1 3/4 cents at $3.79 1/4. USDA reported a private export sale of 100,000 MT... .. read more..
Could BHP’s leadership change enable steel decarbonisation reset?
Tuesday, June 23,2026,17:00
BHP will welcome a new CEO on 1 July, creating an opportunity for the company to reset its strategic approach to steel decarbonisation, according to new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) The arrival of Brandon Craig brings the potential for the mining giant to shift its current stance on ... .. read more..
Gold prices slip as stronger dollar, Fed hike bets weigh
Tuesday, June 23,2026,17:00
Gold prices fell about 1.5% on Tuesday as a firmer U.S. dollar and rising expectations of Federal Reserve interest-rate hikes this year dented demand for the non-yielding metal, while investors also weighed progress in U.S.-Iran peace negotiations. Spot gold fell 1.55% to $4,126.45 an ounce by 06:42 ET (10:42 GMT). U.S. Gold Futures slipped 1.63% ... .. read more..
One Week to the USDA Acreage Report — Here's What to Watch in Corn, Beans & W...
Tuesday, June 23,2026,16:50
Corn, soybeans, and wheat appear to be stuck in a rut as traders anxiously await next week's acreage report. .. read more..
Shootin' the Bull about picky traders
Tuesday, June 23,2026,16:34
Traders continue to be picky as to when, and by how much, they converge basis on any given day. .. read more..
Grain Spreads: Trading Gameplan
Tuesday, June 23,2026,16:27
Nat Gas and Soymeal Dissected .. read more..
How will Screwworm Impact Cattle Prices?
Tuesday, June 23,2026,15:00
Cattle futures are in the heart of the 2026 grilling season, which began in late May and will run through early September. Cattle futures remain in a long-term bullish trend, but the outbreak of screwworm in Texas could cause significant volatility over the coming weeks and months. .. read more..
Sugar Prices Finish Higher on Mild Short Covering
Tuesday, June 23,2026,14:26
July NY world sugar #11 (SBN26 ) on Tuesday closed up +0.07 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.70 (+0.16%). Sugar prices settled higher on Tuesday amid some mild short covering as prices consolidate recent losses. On Monday, NY sugar fell to a 2-month... .. read more..
Cocoa Prices Supported by Heavy Rains in the Ivory Coast
Tuesday, June 23,2026,14:25
July ICE NY cocoa (CCN26 ) on Tuesday closed up +20 (+0.44%), and July ICE London cocoa #7 (CAN26 ) closed up +23 (+0.66%). Cocoa prices added to Monday’s sharp rally on Tuesday and posted fresh 6-week highs. Cocoa prices are supported by heavy rains in the Ivory Coast, which... .. read more..
Arabica Coffee Prices Surge as Brazil Rains Disrupt the Coffee Harvest
Tuesday, June 23,2026,14:24
September arabica coffee (KCU26 ) on Tuesday closed up +8.95 (+3.35%), and July ICE robusta coffee (RMN26 ) closed down -9 (-0.25%). Coffee prices settled mixed on Tuesday, with arabica rallying sharply to a 6-week high. Renewed rains in Brazil are delaying the country’s coffee harvest and pushing arabica prices... .. read more..
Hogs Posting Mixed at Midday
Tuesday, June 23,2026,13:20
Lean hog futures are mixed, with front month July down 35 cents and other contracts up 60 to 77 cents. USDA’s national base hog price was reported at $97.47 on Tuesday morning. The CME Lean Hog Index was back down 53 cents on June 19 at $91.64. Friday afternoon’s Commitment... .. read more..
Cotton Falling on Tuesday
Tuesday, June 23,2026,13:20
Cotton futures are trading with contracts 100 to 253 points lower at the midday portion of the session. Crude oil is down another 66 cents/bbl to $73.18. The US dollar index is up another $0.396 at $101.190. Monday afternoon’s Crop Progress showed 92% of the US cotton crop planted as... .. read more..
Soybeans Showing Fractional Gains on Tuesday
Tuesday, June 23,2026,13:20
Soybeans are trading with fractional gains at Tuesday’s midday. The cmdtyView national average Cash Bean price is up 1/2 cents at $10.65 ¾. Soymeal futures are up $1.60 to $2.30, with Soy Oil futures back down 30 to 52 points. Crop Progress data from NASS showed 93% of the US... .. read more..
Wheat Falling on Tuesday, with Spring Wheat Leading the Bears
Tuesday, June 23,2026,13:20
The wheat complex is under pressure across the three markets on Tuesday, with spring wheat contracts leading the charge. Chicago SRW contracts are 6 to 8 1/4 cents in the red at midday. KC HRW futures are showing 10 to 12 cent losses across the front months. MPLS spring wheat... .. read more..
Corn Holding onto Slight Losses on Tuesday
Tuesday, June 23,2026,13:20
Corn futures are trading with 1 to 2 ½ cent losses across the front months on Tuesday. The CmdtyView national average Cash Corn price is down 1 3/4 cents at $3.79 1/4. USDA reported a private export sale of 100,000 MT of corn to Mexico, with 30,000 MT for old... .. read more..
Sugar Prices Consolidate Recent Losses
Tuesday, June 23,2026,12:29
July NY world sugar #11 (SBN26 ) today is up +0.09 (+0.67%), and Aug London ICE white sugar #5 (SWQ26 ) is up +0.90 (+0.20%). Sugar prices are moving higher today on some mild short covering as prices consolidate recent losses. On Monday, NY sugar fell to a 2-month low... .. read more..
The Race is on to Save Dec. Corn
Tuesday, June 23,2026,12:08
December corn is testing a critical support level near $4.39, with a close below that area potentially targeting $4.23½, while extreme heat and crop stress in Europe could help support a rebound ahead of the June 30 Stocks and Acreage Report. .. read more..
Ivory Coast Weather Concerns Push Cocoa Prices Higher
Tuesday, June 23,2026,12:07
July ICE NY cocoa (CCN26 ) today is up +14 (+0.31%), and July ICE London cocoa #7 (CAN26 ) is up +23 (+0.66%). Cocoa prices added to Monday’s sharp rally today and posted new 6-week highs. Cocoa prices are supported by heavy rains in the Ivory Coast, which have flooded... .. read more..
Arabica Coffee Prices Jump as Brazil Rains Delay the Coffee Harvest
Tuesday, June 23,2026,11:47
September arabica coffee (KCU26 ) today is up +7.60 (+2.83%), and July ICE robusta coffee (RMN26 ) is down -3 (-0.08%). Coffee prices are mixed today, with arabica sharply higher. Renewed rains in Brazil are delaying the country’s coffee harvest and pushing arabica prices higher. Meteorologist Climatempo said today that... .. read more..
Wheat Prices Are Headed Higher. How to Trade Them Now.
Tuesday, June 23,2026,10:17
December soft red winter wheat futures present a buying opportunity on more price strength. .. read more..
Hogs Look to Tuesday Following Monday Weakness
Tuesday, June 23,2026,08:33
Lean hog futures were steady to 70 cents lower across the board on Monday. Open interest was down 1,039 contracts. USDA’s national base hog price was reported at $97.77 on Monday afternoon, up $3.86 from the day prior. The CME Lean Hog Index was back down 27 cents on June... .. read more..
Cattle Post Strength on Monday, as Traders Look to Tuesday
Tuesday, June 23,2026,08:33
Live cattle futures closed with Monday session with contracts 72 cents to $2.17 higher across the board, though most contracts were nearly $2 off the intraday highs. Open interest suggested new buying, up 1,134 contracts. Cash trade was slow last week, sales creeping up to $258-260 across the country. Feeder... .. read more..
Cotton Falling on Tuesday Morning
Tuesday, June 23,2026,08:33
Cotton price action is falling early on Tuesday. Futures rounded out the Monday trade with contracts down 12 to 95 points lower. Crude oil was down another $1.41/bbl to $75.19. The US dollar index was up another $0.152 at $100.770. Monday afternoon’s Crop Progress showed 92% of the US cotton... .. read more..
Wheat Slipping on Tuesday Morning
Tuesday, June 23,2026,08:33
Wheat is trading with Tuesday AM losses across the three markets. The wheat complex was under pressure across the three markets to kick off the Monday session. Chicago SRW contracts were 6 to 8 1/4 cents in the red at the close. Open interest was down 1,478 contracts. KC HRW... .. read more..
Corn Ticking Higher to Start Tuesday, as Ratings Remain Steady
Tuesday, June 23,2026,08:33
Corn prices are up ¾ cent to a penny so far on Tuesday AM trade. Futures closed the Monday session with contracts down 2 ½ to 6 cents across the board. Open interest was down 7,396 contracts on Monday, mainly in the July, down 34,813 contracts. The CmdtyView national average... .. read more..
Soybeans Posting Early Tuesday Gains
Tuesday, June 23,2026,08:33
Soybeans are trading with 2 to 4 cent gains on Tuesday morning. Futures closed mixed on Monday, with most front months steady to down 7 cents. Deferred contracts were fractional to 1 ¼ cents in the green. Open interest was down 12,297 contracts on Monday, with front months seeing the... .. read more..
Why Was Tuesday Morning Like a Picture of a Polar Bear in a Blizzard?
Tuesday, June 23,2026,07:56
I stared at the blank piece of electronic typing paper longer than usual Tuesday morning, trying to figure out what to say. .. read more..
Gold may fall to $3,800 on Fed hike risk; ETF outflows, weak Asia demand weig...
Tuesday, June 23,2026,06:09
Deutsche Bank has significantly lowered its gold price forecast, warning of a potential drop to $3,800 per ounce if the Federal Reserve implements three to four rate hikes. This shift comes as resilient US economic data and monetary policy tightening are increasingly influencing gold prices, overshadowing geopolitical tensions and oil prices. Asian demand also shows signs of weakening, further pressuring the precious metal. .. read more..
The Commodities Feed: Oil sells off as US eases sanctions on Iran
Tuesday, June 23,2026,06:00
Energy – Iranian sanction waiver Oil prices came under further pressure yesterday, with ICE Brent settling 3.3% lower. The gradual increase in oil flows through the Strait of Hormuz continues to weigh on the market, while positive signals from US-Iran talks in Switzerland have weighed on sentiment. The real downward price pressure yesterday came from ... .. read more..
UK steel policy likely to remain interventionist under Burnham
Tuesday, June 23,2026,06:00
UK steel policy could keep an interventionist direction during the expected government of Andy Burnham. Keir Starmer announced on June 22 his resignation as prime minister and leader of the Labour Party, leaving office within weeks. On the same day, former Manchester Mayor Andy Burnham was sworn in as a lawmaker in Parliament after winning ... .. read more..
Metals struggle as markets price peak hawkishness, not peak demand
Tuesday, June 23,2026,04:30
Key points: Metals remain under pressure as investors focus on higher funding costs, a stronger dollar and broad-based risk reduction across financial markets. Gold and silver continue to suffer from the prospect of higher-for-longer US rates, despite several long-term supportive drivers remaining intact. Copper has retreated towards key support despite ongoing inventory drawdowns and a constructive medium-term supply outlook. In our opinion we believe markets may be approaching peak hawkishness as falling energy prices ease inflation pressures and reduce the need for additional policy tightening. Industrial and precious metals remain on the defensive as financial markets continue to adju... .. read more..
Gold prices fall Rs 1,300/10g; silver tanks Rs 7,200/kg on firm dollar, rate ...
Tuesday, June 23,2026,00:19
Gold and silver prices fell sharply on MCX on Tuesday, reversing gains from the previous session, as a stronger U.S. dollar dampened demand and investors tracked U.S.-Iran peace talks and interest-rate expectations. .. read more..
Oil Price Today (June 23): Crude oil near $78 per barrel as investors track f...
Monday, June 22,2026,22:10
Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a barrel as of 0026 GMT. .. read more..
Gold steady as investors focus on US-Iran peace talks
Monday, June 22,2026,21:47
Gold prices held steady as U.S.-Iran peace talks progressed, offering a glimmer of regional stability. However, escalating expectations of a December Federal Reserve interest rate hike cast a shadow over the precious metal. Traders are now betting heavily on a rate increase, influencing market sentiment. Other precious metals saw mixed movements. .. read more..
Oil gains after selloff, awaits progress on Strait of Hormuz flows
Monday, June 22,2026,20:39
Oil prices saw a slight rebound Tuesday, recovering from Monday's sharp decline. This uptick follows tempered optimism surrounding U.S.-Iran peace talks and a potential easing of tensions in the Strait of Hormuz. Investors are cautiously awaiting concrete signs of restored crude flow through the vital waterway, with market skepticism remaining due to deep-seated mistrust between the nations. Recent tanker movements suggest a gradual normalization of traffic. .. read more..
Cotton Ease Lower on Monday
Monday, June 22,2026,18:07
Cotton futures rounded out the Monday trade with contracts down 12 to 95 points lower. Crude oil was down another $1.41/bbl to $75.19. The US dollar index was up another $0.152 at $100.770. Monday afternoon’s Crop Progress showed 92% of the US cotton crop planted as of Sunday, 2% behind... .. read more..
Cattle Slips off Session Highs, Still Close with Gains
Monday, June 22,2026,18:07
Live cattle futures closed with Monday session with contracts 72 cents to $2.17 higher across the board, though most contracts were nearly $2 off the intraday highs. Cash trade was slow last week, sales creeping up to $258-260 across the country. Feeder cattle futures were $2.77 to $4.35 lower at... .. read more..
Soybeans Post Mixed Monday Action
Monday, June 22,2026,18:07
Soybeans closed mixed on Monday, with most front months steady to down 7 cents. Deferred contracts were fractional to 1 ¼ cents in the green The cmdtyView national average Cash Bean price was down 6 3/4 cents at $10.64 ¼. Soymeal futures were down $1.50 to 10 cents higher, with... .. read more..
Hogs Face Monday Weakness
Monday, June 22,2026,18:07
Lean hog futures were steady to 70 cents lower across the board on Monday. USDA’s national base hog price was reported at $97.77 on Monday afternoon, up $3.86 from the day prior. The CME Lean Hog Index was back down 27 cents on June 18 at $92.17. Friday afternoon’s Commitment... .. read more..