Commodities (Crude Oil & Copper) & Macro Outlook

Brent crude oil fell 6% intraday on June 11, trading at $88.12 per barrel.

According to Bloomberg, Chicago Board of Trade (CBOT) corn futures fell 1.73% to $4.39 per bushel on Thursday (June 11) after the U.S. Department of Agriculture (USDA) released its crop inventory report at 00:00 Beijing time, triggering sharp volatility across grain markets. The Bloomberg grains in

According to The Kobeissi Letter, the U.S. Producer Price Index (PPI) for May reached 6.5% year-over-year yesterday, surpassing expectations of 6.4% and marking its highest level since November 2022. Core PPI came in at 4.9% annually, versus expectations of 5.4% and the previous month's

WTI July crude futures fell 2.32 USD per barrel to 87.71 USD overnight, down 2.58%. Abu Dhabi Murban crude slipped 3.36% to 86.97 USD/barrel. NYMEX July natural gas closed at 3.0870 USD/million BTU, while July gasoline futures settled at 3.1014

WTI July crude oil futures fell $2.32, down 2.58%, to $87.71 per barrel on June 11. Abu Dhabi Murban crude declined 3.36% to $86.97 per barrel.

According to Jin10 Futures, Shanghai Gold futures rose 0.75%, Shanghai Silver futures climbed 2.41%, and SC crude oil futures fell 3.63% as of the close at 2:30 a.m. on June 12.

According to President Trump's Truth Social post, on June 11, Trump canceled a planned airstrike on Iran after discussions with Iranian leadership were approved at the highest level. The announcement eased Middle East conflict concerns, sending U.S. equities sharply higher: the Dow Jones

According to Jin10, on June 12, WTI crude fell below $88 per barrel, declining 5.09% during the day's trading.

Spot gold rallied $30 intraday today, breaking through $4,130 per ounce with a daily gain of 1.4%. WTI crude oil dropped $1 in the same period, while Brent crude fell more sharply to $89.74 per barrel, down 4.27% on the day.

According to Jin10, Iran's parliament speaker Mohammad Bagher Kalibaff issued a warning on social media on the evening of June 11. Kalibaff stated that erroneous U.S. strategic decisions and impulsive policy choices would worsen the overall situation, trigger energy infrastructure disruptions and ma

According to CCTV citing the U.S. Treasury Department website, the United States has imposed sanctions on Cuba's National Petroleum Corporation (Corporacion Cubana de Petroleo), the state-owned energy company of Cuba.

According to Jin10 Data, the U.S. Treasury Department imposed sanctions on Cuba's national oil company on June 11, according to the department's official website.

On June 11, LME base metal futures closed with mixed performance. LME tin rose 888 to 52,848 per tonne, while copper fell 33 to 13,482, and lead declined 18 to 1,944. Aluminum advanced 36 to 3,502, nickel gained 15 to 17,693, and zinc increased 5 to 3,496. Cobalt closed flat at 56,290 per tonne.

According to Jin10, Iran's Armed Forces on June 12 warned that if the United States attempts another attack, it will face more severe retaliation and a wider regional conflict. The military command stated that U.S. contradictory rhetoric—discussing negotiations while taking hostile

According to the U.S. Department of Agriculture, the ending corn inventory for the 2025-26 season is now forecasted at 1.96 billion bushels, compared to the previous estimate of 1.957 billion bushels. The figure slightly exceeds analyst expectations of 1.9473 billion bushels.

According to the U.S. Department of Agriculture, the projected U.S. ending cotton stock is now 3.7 million bales, down from its prior estimate of 3.9 million bales. The latest forecast falls below analyst expectations of 4.12 million bales, indicating tighter supply conditions than previously

The U.S. Department of Agriculture revised down its estimate for U.S. wheat ending stocks to 744 million bushels on June 11, lower than analyst expectations of 763.91 million bushels and its previous forecast of 762 million bushels.

Sucden Financial reported higher revenue and stronger net assets for 2025 as volatility across commodities, foreign exchange, and fixed income markets continued driving institutional trading activity. The London-based execution, clearing, and liquidity provider generated £88.1 million in net revenue