Commodities (Crude Oil & Copper) & Macro Outlook

According to Yonhap Infomax, South Korea's main stock indices closed with mixed results today (August 27). The KOSPI rose 65.47 points to 6,808.21, while the KOSDAQ fell 0.28 points to 826.87. The Korean won strengthened to 1,386.30 against the U.S. dollar. Overnight, U.S. markets declined: the

According to external reports, Malaysia Derivatives Exchange crude palm oil futures are expected to decline Thursday morning, pressured by a further drop in Brent crude oil futures during Wednesday's electronic trading session and weakening export demand. Iran and Oman are engaged in negotiations

According to Jin10, overnight on August 26-27, COMEX gold futures fell 0.99% to $4,647.80 per ounce, while WTI crude oil declined 0.55% to $81.91 per barrel. COMEX silver also retreated 0.87% to $68.08 per ounce. Easing geopolitical tensions and concerns over Iran-Oman negotiations on the Hormuz

According to Jin10, on August 26-27, approximately 70 vessels were queued near the Sulin Canal awaiting entry to Ukrainian ports to load grain exports. Russian military operations have effectively blockaded Ukraine's Black Sea ports, forcing cargo ships to divert to the Danube River ports, which

According to market pricing data reported by Jin10, U.S. Federal Reserve rate hike odds for September rose to 42% on August 26, following data showing July inflation reached 3.7% year-over-year, higher than economist expectations. Prior to the release, market expectations for a September rate hike s

According to Asia Economy, Bitcoin surged past $81,000 on August 25-26, reaching $81,235 intraday—its first breach above $80,000 since mid-May—driven by short-position liquidation and institutional inflows. Gold, silver, and copper rallied simultaneously as concerns over U.S. fiscal deficits and

The US Treasury's expansion of its long-term bond buyback program is expected to sustain dollar weakness through October, according to iM Securities researcher Lee Sang-heon on May 27. The Treasury will increase buyback limits for 10-30 year maturities from $2 billion to a minimum of $4 billion

On Thursday, August 27, major economic releases and central bank communications are scheduled. The European Central Bank will publish monetary policy meeting minutes at 19:30 UTC, while key U.S. data includes initial jobless claims for the week ending August 22 and weekly EIA natural gas inventory a

According to the Financial Times on August 25, U.S. Midwest corn farmers are facing the worst agricultural crisis in 40 years as surging diesel and fertilizer prices driven by government trade policies and military operations squeeze production costs. Farmers in the region said the price

Trump stated yesterday that 10 million barrels of oil flowed through the Strait of Hormuz. The U.S. said it has no plans to launch new military strikes against Iran, while multiple countries are engaging in diplomatic channels to ease regional tensions amid escalating Middle East geopolitical

US long-term Treasury yields eased as international oil prices declined and the US Treasury Department announced expanded bond buyback operations on the 19th. West Texas Intermediate (WTI) crude oil fell to the early $80s per barrel as the likelihood of full-scale conflict between the US and Iran di

According to KB Securities report on August 27, U.S. long-term Treasury yields declined as crude oil prices fell to near $80 per barrel following eased Middle East tensions. The U.S. Treasury expanded buyback programs for 10–30 year bonds from $2 billion to $4 billion, signaling commitment to

WTI crude oil for October delivery fell $0.13 (0.16%) to $82.23 per barrel on August 26 (US Eastern Time), marking the third consecutive session of declines alongside Brent crude, which dropped $0.74 (0.84%) to $87.84 per barrel. The declines, which began on August 24, were cushioned by escalating

On Wednesday, August 26, spot gold declined 1.38% to close at $4,592.86 per ounce, continuing a downward trend throughout the day. Spot silver fell 0.81% to $68.0980 per ounce, while COMEX copper futures dropped 1.72% to $6.6985 per

On Wednesday, Aug 26, spot gold fell 1.38% to close at $4,592.86 per ounce, declining throughout the trading session. Spot silver dropped 0.81% to $68.0980 per ounce, while COMEX copper futures declined 1.72% to $6.6985 per

According to Bloomberg, Glencore's Asturiana de Zinc smelter in northern Spain has joined a voluntary power-saving program aimed at ensuring grid stability. The facility, Europe's largest producer of galvanizing-grade zinc, has agreed to reduce electricity consumption for several hours daily over a

On Wednesday, August 26, major U.S. asset class ETFs showed mixed performance. Gold ETF fell 1.58%, while the Volatility Index (VIX) long position dropped 0.7% and U.S. Real Estate ETF declined 0.64%. Soybean Fund led gainers with a 1.79% increase. Oil futures ETF rose 0.56%, and the broad

According to ICE, on Wednesday, August 26, arabica coffee futures fell 4.32%, while ICE raw sugar futures gained 2.03%. Coffee C futures declined 4.32%. New York cocoa futures held steady at $5,829 per ton, and ICE cotton futures rose 0.93%. Chicago WCE canola futures gained 1.04%.

On Wednesday (Aug 26), ICE commodity futures closed with mixed performance at the New York session. Raw sugar futures rose 2.03%, while white sugar fell 0.43%. Arabica coffee futures dropped 3.97%, and robusta coffee declined 2.19%. New York cocoa futures closed flat at $5,829 per metric ton. WCE c

According to Jin10, on August 26, crude oil prices declined. U.S. light sweet crude (WTI) October futures fell 13 cents to $82.23 per barrel, down 0.16%, while London Brent crude October futures dropped 74 cents to $87.84 per barrel, down 0.84%.