Commodities (Crude Oil & Copper) & Macro Outlook

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%.

According to sources, the U.S. Department of Justice is preparing to activate a dormant maritime war court to streamline the process of seizing Iranian oil tankers as spoils of war.

On Aug 26, Chicago Board of Trade (CBOT) grains rallied at the close of New York trading. Wheat futures jumped 6.47% to $7.4825 per bushel, corn futures rose 2.34% to $5.3575 per bushel, and soybean meal futures gained 2.73%. Soybean futures increased 1.96% to $12.6150 per bushel.

According to Jin10, Shanghai gold futures fell 0.74% to 996 yuan per gram, while Shanghai silver futures dropped 0.48% to 16,590 yuan per kilogram at the 2:30 a.m. close on August 27. SC crude oil futures gained 2.14%, trading at 577 yuan per

According to Shanghai Futures Exchange, crude oil futures contract 2610 rose 2.14% to 576.60 yuan per barrel in night trading today. Shanghai gold fell 0.74%, while Shanghai silver declined 0.48%.

According to Bloomberg shipping data compiled through August 26, the BW Pavilion Aranthea LNG carrier carrying U.S. liquefied natural gas is routing around Cape Horn at South America's southern tip, opting for a longer transit route rather than passing through the Panama Canal. The vessel loaded car

According to Iran's Press TV, Oman has stopped cooperating with the United States on escorting oil tankers through the southern shipping lane of the Strait of Hormuz.

According to PressTV, no vessels passed through the Strait of Hormuz via the Oman route in the past 24 hours. An Indian-flagged vessel turned back after receiving warning shots, the Iranian state media

International copper fell 0.64% in tonight's trading session, while Shanghai copper dropped 0.53%. Shanghai aluminum declined 0.17%, Shanghai zinc rose 0.67%, Shanghai tin fell 1.57%, and Shanghai nickel slipped 0.73%. Aluminum oxide fell 0.87%, while aluminum alloy and stainless steel saw mixed

According to Gate data, Brent crude oil (XBRUSD) broke above the $90 per barrel level, now trading at $90.09 per barrel with a 24-hour gain of 1.0%.

According to a letter submitted on Wednesday, the Hyperliquid Policy Center and perpetuals trading platform trade[XYZ] called on the CFTC to establish a regulatory framework for energy perpetual contracts in the U.S. The groups cited disruptions in global oil supply chains earlier this year when tra

CBOT wheat futures rose 2.5% intraday today, reaching 766 cents per bushel.

According to Guru Club, U.S. wheat futures rose 4.00% intraday on Aug 26, trading at 731.50 cents per bushel, while corn futures gained over 2.00% to 534.00 cents per bushel.