Commodities (Crude Oil & Copper) & Macro Outlook

On July 15, CBOT wheat futures rose 5.08% to $6.7775 per bushel, approaching the May 14 peak of $7, according to Bloomberg data. CBOT corn futures gained 1.90% to $4.6925 per bushel. The Bloomberg Commodity Index climbed 2.80% to 31.7973 points. Soybean futures rose 0.90%, soybean meal gained 1.32%,

On July 15, WTI August crude futures closed at $79.60 per barrel, while Abu Dhabi Murban crude futures fell 4.43% to $78.30 per barrel. A sharp intraday drop occurred at 16:27 Beijing time, with prices plunging from $81.48 to $76.45 per barrel.

Shanghai Exchange crude oil futures 2608 contract closed down 0.23% overnight at 512.10 yuan per barrel. Gold futures rose 0.03%, while silver futures fell 1.43%.

According to Jin10, India will raise the export tax on diesel from 8.5 to 15.5 rupees per liter and aviation turbine fuel from 7.5 to 14.5 rupees per liter effective July 16. The government simultaneously cut the gasoline export tax from 4 to 2.5 rupees per liter.

According to the Federal Reserve's Beige Book, respondents widely expect U.S. economic expansion to continue over the coming months. However, multiple Federal Reserve districts noted that fuel cost outlooks remain subject to significant

Bank of Canada Governor Tiff Macklem stated on the 15th that the Canadian economy is resuming growth as consumer resilience returns, while inflation shows signs of gradual easing. Speaking at a press conference after the regular monetary policy meeting, Macklem noted that economic growth, which

According to Bank of Canada Governor Tiff Macklem, on July 15, Canada's second-quarter GDP grew 2.5% as consumption resilience offset headwinds from U.S. trade policies and prior supply gluts. Macklem stated that economic growth has reaccelerated after stagnation last year, with businesses

From 16:30 to 16:45 UTC on July 15, 2026, BTC fell sharply by 0.35% within 15 minutes. The price ranged from 64,784.2 to 65,172.3 USDT, with an amplitude of 0.60%. The market is in a tight-range consolidation pattern, with heavy caution from both bulls and bears. The main drivers behind this move are the dual headwinds from geopolitical conflict and macro policy. The US has reinstated a comprehensive maritime blockade against Iran and threatened to strike infrastructure, pushing oil prices up 8%

According to LME, copper futures fell $62 to $13,582 per ton today, while tin dropped significantly by $1,033 to $52,780 per ton. Zinc declined $52 to $3,546 per ton, and lead fell $14 to $1,852 per ton. Nickel was the sole gainer, rising $38 to $16,803 per ton, while cobalt closed flat at $56,290 p

According to BP spokesman, the company plans to close its BP Ventures team, announced today on July 15.

Gate News: According to the latest Gate TradFi data, WHEAT (Wheat) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

July 15, 2026, 16:00–16:15 (UTC): Within 15 minutes, BTC saw a short-term pullback of 0.51%, trading in the range 65,078.6–65,459.7 USDT, with an Ampl of 0.58%. The market showed a mild pullback trend, with low Filled Amount and a strong sense of wait-and-see among participants. The main drivers behind this pullback are the divergence and tug-of-war in macro signals. On one hand, the US June CPI year-over-year fell to 3.5% (prior value: 4.2%); the cooling in inflation beyond expectations eased c

CBOT wheat rose 3.0% intraday today, closing at 724.25 cents per bushel.

U.S. Producer Price Index (monthly deflation, measuring inflation at the producer level) fell 0.3% month-on-month in June, below the 0% consensus forecast. The prior month's figure was revised downward from 1.10%

Canada's wholesale sales came in flat month-over-month at 0% in May, beating expectations of a 0.7% decline and reversing from a 0.6% increase in the prior month.

Azerbaijan's natural gas exports increased 0.5% year-over-year to 12.4 billion cubic meters during the first half of 2026.

According to Huawen Futures, fuel oil surged over 5% today (July 15) as Middle East geopolitical tensions escalated and the Strait of Hormuz faced transit disruptions again. The research note cited three drivers: rising crude oil costs, restricted imports, and strong seasonal demand for power

According to Jin10, Iran's government spokesman stated that Iran will not allow the United States to interfere in the management of the Hormuz Strait. The spokesman warned countries in the Persian Gulf region that cooperation with Washington is equivalent to declaring war against Iran.

According to Standard Chartered, central banks must prepare for a structural inflation environment where policy flexibility is limited, said the bank's Eric Robertson on July 15. Supply shocks have a greater impact when inflation is already elevated; for example, weather disruptions like El Nino