Commodities (Crude Oil & Copper) & Macro Outlook

US President Donald Trump announced an $8 billion federal subsidy program to offset diesel fuel costs for American farmers during a rally in Kansas on the 19th (local time). The US Department of Agriculture (USDA) will launch the new 'Harvest Fuel Relief Program' to provide financial relief as diese

According to President Trump on October 19, the U.S. Department of Agriculture will launch an $8 billion Harvest Fuel Relief Program to help farmers offset diesel fuel costs during the harvest season. Trump announced the initiative during a campaign speech in Kansas, stating the funds will help

According to energy consultancy Rystad Energy, oil production across the Americas—from Canada to Brazil—hit record levels in 2026, with combined output from North and South America projected to grow 10% through December 2026. U.S. oil exports, including crude and diesel, surged 15% to Europe,

According to traders familiar with the transaction, South Korean and Indian refiners purchased U.S. crude for November shipment on October 20. India's Bharat Petroleum Corporation Limited (BPCL) and South Korea's SK Energy each bought one Aframax tanker cargo of approximately 750,000 barrels. GS

According to Goldman Sachs on Monday, October 20, northwest Europe's natural gas inventory levels may remain low this winter unless Middle Eastern liquefied natural gas (LNG) supplies increase. Despite rising Norwegian gas output, inventory levels in the region have climbed to 63%, up from 62% a

According to Jin10 Futures, as of 11:32 AM on October 20, China's major futures contracts recorded significant capital flows. Index derivatives led outflows, with CSI 1000 contracts shedding 7.763 billion yuan, CSI 500 contracts outflowing 4.346 billion yuan, and CSI 300 contracts down 3.361 billion

According to Jin10, China's liquefied petroleum gas (LPG) market prices rose 9.8% for the week ended October 20, with the national LPG index averaging 7842 points, up 700 points from the previous period, according to Jinlian monitoring. Market sentiment has turned cautious as downstream buyers

Bitcoin (BTC) has given back its overnight gains and is trading at around $81,450 as of Oct. 20. The U.S. CFTC challenged CME’s standing to sue, saying CME failed to prove that the new Perpetual Contract policy caused it harm. JPMorgan is bringing JPM Coin to Ethereum to test bank-money settlement. Macro Events & Crypto Market Highlights According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) filed a complaint with the court last Friday, stating that CME failed to prove it ha

According to Jin10 Futures on October 20, BMD Malaysian palm oil futures are expected to open lower today, tracking weakness in international crude oil and Chicago soybean oil prices. This decline could further pressure early trading in Malaysian crude palm oil futures. Malaysia's elevated palm oil

According to Gate News futures update, oil shipments through the Strait of Hormuz fell to approximately 2.9 million barrels per day in mid-October, down from higher levels earlier this month. China-bound coal imports from Mongolia are set to resume above 1,100 vehicles daily, potentially affecting p

According to Jin10 Futures, as of 09:30 Beijing time on October 20, WTI crude oil futures rose 0.37% while U.S. natural gas futures fell 1.14%.

According to U.S. President Donald Trump, a new harvest season fuel cost relief plan will provide $8 billion in support to farmers this week. The assistance is designed to offset diesel costs during the current harvest season.

Chinese commodity futures opened mostly lower in early morning trading on October 20. Ethylene glycol led declines with a drop exceeding 3%, while coking coal and synthetic rubber fell over 2%. Conversely, crude oil, lithium carbonate, PVC, benzene, and Shanghai nickel each rose over 1%.

According to Yonhapinfomax, South Korean stocks rallied for a second consecutive day on October 20, with KOSPI gaining 1.76% and KOSDAQ rising 1.78%, extending recovery from the recent sharp selloff. Foreign investors resumed buying, purchasing a combined 600 billion won in equities across

According to on-chain analyst Yu Jin, a whale sold 12,468 ETH at $2,368 yesterday (Oct 20), realizing approximately $8.99 million in profit from leveraged buys at $1,647 in early June. The whale had originally purchased $30 million worth of ETH at that lower price point. Following the sale, the wha

According to China Customs data, China's rare earth magnet exports reached 6,165.1 tons in September, up 23% month-on-month. Exports to the United States totaled 604.2 tons, an 18% increase compared to the previous month.

According to BlockBeats, on October 20, the U.S. Commodity Futures Trading Commission (CFTC) filed court documents arguing that CME lacks legal standing to challenge its perpetual futures policy, stating CME has failed to demonstrate imminent financial harm. The CFTC noted that CME's crypto futures

According to the U.S. Department of Agriculture (USDA) on October 20, private exporters reported sales of 114,000 tons of soybeans to China and 261,000 tons to unknown destinations. The data reflects ongoing activity in the global soybean trade despite market