Commodities (Crude Oil & Copper) & Macro Outlook

On Monday (July 6), soybean, agricultural commodity, and emerging markets ETFs led U.S. ETF gains, advancing 3.27%, 2.99%, and 2.85%, respectively. Nasdaq-100 ETF rose 1.43%, while gold ETF gained 1.06%. Real estate ETF and VIX call ETF declined 0.80% and 2.50%, respectively.

London Metal Exchange aluminum prices rose 0.8% to $3,115.50 per ton recently, rebounding from near four-month lows despite Goldman Sachs' warning of accelerating supply recovery from Middle Eastern smelters. According to Wú Kūnjīn, head of base metals research at Minmetals Futures Co., the rally wa

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators held net long positions of 8,963 contracts in NYMEX natural gas during the week ending June 30, an increase of 11,147 contracts from the previous week.

According to the U.S. Commodity Futures Trading Commission (CFTC), WTI crude oil speculators reduced their net long positions by 3,299 contracts to 85,187 in the week ending June 30.

On Monday (July 6), CBOT corn futures rose 3.79% to $4.5825 per bushel, while soy futures climbed 3.77% to $11.9075 per bushel at New York close. CBOT wheat futures gained 2.23% to $6.1325 per bushel. The Bloomberg Commodity Grains Index increased 3.22% to 30.4705 points. Soybean meal futures rose 2

WTI August crude oil futures fell 0.14 dollars to settle at 68.55 dollars per barrel, down 0.20 percent. NYMEX August natural gas futures closed at 3.2450 dollars per million BTU, while NYMEX August gasoline futures settled at 3.0033 dollars per gallon and NYMEX August heating oil futures at 3.2984

Shanghai futures closed mixed in evening trading on July 6. Shanghai Crude Oil Futures 2608 contract rose 0.23% to 438.30 yuan per barrel. Shanghai Gold fell 0.15% while Shanghai Silver declined 0.47%.

According to Yonhap Infomax, Isabel Schnabel, ECB Executive Board member, warned on July 6 that eurozone core inflation remains resilient despite recent headline inflation cooling. Speaking at the European System of Central Banks research network conference in Rome, Schnabel expressed concern that e

Stainless steel futures jumped 2.34% in overnight trading on July 6. Other base metals showed mixed performance: international copper edged up 0.04%, Shanghai copper rose 0.01%, aluminum increased 0.28%, zinc climbed 0.84%, nickel gained 0.41%, and tin added 0.35%. Lead slipped 0.06%, while

On July 6, LME metals posted mixed results. Copper rose 37 USD to 13,404 USD/ton, while tin surged 436 USD to 53,064 USD/ton. Aluminum gained 25 USD to 3,116 USD/ton, and zinc added 50 USD to 3,591 USD/ton. Lead fell 12 USD to 1,880 USD/ton, nickel declined 2 USD to 16,422 USD/ton, and cobalt

According to the Ukrainian Armed Forces General Staff, early on July 6, Ukrainian forces struck two Russian oil refineries—the Yaroslavl refinery in Yaroslavl Oblast and the Novatesk-Ust-Luga refinery in Leningrad Oblast—triggering explosions at both facilities. The Ukrainian unmanned systems

According to the governor of Yaroslavl Oblast, Russian forces repelled the largest Ukrainian attack on the region's oil refinery on Monday.

U.S. Strategic Petroleum Reserve crude oil inventory declined by 6.2 million barrels last week, falling to 319.5 million barrels, marking the lowest level since 1983, according to energy market data.

The US Dollar continues to assert dominance as the primary beneficiary of market risk-aversion, outperforming traditional safe havens like the Swiss Franc even during geopolitical shocks such as tensions surrounding the Iran conflict and the Strait of Hormuz. Analysts expect this performance to

According to veteran investment strategist Jim Paulsen, the S&P 500 index is expected to decline over 10% this year despite two-digit percentage drops in WTI crude oil prices. Paulsen's analysis of data since the 1970s shows that historically, whenever oil prices spike and subsequently fall, the S&P

US stock indices opened mixed on the 6th (local time) at 9:43 AM as technology stocks rebounded from last week's pullback. The Dow Jones Industrial Average fell 0.15% to 52,822.18, while the S&P 500 rose 0.29% to 7,505.08 and the Nasdaq Composite climbed 0.70% to 26,013.03. The rally in tech stocks

According to Reuters, the United Arab Emirates raised crude oil production to above 3.8 million barrels per day in June, approaching near-record levels following its May exit from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+. Two sources familiar with production data said t

According to reports, Samsung Electronics plans to raise Dynamic Random-Access Memory (DRAM) prices by approximately 20% in the third quarter.

According to Jin10 citing agricultural data platform CropGPT, ICE New York cocoa futures reached their highest level since January on July 6, driven by concerns over West African crop growth prospects. CropGPT reported that the world's two largest cocoa producers, Ivory Coast and Ghana, have

Saudi Arabia set its official selling price for Arabian Light crude oil to the United States in August at a premium of $4.6 per barrel over the Argus Sour benchmark.