Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures, due to the U.S. Juneteenth holiday on June 19, CBOT agricultural futures, ICE sugar and cotton futures will be closed on June 20. CME precious metals, energy, forex, equity index, and U.S. Treasury futures contracts will end trading early at 01:00 Beijing time on June 20,

According to CME's filing in U.S. District Court for the District of Columbia on June 19, Chicago Mercantile Exchange Group has sued the U.S. Commodity Futures Trading Commission and its Chair Michael Selig over the regulator's approval of crypto perpetual futures. The lawsuit was triggered by

According to Jin10, on June 19, U.S. and Chinese stock markets close for the day due to the Dragon Boat Festival coinciding with Juneteenth. The CME (Chicago Mercantile Exchange) halted trading in precious metals, energy, forex, equity index, and U.S. Treasury futures contracts at 1:00 AM Beijing ti

New Zealand's exports reached NZD 8.88 billion in May, according to official statistics. The prior month's figure was revised downward to NZD 8.27 billion from the previously reported NZD 8.62 billion.

According to a June 4 memo, American Perpetuals Exchange Corporation, led by Theodore Gillibrand, raised $30 million at an estimated $300 million valuation to build a regulated U.S. venue for perpetual futures. The company plans to file for a Designated Contract Market license with a special

According to Iraq's Oil Minister Bahim Muhammad Houdail, on June 18, Iraq's crude oil production is gradually recovering to levels prior to the U.S.-Israel conflict in the region.

According to Iran's state news agency, on June 18, Iran's Supreme National Security Council announced that vessels seeking passage through the Strait of Hormuz will be exempted from fees for 60 days under the Iran-U.S. memorandum of understanding. Commercial ships requesting transit must submit

South Korea's Producer Price Index increased 0.8% in May on a monthly basis. The government also revised the prior month's figure upward to 2.7% from the previously reported 2.5%.

According to Citigroup, oil prices are expected to decline over the next 6 to 12 months and reach $60-65 per barrel by the first quarter of 2027 under a basic scenario assuming normalized capital flows following U.S.-Iran

On June 18, emerging market ETFs surged 3.25%, with Nasdaq-100 ETFs rising 2.51% and Russell 2000 ETFs climbing 1.97%. S&P 500 ETFs gained 1.04%, while U.S. Treasury 20+ year and dollar index ETFs added up to 0.49%. Among decliners, the VIX (fear index) ETF fell 3.14%, agricultural commodity funds d

According to CNBC, CME Group announced this week it will sue the Commodity Futures Trading Commission (CFTC) over its approval of prediction market platform Kalshi's Bitcoin perpetual futures contract. CME Chief Executive Terrence Duffy disclosed the filing during a CNBC interview, stating the

According to Bloomberg and CBOT data, on Thursday (June 18) at the New York close, the Bloomberg Commodity Grain Index fell 0.92% to 29.7383. CBOT corn futures declined 1%, wheat futures fell 1.19%, and soybeans dropped 0.63% to $11.42 per bushel. Soybean meal futures fell 0.88% while soybean oil fu

According to Goldman Sachs, the bank raised its Q3 aluminum price forecast to $3,300 per ton from $3,200 and upgraded its 2027 outlook to $2,950 per ton from $2,750. The bank forecasts aluminum supply surplus of 720,000 tons in 2026 and 590,000 tons in 2027.

Bitcoin fell 5% to $62,236 on Thursday, erasing gains initially triggered by rumors and the formal announcement of a U.S.-Iran peace accord. The decline occurred after bitcoin attempted to test $66,000 on Wednesday and represents a 7.5% drop since the cryptocurrency peaked above $67,300 on

Iran's Supreme National Security Council announced on June 18 that traffic through the Strait of Hormuz will gradually increase. The statement came without additional details on timeline or specific measures.

According to Amena Bakr, energy intelligence group reporter, three Saudi super-large tankers (VLCC) carrying approximately 6 million barrels of crude oil have passed through the Strait of Hormuz and reappeared on the Automatic Identification System (AIS) after being absent for over two

U.S. natural gas futures gained 3.00% intraday on June 18, trading at $3.240 per million British thermal units.

Brent crude oil rose over 1% intraday to $79.32 per barrel on June 18. WTI crude oil trading near unchanged.

CME Group filed a lawsuit against the Commodity Futures Trading Commission on Thursday in the U.S. District Court for the District of Columbia, challenging the agency's approval of perpetual futures trading in the United States. The world's largest derivatives marketplace accused CFTC Chair

According to CME's complaint filed Thursday in U.S. District Court for the District of Columbia, CME Group sued the CFTC and its chair Michael Selig, accusing the agency of violating the Commodity Exchange Act by approving perpetual futures for Kalshi and Coinbase last month. The CME alleged that th