Commodities (Crude Oil & Copper) & Macro Outlook

CME Group announced its intention to sue the Commodity Futures Trading Commission over the regulator's approval of perpetual futures in the United States. The announcement was made by outgoing CME CEO Terrence Duffy. The legal action arises as a direct response to the CFTC's recent approval

According to Foresight News, CME Group CEO Terrence Duffy announced plans to sue the U.S. CFTC over perpetual contracts during a recent CNBC appearance. Under the Dodd-Frank Act, perpetual contracts are classified as swaps, and as CME has exclusive licensing agreements with all major benchmark

China's commodity futures market opened this morning with mixed performance. Polysilicon and paraxylene surged over 1%, while coking coal and soda ash declined over 2%.

According to ChainCatcher, CME will sue the U.S. Commodity Futures Trading Commission (CFTC) on Thursday (June 19) over the agency's approval of Kalshi's Bitcoin perpetual futures products, according to an announcement by outgoing CEO Terence

According to Xinhua, Pakistan's Prime Minister said on June 18 that Iran will immediately reopen the Strait of Hormuz and the United States will immediately lift its naval blockade.

According to Bank of Korea, the central bank said on June 18 it will monitor potential market volatility amid risks from Middle East tensions, oil prices, and shifting monetary policies among major economies.

CBOT soybean futures rose 0.2% to a two-week high on Wednesday (June 18), with the benchmark contract reaching $11.5825 per bushel, its highest level since June 3. The move was supported by USDA confirmation of export sales of 372,000 metric tons of soybeans, with 60,000 tons for 2025/26 delivery an

According to Jin10 Futures, on Wednesday, LME copper rose 0.25% to $13,810 per ton for the fourth consecutive day, supported by optimism over a U.S.-Iran peace agreement. Three-month aluminum rebounded 0.8% to $3,414.50 per ton on bargain hunting, recovering from a two-and-a-half-month low

According to a Reuters survey, nearly all Japanese companies have expressed concerns about the procurement of oil and petroleum products, despite assurances from the Japanese government that supplies remain

According to Jin10 Futures, U.S. major indices fell overnight on June 18. The Dow Jones Index slid 0.98% to close at 51,492.55 points, the S&P 500 dropped 1.21% to 7,420.1 points, and the Nasdaq fell 1.34% to 26,021.66 points, with technology stocks leading the decline. European indices posted

According to Reuters, Iraq's southern oil fields increased daily oil production by approximately 500,000 barrels recently, raising total output to 1.5 million barrels per day. More oil tankers are now arriving at the country's multiple petroleum export

According to SLB, the oil services company looks to nearly double annual revenues in its digital business to as much as $2 billion by 2030, as it expects annual digital spending across the industry to grow by an additional $10 billion.

WTI crude oil futures opened 1.7% lower today, trading near $75 per barrel. The decline comes as investors monitor the implications of the Iran nuclear agreement's implementation on global oil supply and market

Bitcoin pushed toward $67,000 early-week before cooling back toward the mid-$65,000s, as traders weighed market reaction to a preliminary US-Iran memorandum of understanding announced around the G7 Summit regarding the Strait of Hormuz. The preliminary agreement, with formal signing still pending, c

According to Jin10, on June 17, WTI crude oil futures for July delivery rose 74 cents to $76.79 per barrel, up 0.97%. Brent crude oil futures for August delivery advanced 59 cents to $79.55 per barrel,

According to Bloomberg commodity data, as of Wednesday (June 17) New York close, CBOT wheat futures rose 2.85%, while CBOT corn futures gained 1.47%. Soybean oil futures fell 1.15%, CBOT soybean futures rose 0.44% to $11.5050 per bushel, and soybean meal futures declined 0.28%. The Bloomberg

The Federal Open Market Committee voted 12-0 on June 17 to hold the federal funds rate target range at 3.5% to 3.75%, maintaining policy as inflation remains above the central bank's 2% goal. The decision came as the Consumer Price Index hit 4.2% in May, the highest year-over-year reading since

According to NYMEX data, WTI July crude oil futures closed at $76.79 per barrel on June 17. July natural gas futures settled at $3.1450 per million BTU, while July gasoline futures closed at $2.9096 per

Shanghai Futures Exchange crude oil 2608 contract closed up 0.80% overnight at 517 yuan per barrel. Gold futures fell 0.84% and silver futures declined 1.36% during the session.

The U.S. Federal Energy Regulatory Commission (FERC) is preparing to issue a ruling on data center grid connection regulations by the end of June. Former FERC Chairman Neil Chatterjee characterizes this decision as one of the most significant actions by the agency in decades. The ruling will