Commodities

Precious Metals Up: Gold Back Above $ 1,900, Silver Above $28

Some of this year's big agro winners fell today, led by corn, lumber and soybean meal

Published ET

S&P GSCI Total Return Index Performance | Sources: ϕpost, FactSet data

S&P GSCI Total Return Index Performance | Sources: ϕpost, FactSet data


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NOTABLE GAINERS

  • Bursa Malaysia Crude Palm Oil up 3.3% (YTD: 12.3%)
  • CBoT Soybean Oil up 2.4% (YTD: 53.9%)
  • Zhengzhou Exchange Thermal Coal up 2.1% (YTD: 6.3%)
  • CBOE Crude Oil Volatility Index up 1.9% (YTD: -4.2%)
  • ICE Europe Newcastle Coal Monthly up 1.7% (YTD: 30.4%)
  • CME Lean Hogs up 1.7% (YTD: 64.0%)
  • Palladium Spot up 1.6% (YTD: 13.3%)
  • Platinum TR Spot up 1.4% (YTD: 11.5%)

NOTABLE LOSERS

  • Johnson Matthey Rhodium New York 0930 down -9.8% (YTD: 34.9%)
  • SMM Rare Earth Yttrium Oxide Spot Price Daily down -6.5% (YTD: 41.5%)
  • CBoT Corn down -5.6% (YTD: 28.2%)
  • CBoT Soybean Meal down -3.5% (YTD: -11.1%)
  • Silver/US Dollar 1 Month ATM Option down -3.0% (YTD: -28.1%)
  • CME Random Length Lumber down -2.9% (YTD: 60.0%)
  • Freightos Baltic China/East Asia To North America East Coast 40 Container Index down -2.3% (YTD: 35.6%)
  • SMM Rare Earth Neodymium Metal Spot Price Daily down -1.6% (YTD: -2.8%)
  • SHFE Lead Continuation Month 1 down -1.3% (YTD: 4.1%)
  • SMM Rare Earth Gadolinium Oxide Spot Price Daily down -1.1% (YTD: 4.8%)
  • SHFE Rebar down -1.0% (YTD: 16.4%)
  • DCE Coking Coal Continuation Month 1 down -1.0% (YTD: 9.6%)
  • CBoT Wheat down -0.9% (YTD: 2.5%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

ENERGY

  • WTI crude front month currently at US$ 66.05 per barrel, unchanged (YTD: +36.2%); 6-month term structure in widening backwardation
  • Brent crude front month currently at US$ 68.66 per barrel, up 0.3% on the day (YTD: +32.5%); 6-month term structure in widening backwardation
  • Brent volatility at 29.6, down -0.1% on the day (12-month range: 24.7 - 62.3)
  • Newcastle Coal (ICE Europe) currently at US$ 105.00 per tonne, up 1.7% on the day (YTD: +30.4%)
  • Natural Gas (Henry Hub) currently at US$ 2.94 per MMBtu, up 0.9% on the day (YTD: +14.7%)
  • Gasoline (NYMEX) currently at US$ 2.11 per gallon, unchanged (YTD: +50.3%); 6-month term structure in widening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 558.25 per tonne, up 0.3% on the day (YTD: +32.7%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

BASE METALS

  • Copper (COMEX) currently at US$ 4.52 per pound, down -0.4% on the day (YTD: +28.7%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 1,170.00 per tonne, up 1.2% on the day (YTD: +8.9%)
  • Aluminium (Shanghai) currently at CNY 18,370 per tonne, down -0.5% on the day (YTD: +16.9%)
  • Nickel (Shanghai) currently at CNY 125,440 per tonne, up 0.9% on the day (YTD: +1.3%)
  • Lead (Shanghai) currently at CNY 15,330 per tonne, down -1.3% on the day (YTD: +4.1%)
  • Rebar (Shanghai) currently at CNY 4,787 per tonne, down -1.0% on the day (YTD: +16.4%)
  • Tin (Shanghai) currently at CNY 196,670 per tonne, up 0.6% on the day (YTD: +30.5%)
  • Zinc (Shanghai) currently at CNY 22,470 per tonne, unchanged (YTD: +6.7%)
  • Refined Cobalt (Shanghai) spot price currently at CNY 346,500 per tonne, unchanged (YTD: +26.5%)
  • Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, unchanged (YTD: +27.8%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

PRECIOUS METALS

  • Gold spot currently at US$ 1,901.91 per troy ounce, up 1.0% on the day (YTD: +0.1%)
  • Gold 1-Month ATM implied volatility currently at 13.28, up 0.4% on the day (YTD: -14.9%)
  • Silver spot currently at US$ 28.10 per troy ounce, up 0.8% on the day (YTD: +6.1%)
  • Silver 1-Month ATM implied volatility currently at 29.35, down -3.0% on the day (YTD: -28.1%)
  • Palladium spot currently at US$ 2,773.40 per troy ounce, up 1.6% on the day (YTD: +13.3%)
  • Platinum spot currently at US$ 1,204.49 per troy ounce, up 1.4% on the day (YTD: +11.5%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 23,000 per troy ounce, down -9.8% on the day (YTD: +34.9%)
  • Iridium (Johnson Matthey, New York 09:30) currently at US$ 6,300 per troy ounce, unchanged (YTD: +142.3%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

AGRO

  • Live Cattle (CME) currently at US$ 116.73 cents per pound, unchanged on the day (YTD: +3.3%)
  • Lean Hogs (CME) currently at US$ 115.25 cents per pound, up 1.7% on the day (YTD: +64.0%)
  • Rough Rice (CBOT) currently at US$ 13.20 cents per hundredweight, up 0.4% on the day (YTD: +6.5%)
  • Soybeans Composite (CBOT) currently at US$ 1,505.75 cents per bushel, down -0.7% on the day (YTD: +14.9%)
  • Corn (CBOT) currently at US$ 619.50 cents per bushel, down -5.6% on the day (YTD: +28.2%)
  • Wheat Composite (CBOT) currently at US$ 652.00 cents per bushel, down -0.9% on the day (YTD: +2.5%)
  • Sugar No.11 (ICE US) currently at US$ 17.04 cents per pound, up 1.2% on the day (YTD: +10.0%)
  • Cotton No.2 (ICE US) currently at US$ 82.71 cents per pound, down -0.1% on the day (YTD: +5.9%)
  • Cocoa (ICE US) currently at US$ 2,380 per tonne, down -0.4% on the day (YTD: -8.6%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 3,585 per tonne, down -0.8% on the day (YTD: +13.3%)
  • Random Length Lumber (CME) currently at US$ 1,397.00 per 1,000 board feet, down -2.9% on the day (YTD: +60.0%)
  • TSR 20 Rubber (Shanghai) currently at CNY 10,900 per tonne, down -0.1% on the day (YTD: +8.9%)
  • Soybean Oil Composite (CBOT) currently at US$ 66.15 cents per pound, up 2.4% on the day (YTD: +53.9%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,375 per tonne, up 3.3% on the day (YTD: +12.3%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

SHIPPING

  • Baltic Dry Index (Baltic Exchange) currently at 2,881, up 0.4% on the day (YTD: +110.9%)
  • Freightos China To North America West Coast Container Index currently at 5,379, up 0.6% on the day (YTD: +28.1%)
  • Freightos North America West Coast To China Container Index currently at 799, unchanged (YTD: +54.4%)
  • Freightos North America East Coast To Europe Container Index currently at 503, unchanged (YTD: +38.7%)
  • Freightos Europe To North America East Coast Container Index currently at 4,341, unchanged (YTD: +132.3%)
  • Freightos China To North Europe Container Index currently at 9,183, up 0.1% on the day (YTD: +62.2%)
  • Freightos North Europe To China Container Index currently at 1,753, unchanged (YTD: +27.5%)
  • Freightos Europe To South America West Coast Container Index currently at 3,060, unchanged (YTD: +80.9%)
Sources: ϕpost, Refinitiv dataSources: ϕpost, Refinitiv data

CARBON EMISSION ALLOWANCES (CO2)

  • EUA futures front month (European Energy Exchange) currently at EUR 53.32 per tonne, up 1.0% on the day (YTD: +63.0%)
CO2 Permits | Sources: ϕpost, Refinitiv data