NOTABLE GAINERS THIS WEEK

• TRPC Natural Gas TTF Day 1 up 125.7% (YTD: 158.6%), now at 203.00
• TRPC Natural Gas TTF Monthly up 121.6% (YTD: 136.7%), now at 205.00
• ICE Europe Newcastle Coal Monthly up 75.5% (YTD: 146.2%), now at 418.75
• CBoT Wheat up 59.9% (YTD: 72.9%), now at 1,348.00
• Baltic Exchange Clean Tank Index up 42.1% (YTD: 24.7%), now at 989.00
• ICE Europe Low Sulphur Gasoil up 41.6% (YTD: 74.7%), now at 1,184.25
• NYMEX NY Harbor ULSD up 32.5% (YTD: 57.6%), now at 03.78
• NYMEX RBOB Gasoline up 29.9% (YTD: 54.3%), now at 03.54
• Baltic Exchange Dirty Tank Index up 28.5% (YTD: 87.1%), now at 1,474.00
• Palladium spot up 27.3% (YTD: 53.2%), now at 3,009.84
• NYMEX Light Sweet Crude Oil (WTI) up 26.3% (YTD: 50.3%), now at 115.68
• Crude Oil WTI Cushing US FOB up 26.3% (YTD: 50.7%), now at 115.72
• Brent Forties and Oseberg Dated FOB North Sea Crude up 25.3% (YTD: 56.8%), now at 123.73
• Brent Crude Spot Free On Board (FOB) Sullom Voe North Sea up 21.5% (YTD: 56.8%), now at 123.34

NOTABLE LOSERS THIS WEEK

• EEX European Union Aviation Allowance Continuation Month 1 down -26.4% (YTD: -19.0%), now at 66.70
• EEX European-Carbon- Secondary Trading down -26.1% (YTD: -18.6%), now at 64.61
• Intercontinental Exchange Endex European Union Allowance (EUA) Yearly down -26.1% (YTD: -18.8%), now at 65.10
• ICE-US Coffee C down -6.6% (YTD: -2.1%), now at 224.90
• Shanghai International Exchange TSR 20 Rubber down -5.0% (YTD: -3.2%), now at 11,130.00
• CME Cattle (Feeder) down -4.3% (YTD: -7.9%), now at 153.13
• Baltic Exchange Capesize Index down -3.3% (YTD: -30.5%), now at 1,635.00
• CME Lean Hogs down -3.1% (YTD: 21.5%), now at 100.45
• Coffee Robusta Vietnam Grade 1 Wet Pol spot down -2.7% (YTD: -11.0%), now at 1,933.00
• CME Live Cattle down -2.5% (YTD: -2.4%), now at 135.78
• SHFE Rubber down -2.4% (YTD: -6.8%), now at 13,425.00
• Coffee Arabica Colombia Excelso EP spot down -2.2% (YTD: 4.7%), now at 5,769.00
• ICE-US Cotton No. 2 down -1.6% (YTD: 5.1%), now at 120.40
• SHFE Lead Continuation Month 1 down -0.8% (YTD: 0.6%), now at 15,570.00

NET POSITIONS OF MANAGED MONEY (WEEKLY CFTC REPORT)

ENERGY

• Light Sweet Crude increased net long position
• Ice Brent increased net long position
• Gasoline RBOB reduced net long position
• No.2 Heating Oil increased net long position
• Ice Gasoil reduced net long position
• Henry Hub Ice reduced net long position

METALS

• Gold increased net long position
• Silver increased net long position
• Platinum reduced net long position
• Palladium turned to net long
• Copper-Grade#1 reduced net long position

AGRICULTURE

• Wheat reduced net short position
• Corn reduced net long position
• Rough Rice increased net long position
• Oats reduced net long position
• Soybeans reduced net long position
• Soybean Oil increased net long position
• Soybean Meal increased net long position
• Lean Hogs reduced net long position
• Live Cattle reduced net long position
• Feeder Cattle turned to net short
• Cocoa reduced net long position
• Coffee C reduced net long position
• Robusta Coffee reduced net long position
• Frozen Orange Juice reduced net long position
• Sugar No.11 increased net long position
• White Sugar increased net long position

ENERGY THIS WEEK

• WTI crude front month currently at US$ 115.68 per barrel, up 26.3% (YTD: +50.3%); 6-month term structure in widening backwardation
• Brent crude front month currently at US$ 118.11 per barrel, up 20.6% (YTD: +48.9%)
• Newcastle Coal (ICE Europe) currently at US$ 418.75 per tonne, up 75.5% (YTD: +146.2%)
• Natural Gas (Henry Hub) currently at US$ 5.02 per MMBtu, up 12.2% (YTD: +40.9%)
• Gasoline (NYMEX) currently at US$ 3.54 per gallon, up 29.9% (YTD: +54.3%); 6-month term structure in widening backwardation
• Low Sulphur Gasoil (ICE Europe) currently at US$ 1184.25 per tonne, up 41.6% (YTD: +74.7%)

BASE METALS THIS WEEK

• Copper (COMEX) currently at US$ 4.90 per pound, up 10.2% (YTD: +12.4%)
• Iron Ore (Dalian Commodity Exchange) currently at CNY 822.00 per tonne, up 15.4% (YTD: +19.8%)
• Aluminum (Shanghai) currently at CNY 23,575 per tonne, up 3.2% (YTD: +16.3%)
• Nickel (Shanghai) currently at CNY 197,760 per tonne, up 6.2% (YTD: +26.2%)
• Lead (Shanghai) currently at CNY 15,570 per tonne, down -0.8% (YTD: +0.6%)
• Rebar (Shanghai) currently at CNY 5,100 per tonne, up 7.1% (YTD: +9.1%)
• Tin (Shanghai) currently at CNY 345,900 per tonne, up 0.4% (YTD: +14.0%)
• Zinc (Shanghai) currently at CNY 25,970 per tonne, up 4.3% (YTD: +7.6%)
• Refined Cobalt (Shanghai) spot price currently at CNY 553,500 per tonne, up 0.2% (YTD: +13.7%)
• Lithium (Shanghai) spot price currently at CNY 2,734,000 per tonne, up 7.6% (YTD: +104.8%)

PRECIOUS METALS THIS WEEK

• Gold spot currently at US$ 1,970.17 per troy ounce, up 4.3% (YTD: +8.6%)
• Gold 1-Month ATM implied volatility currently at 21.50
• Silver spot currently at US$ 25.68 per troy ounce, up 5.9% (YTD: +11.6%)
• Silver 1-Month ATM implied volatility currently at 33.08
• Palladium spot currently at US$ 3,009.84 per troy ounce, up 27.3% (YTD: +53.2%)
• Platinum spot currently at US$ 1,122.87 per troy ounce, up 6.4% (YTD: +16.7%)
• Rhodium (Johnson Matthey, New York 09:30) currently at US$ 21,000 per troy ounce, up 5.0% (YTD: +48.9%)
• Iridium (Johnson Matthey, New York 09:30) currently at US$ 4,500 per troy ounce, up 15.4% (YTD: +12.5%)

AGS THIS WEEK

• Live Cattle (CME) currently at US$ 135.78 cents per pound, down 2.5% (YTD: -2.4%)
• Lean Hogs (CME) currently at US$ 100.45 cents per pound, down -3.1% (YTD: +21.5%)
• Rough Rice (CBOT) currently at US$ 16.12 cents per hundredweight, up 6.7% (YTD: +10.6%)
• Soybeans Composite (CBOT) currently at US$ 1,676.25 cents per bushel, up 5.4% (YTD: +26.2%)
• Corn (CBOT) currently at US$ 756.50 cents per bushel, up 14.7% (YTD: +26.9%)
• Wheat Composite (CBOT) currently at US$ 1,348.00 cents per bushel, up 59.9% (YTD: +72.9%)
• Sugar No.11 (ICE US) currently at US$ 19.38 cents per pound, up 7.6% (YTD: +3.0%)
• Cotton No.2 (ICE US) currently at US$ 120.40 cents per pound, down -1.6% (YTD: +5.1%)
• Cocoa (ICE US) currently at US$ 2,524 per tonne, up 0.2% (YTD: +0.9%)
• Coffee Arabica (Colombia Excelso) currently at EUR 5,769 per tonne, down -2.2% (YTD: +4.7%)
• Random Length Lumber (CME) currently at US$ 1,441.00 per 1,000 board feet, up 9.8% (YTD: +24.5%)
• TSR 20 Rubber (Shanghai) currently at CNY 11,130 per tonne, down -5.0% (YTD: -3.2%)
• Soybean Oil Composite (CBOT) currently at US$ 76.80 cents per pound, up 11.7% (YTD: +37.5%)
• Crude Palm Oil (Bursa Malaysia) currently at MYR 6,780 per tonne, up 0.9% (YTD: +31.7%)

SHIPPING THIS WEEK

• Baltic Dry Index (Baltic Exchange) currently at 2,148, up 3.5% (YTD: -3.2%)
• Freightos China To North America West Coast Container Index currently at 16,155, unchanged (YTD: +17.9%)
• Freightos North America West Coast To China Container Index currently at 996, up 11.8% (YTD: +13.8%)
• Freightos North America East Coast To Europe Container Index currently at 682, up 21.1% (YTD: +26.3%)
• Freightos Europe To North America East Coast Container Index currently at 6,851, down -0.5% (YTD: -3.5%)
• Freightos China To North Europe Container Index currently at 13,350, down -5.0% (YTD: -6.0%)
• Freightos North Europe To China Container Index currently at 888, up 0.2% (YTD: -21.4%)
• Freightos Europe To South America West Coast Container Index currently at 8,160, up 1.1% (YTD: +4.5%)

CARBON EMISSION ALLOWANCES (CO2)

• EUA front-month future (ICE) currently at EUR 65.10 per tonne, down -26.1% (YTD: -18.8%)