Commodities
Crude Oil And Base Metals Drop On Underwhelming Economic Releases
Lumber, soybean oil, pork as well as CO2 emission permits keep rising
Published ET

Sources: ϕpost, FactSet data
NOTABLE GAINERS
- CME Random Length Lumber Electronic Commodity Future Continuation 1 up 8.3% (YTD: +80.5%)
- Pork Primal Cutout Picnic Livestock Mandatory Report up 8.2% (YTD: +57.0%)
- CBoT Corn Composite Commodity Future up 4.3% (YTD: +51.3%)
- Bursa Malaysia Crude Palm Oil Commodity Future Continuation 1 up 4.2% (YTD: +18.0%)
- Silver up 3.8% (YTD: +2.0%)
- CBoT Soybean Oil up 3.5% (YTD: +57.7%)
- Platinum up 2.5% (YTD: +15.0%)
- CME Lean Hogs up 1.8% (YTD: +57.5%)
- ICE-US Cotton No. 2 up 1.5% (YTD: +11.6%)
- Gold up 1.4% (YTD: -5.5%)
NOTABLE LOSERS
- ICE-US Cocoa down -5.3% (YTD: -10.6%)
- CME Live Cattle down -3.5% (YTD: +2.1%)
- ICE-US Sugar No. 11 down -2.0% (YTD: +8.0%)
- ICE-US Coffee down -1.9% (YTD: +8.2%)
- CBoT Wheat down -1.6% (YTD: +13.3%)
- CBoT Soybean Meal down -1.5% (YTD: -4.2%)
- CME Cattle (Feeder) down -1.1% (YTD: -4.2%)
- Coffee Arabica Colombia Excelso down -0.9% (YTD: +8.8%)
ENERGY
- WTI crude spot currently at US$ 64.41 per barrel, down -2.3% on the day (YTD: +31.3%);
- 6-month term structure in tightening backwardation
- Brent crude spot currently at US$ 68.33 per barrel, down -0.4% on the day (YTD: +34.3%); 6-month term structure in tightening backwardation
- Brent volatility at 33.6, up 5.0% on the day (12-month range: 24.7 - 100.4)
- Newcastle Coal (ICE Europe) currently at US$ 92.80 per tonne, up 0.4% on the day (YTD: +15.9%)
- Natural Gas (Henry Hub) currently at US$ 2.96 per MMBtu, up 0.7% on the day (YTD: +15.4%); 6-month term structure in tightening backwardation
- Gasoline (NYMEX) currently at US$ 2.12 per gallon, down -1.4% on the day (YTD: +47.0%); 6-month term structure in widening backwardation
- Low Sulphur Gasoil (ICE Europe) currently at US$ 543.00 per tonne, down -1.8% on the day (YTD: +26.9%); 6-month term structure in tightening backwardation
BASE METALS
- Copper (COMEX) currently at US$ 4.54 per pound, down -0.3% on the day (YTD: +27.5%)
- Iron Ore (Dalian Commodity Exchange) currently at CNY 1,235.00 per tonne, down -1.2% on the day (YTD: +14.5%)
- Aluminium (Shanghai) currently at CNY 18,860 per tonne, up 0.6% on the day (YTD: +20.2%)
- Nickel (Shanghai) currently at CNY 129,850 per tonne, up 0.1% on the day (YTD: +4.9%)
- Lead (Shanghai) currently at CNY 15,095 per tonne, down -0.9% on the day (YTD: +2.7%)
- Rebar (Shanghai) currently at CNY 5,362 per tonne, unchanged (YTD: +27.1%)
- Tin (Shanghai) currently at CNY 191,910 per tonne, up 1.0% on the day (YTD: +27.6%)
- Zinc (Shanghai) currently at CNY 21,910 per tonne, down -1.4% on the day (YTD: +5.0%)
- Refined Cobalt (Shanghai) spot price currently at CNY 350,500 per tonne, unchanged (YTD: +27.9%)
- Lithium (Shanghai) spot price currently at CNY 585,000 per tonne, unchanged (YTD: +20.6%)
PRECIOUS METALS
- Gold spot currently at US$ 1,788.86 per troy ounce, up 1.4% on the day (YTD: -5.5%)
- Gold 1-Month ATM implied volatility currently at 12.20, up 8.9% on the day (YTD: -23.1%)
- Silver spot currently at US$ 26.75 per troy ounce, up 3.8% on the day (YTD: +2.0%)
- Silver 1-Month ATM implied volatility currently at 26.03, up 3.9% on the day (YTD: -36.5%)
- Palladium spot currently at US$ 2,973.36 per troy ounce, up 1.0% on the day (YTD: +21.3%)
- Platinum spot currently at US$ 1,228.47 per troy ounce, up 2.5% on the day (YTD: +15.0%)
- Rhodium (Johnson Matthey, New York 09:30) currently at US$ 29,500 per troy ounce, unchanged (YTD: +73.0%)
- Iridium (Johnson Matthey, New York 09:30) currently at US$ 6,300 per troy ounce, unchanged (YTD: +142.3%)
AGRICULTURE
- Live Cattle (CME) currently at US$ 115.30 cents per pound, down -3.5% on the day (YTD: +2.1%)
- Lean Hogs (CME) currently at US$ 110.70 cents per pound, up 1.8% on the day (YTD: +57.5%)
- Rough Rice (CBOT) currently at US$ 13.43 cents per hundredweight, up 0.4% on the day (YTD: +8.3%)
- Soybeans Composite (CBOT) currently at US$ 1,560.25 cents per bushel, up 1.2% on the day (YTD: +18.6%)
- Corn (CBOT) currently at US$ 734.00 cents per bushel, up 4.3% on the day (YTD: +51.3%)
- Wheat Composite (CBOT) currently at US$ 725.50 cents per bushel, down -1.6% on the day (YTD: +13.3%)
- Sugar No.11 (ICE US) currently at US$ 16.73 cents per pound, down -2.0% on the day (YTD: +8.0%)
- Cotton No.2 (ICE US) currently at US$ 87.21 cents per pound, up 1.5% on the day (YTD: +11.6%)
- Cocoa (ICE US) currently at US$ 2,328 per tonne, down -5.3% on the day (YTD: -10.6%)
- Coffee Arabica (Colombia Excelso) currently at EUR 3,445 per tonne, down -0.9% on the day (YTD: +8.8%)
- Random Length Lumber (CME) currently at US$ 1,575.60 per 1,000 board feet, up 8.3% on the day (YTD: +80.5%)
- TSR 20 Rubber (Shanghai) currently at CNY 11,015 per tonne, down -0.2% on the day (YTD: +10.2%)
- Soybean Oil Composite (CBOT) currently at US$ 68.31 cents per pound, up 3.5% on the day (YTD: +57.7%)
- Crude Palm Oil (Bursa Malaysia) currently at MYR 4,593 per tonne, up 4.2% on the day (YTD: +18.0%)
SHIPPING
- Baltic Dry Index (Baltic Exchange) currently at 3,053, up 1.5% on the day (YTD: +123.5%)
- Freightos China To North America West Coast Container Index currently at 4,979, unchanged (YTD: +25.3%)
- Freightos North America West Coast To China Container Index currently at 812, unchanged (YTD: +47.8%)
- Freightos North America East Coast To Europe Container Index currently at 495,unchanged (YTD: +47.3%)
- Freightos Europe To North America East Coast Container Index currently at 3,532, unchanged (YTD: +78.3%)
- Freightos China To North Europe Container Index currently at 8,044, up 0.2% on the day (YTD: +59.1%)
- Freightos North Europe To China Container Index currently at 1,660, unchanged (YTD: +12.1%)
- Freightos Europe To South America West Coast Container Index currently at 3,042, unchanged (YTD: +78.4%)
CARBON EMISSION ALLOWANCES (CO2)
- EUA futures front month (European Energy Exchange) currently at EUR 48.74 per tonne, up 1.2% on the day (YTD: +53.9%)