HEADLINES

• Baker Hughes weekly US oil rig increase by 2 to 344
• China monthly Copper exports above expectations
• Corn, wheat and soybeans at multi-year highs on robust demand
• Cotton rises with drought worries in Texas growing areas

TOP GAINERS

• Pork Primal Cutout Butt up 4.8% (YTD: 69.8%)
• SGX Iron Ore 62% China CFR Swap Monthly up 4.3% (YTD: 32.4%)
• Bursa Malaysia Crude Palm Oil up 3.5% (YTD: 25.5%)
• CBoT Soybean Meal up 3.5% (YTD: 1.9%)
• COMEX Copper up 3.2% (YTD: 35.6%)
• DCE Coking Coal up 2.9% (YTD: 18.6%)

BIGGEST LOSERS

• Pork Primal Cutout Ham down -5.4% (YTD: 25.4%)
• SMM Rare Earth Gadolinium Oxide Spot Price Daily down -2.5% (YTD: 8.1%)
• SMM Rare Earth Terbium Oxide Spot Price Daily down -2.5% (YTD: 9.7%)
• Johnson Matthey Rhodium New York 0930 down -2.4% (YTD: 66.6%)
• SMM Rare Earth Terbium Metal Spot Price Daily down -2.0% (YTD: 9.6%)
• SMM Rare Earth Neodymium Oxide Spot Price Daily down -1.5% (YTD: 6.3%)
• Pork Primal Cutout Belly down -1.0% (YTD: 47.7%)

ENERGY

• WTI crude front month currently at US$ 64.90 per barrel, up 0.3% on the day (YTD: +33.8%); 6-month term structure in tightening backwardation
• Brent crude front month currently at US$ 68.28 per barrel, up 0.3% on the day (YTD: +31.8%); 6-month term structure in tightening backwardation
• Brent volatility at 33.2, up 3.4% on the day (12-month range: 24.7 - 90.3)
• Newcastle Coal (ICE Europe) currently at US$ 96.15 per tonne, up 0.1% on the day (YTD: +19.4%)
• Natural Gas (Henry Hub) currently at US$ 2.96 per MMBtu, up 1.0% on the day (YTD: +16.5%); 6-month term structure in widening backwardation
• Gasoline (NYMEX) currently at US$ 2.13 per gallon, up 0.6% on the day (YTD: +51.0%); 6-month term structure in widening backwardation
• Low Sulphur Gasoil (ICE Europe) currently at US$ 550.50 per tonne, down -0.1% on the day (YTD: +30.8%); 6-month term structure in widening backwardation

BASE METALS

• Copper (COMEX) currently at US$ 4.77 per pound, up 3.2% on the day (YTD: +35.6%)
• Iron Ore (Dalian Commodity Exchange) currently at CNY 1,270.50 per tonne, up 2.6% on the day (YTD: +17.5%)
• Aluminium (Shanghai) currently at CNY 19,860 per tonne, up 2.7% on the day (YTD: +25.9%)
• Nickel (Shanghai) currently at CNY 132,200 per tonne, up 0.7% on the day (YTD: +7.4%)
• Lead (Shanghai) currently at CNY 15,650 per tonne, up 1.7% on the day (YTD: +6.1%)
• Rebar (Shanghai) currently at CNY 5,588 per tonne, up 1.7% on the day (YTD: +31.6%)
• Tin (Shanghai) currently at CNY 194,000 per tonne, up 0.1% on the day (YTD: +31.2%)
• Zinc (Shanghai) currently at CNY 22,565 per tonne, up 1.8% on the day (YTD: +6.5%)
• 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$ 1,830.48 per troy ounce, up 0.9% on the day (YTD: -3.5%)
• Gold 1-Month ATM implied volatility currently at 12.56, down -0.6% on the day (YTD: -19.3%)
• Silver spot currently at US$ 27.42 per troy ounce, up 0.5% on the day (YTD: +4.0%)
• Silver 1-Month ATM implied volatility currently at 28.05, up 0.7% on the day (YTD: -31.6%)
• Palladium spot currently at US$ 2,926.51 per troy ounce, down -0.7% on the day (YTD: +19.7%)
• Platinum spot currently at US$ 1,252.57 per troy ounce, up 0.1% on the day (YTD: +17.2%)
• Rhodium (Johnson Matthey, New York 09:30) currently at US$ 28,400 per troy ounce, down -2.4% on the day (YTD: +66.6%)
• Iridium (Johnson Matthey, New York 09:30) currently at US$ 6,300 per troy ounce, unchanged (YTD: +142.3%)

AGRO

• Live Cattle (CME) currently at US$ 116.03 cents per pound, up 0.5% on the day (YTD: +2.7%)
• Lean Hogs (CME) currently at US$ 111.98 cents per pound, up 0.5% on the day (YTD: +59.3%)
• Rough Rice (CBOT) currently at US$ 14.19 cents per hundredweight, up 2.0% on the day (YTD: +14.4%)
• Soybeans Composite (CBOT) currently at US$ 1,621.00 cents per bushel, up 1.0% on the day (YTD: +23.2%)
• Corn (CBOT) currently at US$ 772.75 cents per bushel, up 1.7% on the day (YTD: +59.7%)
• Wheat Composite (CBOT) currently at US$ 773.50 cents per bushel, up 1.2% on the day (YTD: +20.8%)
• Sugar No.11 (ICE US) currently at US$ 17.47 cents per pound, down -0.3% on the day (YTD: +12.9%)
• Cotton No.2 (ICE US) currently at US$ 89.53 cents per pound, up 0.2% on the day (YTD: +14.8%)
• Cocoa (ICE US) currently at US$ 2,372 per tonne, up 2.1% on the day (YTD: -7.0%)
• Coffee Arabica (Colombia Excelso) currently at EUR 3,658 per tonne, up 1.6% on the day (YTD: +15.6%)
• Random Length Lumber (CME) currently at US$ 1,686.00 per 1,000 board feet, up 2.5% on the day (YTD: +93.1%)
• TSR 20 Rubber (Shanghai) currently at CNY 10,930 per tonne, up 1.5% on the day (YTD: +12.7%)
• Soybean Oil Composite (CBOT) currently at US$ 66.38 cents per pound, up 0.2% on the day (YTD: +53.2%)
• Crude Palm Oil (Bursa Malaysia) currently at MYR 4,885 per tonne, up 3.5% on the day (YTD: +25.5%)

SHIPPING

• Baltic Dry Index (Baltic Exchange) currently at 3,183, down -0.9% on the day (YTD: +133.0%)
• Freightos China To North America West Coast Container Index currently at 5,144, unchanged (YTD: +32.8%)
• Freightos North America West Coast To China Container Index currently at 812, unchanged (YTD: +56.9%)
• 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 3,747, up 2.2% on the day (YTD: +94.7%)
• Freightos China To North Europe Container Index currently at 8,248, unchanged (YTD: +69.0%)
• Freightos North Europe To China Container Index currently at 1,753, up 0.3% on the day (YTD: +27.5%)
• Freightos Europe To South America West Coast Container Index currently at 3,043, unchanged (YTD: +79.9%)

CARBON EMISSION ALLOWANCES (CO2)

• EUA futures front month (European Energy Exchange) currently at EUR 49.82 per tonne, up 1.0% on the day (YTD: +57.1%)