Commodities

Big Day For Agros, With Corn Up 6%, Wheat Up 4%, Soybeans Up 2%

Base metals traded in Chinese futures exchanges fell again with iron ore, hot-rolled coils, rebar all down by more than 1%

Published ET

10-Year Performance of the S&P GSCI | Sources: ϕpost, FactSet data

10-Year Performance of the S&P GSCI | Sources: ϕpost, FactSet data


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NOTABLE GAINERS

  • Freightos Baltic China/East Asia To North Europe 40 Container Index up 7.1% (YTD: 74.3%)
  • CBoT Corn up 6.4% (YTD: 37.3%)
  • Johnson Matthey Rhodium New York 0930 up 5.7% (YTD: 36.4%)
  • CBoT Wheat up 4.3% (YTD: 5.6%)
  • Coffee Arabica Colombia Excelso EP Spot up 3.6% (YTD: 18.7%)
  • COMEX Copper up 2.9% (YTD: 32.8%)
  • Palladium spot up 2.3% (YTD: 14.7%)
  • Freightos Baltic Global Index up 2.3% (YTD: 54.9%)
  • CBoT Soybeans up 2.2% (YTD: 16.9%)
  • ICE-US Sugar No. 11 up 2.0% (YTD: 10.5%)

NOTABLE LOSERS

  • EEX European-Carbon- Secondary Trading down -3.4% (YTD: 61.5%)
  • ICE Europe CO2 EUA Yearly down -3.4% (YTD: 58.4%)
  • SHFE Bitumen Continuation Month 1 down -3.3% (YTD: 28.1%)
  • Bursa Malaysia Crude Palm Oil down -2.4% (YTD: 9.6%)
  • SHFE Hot Rolled Coil down -2.3% (YTD: 15.0%)
  • DCE Iron Ore Continuation Month 1 down -1.7% (YTD: 5.1%)
  • SHFE Rebar down -1.5% (YTD: 10.4%)
  • CME Random Length Lumber down -1.2% (YTD: 51.5%)
  • Platinum spot down -1.0% (YTD: 10.3%)
Sources: ϕpost, FactSet dataSources: ϕpost, FactSet data

ENERGY

  • WTI crude front month currently at US$ 67.19 per barrel, up 1.0% on the day (YTD: +37.8%); 6-month term structure in widening backwardation
  • Brent crude front month currently at US$ 69.66 per barrel, up 0.9% on the day (YTD: +34.1%); 6-month term structure in widening backwardation
  • Brent volatility at 27.8, down -3.3% on the day (12-month range: 24.7 - 58.9)
  • Newcastle Coal (ICE Europe) currently at US$ 105.50 per tonne, up 0.4% on the day (YTD: +31.1%)
  • Natural Gas (Henry Hub) currently at US$ 2.97 per MMBtu, down -0.9% on the day (YTD: +16.5%)
  • Gasoline (NYMEX) currently at US$ 2.16 per gallon, up 0.1% on the day (YTD: +52.8%); 6-month term structure in tightening backwardation
  • Low Sulphur Gasoil (ICE Europe) currently at US$ 566.25 per tonne, up 0.1% on the day (YTD: +33.5%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

BASE METALS

  • Copper (COMEX) currently at US$ 4.68 per pound, up 2.9% on the day (YTD: +32.8%)
  • Iron Ore (Dalian Commodity Exchange) currently at CNY 1,158.50 per tonne, down -1.7% on the day (YTD: +5.1%)
  • Aluminium (Shanghai) currently at CNY 18,900 per tonne, up 0.5% on the day (YTD: +17.3%)
  • Nickel (Shanghai) currently at CNY 130,880 per tonne, up 0.4% on the day (YTD: +1.8%)
  • Lead (Shanghai) currently at CNY 15,450 per tonne, unchanged (YTD: +4.1%)
  • Rebar (Shanghai) currently at CNY 4,768 per tonne, down -1.5% on the day (YTD: +10.4%)
  • Tin (Shanghai) currently at CNY 210,180 per tonne, up 0.7% on the day (YTD: +32.2%)
  • Zinc (Shanghai) currently at CNY 22,910 per tonne, up 0.2% on the day (YTD: +7.3%)
  • 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 on the day (YTD: +27.8%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

PRECIOUS METALS

  • Gold spot currently at US$ 1,896.10 per troy ounce, unchanged (YTD: -0.1%)
  • Gold 1-Month ATM implied volatility currently at 13.34, down -2.5% on the day (YTD: -15.6%)
  • Silver spot currently at US$ 27.82 per troy ounce, up 0.6% on the day (YTD: +5.5%)
  • Silver 1-Month ATM implied volatility currently at 29.24, down -2.5% on the day (YTD: -28.8%)
  • Palladium spot currently at US$ 2,808.59 per troy ounce, up 2.3% on the day (YTD: +14.7%)
  • Platinum spot currently at US$ 1,180.10 per troy ounce, down -1.0% on the day (YTD: +10.3%)
  • Rhodium (Johnson Matthey, New York 09:30) currently at US$ 23,250 per troy ounce, up 5.7% on the day (YTD: +36.4%)
  • 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$ 116.35 cents per pound, down 0.1% on the day (YTD: +3.0%)
  • Lean Hogs (CME) currently at US$ 115.73 cents per pound, up 0.4% on the day (YTD: +64.7%)
  • Rough Rice (CBOT) currently at US$ 13.24 cents per hundredweight, up 0.3% on the day (YTD: +6.7%)
  • Soybeans Composite (CBOT) currently at US$ 1,550.00 cents per bushel, up 2.2% on the day (YTD: +16.9%)
  • Corn (CBOT) currently at US$ 669.50 cents per bushel, up 6.4% on the day (YTD: +37.3%)
  • Wheat Composite (CBOT) currently at US$ 675.00 cents per bushel, up 4.3% on the day (YTD: +5.6%)
  • Sugar No.11 (ICE US) currently at US$ 17.12 cents per pound, up 2.0% on the day (YTD: +10.5%)
  • Cotton No.2 (ICE US) currently at US$ 82.70 cents per pound, up 0.2% on the day (YTD: +5.7%)
  • Cocoa (ICE US) currently at US$ 2,430 per tonne, up 0.3% on the day (YTD: -6.6%)
  • Coffee Arabica (Colombia Excelso) currently at EUR 3,757 per tonne, up 3.6% on the day (YTD: +18.7%)
  • Random Length Lumber (CME) currently at US$ 1,323.00 per 1,000 board feet, down -1.2% on the day (YTD: +51.5%)
  • TSR 20 Rubber (Shanghai) currently at CNY 11,005 per tonne, up 0.1% on the day (YTD: +9.3%)
  • Soybean Oil Composite (CBOT) currently at US$ 67.23 cents per pound, up 1.7% on the day (YTD: +54.2%)
  • Crude Palm Oil (Bursa Malaysia) currently at MYR 4,266 per tonne, down -2.4% on the day (YTD: +9.6%)
Sources: ϕpost, FactSet dataSources: ϕpost, Refinitiv data

SHIPPING

  • Baltic Dry Index (Baltic Exchange) currently at 2,754, down -2.0% on the day (YTD: +101.6%)
  • Freightos China To North America West Coast Container Index currently at 5,379, unchanged (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 4,046, unchanged (YTD: +116.5%)
  • Freightos China To North Europe Container Index currently at 9,871, up 7.1% on the day (YTD: +74.3%)
  • 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 51.84 per tonne, down -3.4% on the day (YTD: +58.4%)
Sources: ϕpost, Refinitiv data