HEADLINES & MACRO

• United States, Stock Levels, EIA, Total Crude Oil excluding SPR, Absolute change, Volume for W 28 May (EIA, United States) at -5.08, below consensus estimate of -2.44
• United States, Stock Levels, EIA, Total Distillate, Absolute change, Volume for W 28 May (EIA, United States) at 3.72, above consensus estimate of -1.48
• United States, Stock Levels, EIA, Gasoline, Absolute change, Volume for W 28 May (EIA, United States) at 1.50, above consensus estimate of -1.48
• United States, Stock Levels, EIA, Natural Gas in Underground Storage, Lower 48 States, Absolute change, Volume for W 28 May (EIA, United States) at 98.00, above consensus estimate of 95.00
• United States, Production, EIA, Refinery Capacity Utilization, Absolute change, Volume for W 28 May (EIA, United States) at 1.70, above consensus estimate of 0.80

NOTABLE GAINERS

• DCE RBD Palm Oil up 4.4% (YTD: 27.0%)
• DCE Iron Ore up 3.8% (YTD: 18.6%)
• CBOE Crude Oil Volatility Index up 3.4% (YTD: -10.4%)
• Pork Primal Cutout Butt up 3.2% (YTD: 135.9%)
• Freightos Baltic China/East Asia To Mediterranean 40 Container Index up 2.4% (YTD: 83.7%)
• Bursa Malaysia Crude Palm Oil up 2.3% (YTD: 9.5%)
• SHFE Hot Rolled Coil up 1.5% (YTD: 23.4%)
• Commodities Exchange Center Iron Ore 62% Fe CFR China (TSI) up 1.5% (YTD: 33.5%)
• SGX Iron Ore 62% China CFR Swap Monthly up 1.3% (YTD: 33.2%)
• Freightos Baltic Mediterranean To China/East Asia 40 Container Index up 1.0% (YTD: 10.8%)

NOTABLE LOSERS

• Zhengzhou Exchange Thermal Coal down -7.4% (YTD: -5.5%)
• Johnson Matthey Rhodium New York 0930 down -5.1% (YTD: 37.8%)
• Silver/US Dollar 1 Month ATM Option down -4.3% (YTD: -31.0%)
• COMEX Copper down -2.8% (YTD: 27.2%)
• Platinum spot down -2.8% (YTD: 8.3%)
• Silver spot down -2.6% (YTD: 4.0%)
• Gold/US Dollar 1 Month ATM Option down -2.4% (YTD: -20.3%)
• ICE Europe EUA Yearly down -2.3% (YTD: 53.5%)
• EEX European-Carbon- Secondary Trading down -2.2% (YTD: 56.5%)
• Gold spot down -2.0% (YTD: -1.4%)
• NYMEX Henry Hub Natural Gas down -1.1% (YTD: 19.8%)

ENERGY

• WTI crude front month currently at US$ 68.42 per barrel, unchanged (YTD: +41.8%); 6-month term structure in tightening backwardation
• Brent crude front month currently at US$ 70.84 per barrel, down -0.1% on the day (YTD: +37.7%); 6-month term structure in widening backwardation
• Brent volatility at 27.2, up 1.2% on the day (12-month range: 24.7 - 58.9)
• Newcastle Coal (ICE Europe) currently at US$ 119.00 per tonne, down -0.8% on the day (YTD: +47.8%)
• Natural Gas (Henry Hub) currently at US$ 3.07 per MMBtu, down -1.1% on the day (YTD: +19.8%)
• Gasoline (NYMEX) currently at US$ 2.19 per gallon, up 0.4% on the day (YTD: +56.3%); 6-month term structure in tightening backwardation
• Low Sulphur Gasoil (ICE Europe) currently at US$ 576.75 per tonne, down -0.3% on the day (YTD: +37.0%)

BASE METALS

• Copper (COMEX) currently at US$ 4.47 per pound, down -2.8% on the day (YTD: +27.2%)
• Iron Ore (Dalian Commodity Exchange) currently at CNY 1,279.50 per tonne, up 3.8% on the day (YTD: +18.6%)
• Aluminium (Shanghai) currently at CNY 18,260 per tonne, down -0.6% on the day (YTD: +18.2%)
• Nickel (Shanghai) currently at CNY 130,270 per tonne, up 0.5% on the day (YTD: +7.8%)
• Lead (Shanghai) currently at CNY 15,020 per tonne, down -0.2% on the day (YTD: +4.0%)
• Rebar (Shanghai) currently at CNY 4,860 per tonne, up 0.4% on the day (YTD: +14.9%)
• Tin (Shanghai) currently at CNY 203,390 per tonne, down -0.8% on the day (YTD: +36.6%)
• Zinc (Shanghai) currently at CNY 22,395 per tonne, down -0.4% on the day (YTD: +9.9%)
• 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%)

PRECIOUS METALS

• Gold spot currently at US$ 1,860.71 per troy ounce, down -2.0% on the day (YTD: -1.4%)
• Gold 1-Month ATM implied volatility currently at 12.38, down -2.4% on the day (YTD: -20.3%)
• Silver spot currently at US$ 27.27 per troy ounce, down -2.6% on the day (YTD: +4.0%)
• Silver 1-Month ATM implied volatility currently at 28.31, down -4.3% on the day (YTD: -31.0%)
• Palladium spot currently at US$ 2,832.73 per troy ounce, down -0.6% on the day (YTD: +16.1%)
• Platinum spot currently at US$ 1,148.48 per troy ounce, down -2.8% on the day (YTD: +8.3%)
• Rhodium (Johnson Matthey, New York 09:30) currently at US$ 23,500 per troy ounce, down -5.1% on the day (YTD: +37.8%)
• 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$ 116.78 cents per pound, down 0.3% on the day (YTD: +3.4%)
• Lean Hogs (CME) currently at US$ 119.38 cents per pound, up 1.0% on the day (YTD: +69.9%)
• Rough Rice (CBOT) currently at US$ 13.30 cents per hundredweight, down -0.1% on the day (YTD: +7.2%)
• Soybeans Composite (CBOT) currently at US$ 1,555.00 cents per bushel, down -0.8% on the day (YTD: +17.8%)
• Corn (CBOT) currently at US$ 665.50 cents per bushel, down -1.9% on the day (YTD: +36.8%)
• Wheat Composite (CBOT) currently at US$ 678.25 cents per bushel, down -1.6% on the day (YTD: +5.6%)
• Sugar No.11 (ICE US) currently at US$ 17.43 cents per pound, down -1.4% on the day (YTD: +12.5%)
• Cotton No.2 (ICE US) currently at US$ 84.10 cents per pound, up 0.5% on the day (YTD: +7.8%)
• Cocoa (ICE US) currently at US$ 2,415 per tonne, down -0.5% on the day (YTD: -7.2%)
• Coffee Arabica (Colombia Excelso) currently at EUR 3,877 per tonne, up 0.8% on the day (YTD: +22.5%)
• Random Length Lumber (CME) currently at US$ 1,326.20 per 1,000 board feet, down -0.3% on the day (YTD: +51.9%)
• TSR 20 Rubber (Shanghai) currently at CNY 10,525 per tonne, up 0.8% on the day (YTD: +4.9%)
• Soybean Oil Composite (CBOT) currently at US$ 69.20 cents per pound, down -2.2% on the day (YTD: +58.9%)
• Crude Palm Oil (Bursa Malaysia) currently at MYR 4,215 per tonne, up 2.3% on the day (YTD: +9.5%)

SHIPPING

• Baltic Dry Index (Baltic Exchange) currently at 2,472, down -2.3% on the day (YTD: +81.0%)
• Freightos China To North America West Coast Container Index currently at 5,611, up 0.6% on the day (YTD: +33.6%)
• Freightos North America West Coast To China Container Index currently at 1,014, unchanged (YTD: +95.9%)
• Freightos North America East Coast To Europe Container Index currently at 645, unchanged (YTD: +77.6%)
• Freightos Europe To North America East Coast Container Index currently at 4,366, unchanged (YTD: +133.6%)
• Freightos China To North Europe Container Index currently at 10,681, up 0.5% on the day (YTD: +88.6%)
• Freightos North Europe To China Container Index currently at 1,739, unchanged (YTD: +26.4%)
• Freightos Europe To South America West Coast Container Index currently at 3,099, unchanged (YTD: +83.2%)

CARBON EMISSION ALLOWANCES (CO2)

• EUA futures front month (European Energy Exchange) currently at EUR 50.24 per tonne, down -2.3% on the day (YTD: +53.5%)