Commodities
Gold, Silver Spot Prices Fell, While Options Implied Volatility Jumped Up Ahead Of The FOMC
High temperatures in Texas drove natural gas to its highest price this year, with potential record electric use for the month of June resulting in tight grid conditions
Published ET

Brent Crude | Source: Refinitiv
NOTABLE GAINERS
- Freightos Baltic Europe To South America West Coast Container Index up 27.6% (YTD: 183.2%)
- Gold/US Dollar 1 Month ATM Option up 6.4% (YTD: -22.2%)
- BALTIC Dry Index up 3.0% (YTD: 115.5%)
- CME Cattle(Feeder) up 2.3% (YTD: 11.3%)
- Silver/US Dollar 1 Month ATM Option up 2.2% (YTD: -32.1%)
- ICE-US Cocoa up 2.0% (YTD: -8.0%)
- CBOE Crude Oil Volatility Index up 1.8% (YTD: -12.4%)
- NYMEX Henry Hub Natural Gas up 1.7% (YTD: 32.0%)
- Platinum spot up 1.6% (YTD: 8.9%)
- Brent Crude Spot Free On Board (FOB) Sullom Voe North Sea up 1.2% (YTD: 42.4%)
NOTABLE LOSERS
- Bursa Malaysia Crude Palm Oil down -7.8% (YTD: -8.5%)
- CME Random Length Lumber down -5.9% (YTD: 14.1%)
- CBoT Corn down -3.7% (YTD: 36.2%)
- CBoT Rough Rice down -2.7% (YTD: 0.8%)
- CBoT Soybean Meal down -2.5% (YTD: -13.9%)
- CBoT Soybeans down -2.4% (YTD: 11.9%)
- ICE-US Cotton No. 2 down -2.4% (YTD: 8.7%)
- ICE-US Coffee down -2.1% (YTD: 20.2%)
- Freightos Baltic North Europe To China/East Asia 40 Container Index down -2.1% (YTD: 18.2%)
- CBoT Soybean Oil down -1.5% (YTD: 52.2%)
ENERGY
- WTI crude front month currently at US$ 71.30 per barrel, unchanged (YTD: +46.1%); 6-month term structure in tightening backwardation
- Brent crude front month currently at US$ 73.29 per barrel, up 0.2% on the day (YTD: +40.7%); 6-month term structure in widening backwardation
- Brent volatility at 27.8, down -3.2% on the day (12-month range: 24.7 - 58.6)
- Newcastle Coal (ICE Europe) currently at US$ 125.55 per tonne, down -1.1% on the day (YTD: +56.0%)
- Natural Gas (Henry Hub) currently at US$ 3.35 per MMBtu, up 1.7% on the day (YTD: +32.0%)
- Gasoline (NYMEX) currently at US$ 2.19 per gallon, down -0.7% on the day (YTD: +54.2%); 6-month term structure in widening backwardation
- Low Sulphur Gasoil (ICE Europe) currently at US$ 594.50 per tonne, up 0.8% on the day (YTD: +41.2%)
BASE METALS
- Copper (COMEX) currently at US$ 4.53 per pound, down -0.2% on the day (YTD: +29.0%)
- Chinese futures markets were closed today but below are the latest prices (from Friday)
- Iron Ore (Dalian Commodity Exchange) currently at CNY 1,340.00 per tonne (YTD: +24.2%)
- Aluminium (Shanghai) currently at CNY 18,895 per tonne (YTD: +20.5%)
- Nickel (Shanghai) currently at CNY 134,500 per tonne (YTD: +8.7%)
- Lead (Shanghai) currently at CNY 15,385 per tonne (YTD: +4.6%)
- Rebar (Shanghai) currently at CNY 4,900 per tonne (YTD: +16.1%)
- Tin (Shanghai) currently at CNY 209,480 per tonne (YTD: +39.2%)
- Zinc (Shanghai) currently at CNY 22,550 per tonne (YTD: +8.1%)
- Refined Cobalt (Shanghai) spot price currently at CNY 346,500 per tonne (YTD: +26.5%)
- Lithium (Shanghai) spot price currently at CNY 620,000 per tonne (YTD: +27.8%)
PRECIOUS METALS
- Gold spot currently at US$ 1,866.17 per troy ounce, down -0.6% on the day (YTD: -1.7%)
- Gold 1-Month ATM implied volatility currently at 12.26, up 6.4% on the day (YTD: -22.2%)
- Silver spot currently at US$ 27.85 per troy ounce, down -0.2% on the day (YTD: +5.6%)
- Silver 1-Month ATM implied volatility currently at 27.87, up 2.2% on the day (YTD: -32.1%)
- Palladium spot currently at US$ 2,747.62 per troy ounce, down -0.8% on the day (YTD: +12.5%)
- Platinum spot currently at US$ 1,165.79 per troy ounce, up 1.6% on the day (YTD: +8.9%)
- Rhodium (Johnson Matthey, New York 09:30) currently at US$ 22,700 per troy ounce, up 0.9% on the day (YTD: +33.1%)
- Iridium (Johnson Matthey, New York 09:30) currently at US$ 6,100 per troy ounce, unchanged (YTD: +134.6%)
AGRO
- Live Cattle (CME) currently at US$ 119.38 cents per pound, up 0.6% on the day (YTD: +5.7%)
- Lean Hogs (CME) currently at US$ 118.23 cents per pound, up 0.2% on the day (YTD: +74.8%)
- Rough Rice (CBOT) currently at US$ 12.46 cents per hundredweight, down -2.7% on the day (YTD: +0.8%)
- Soybeans Composite (CBOT) currently at US$ 1,479.00 cents per bushel, down -2.4% on the day (YTD: +11.9%)
- Corn (CBOT) currently at US$ 662.00 cents per bushel, down -3.7% on the day (YTD: +36.2%)
- Wheat Composite (CBOT) currently at US$ 671.75 cents per bushel, down -0.9% on the day (YTD: +5.3%)
- Sugar No.11 (ICE US) currently at US$ 17.29 cents per pound, down -1.4% on the day (YTD: +11.6%)
- Cotton No.2 (ICE US) currently at US$ 84.95 cents per pound, down -2.4% on the day (YTD: +8.7%)
- Cocoa (ICE US) currently at US$ 2,396 per tonne, up 2.0% on the day (YTD: -8.0%)
- Coffee Arabica (Colombia Excelso) currently at EUR 3,811 per tonne, down -0.8% on the day (YTD: +20.4%)
- Random Length Lumber (CME) currently at US$ 996.20 per 1,000 board feet, down -5.9% on the day (YTD: +14.1%)
- TSR 20 Rubber (Shanghai) currently at CNY 10,200 per tonne (YTD: +2.1%)
- Soybean Oil Composite (CBOT) currently at US$ 66.14 cents per pound, down -1.5% on the day (YTD: +52.2%)
- Crude Palm Oil (Bursa Malaysia) currently at MYR 3,559 per tonne, down -7.8% on the day (YTD: -8.5%)
SHIPPING
- Baltic Dry Index (Baltic Exchange) currently at 2,857, up 3.0% on the day (YTD: +115.5%)
- Freightos China To North America West Coast Container Index currently at 6,265, down -1.2% on the day (YTD: +49.2%)
- Freightos North America West Coast To China Container Index currently at 1,208, unchanged (YTD: +133.2%)
- Freightos North America East Coast To Europe Container Index currently at 699, unchanged (YTD: +92.5%)
- Freightos Europe To North America East Coast Container Index currently at 5,193, unchanged (YTD: +177.8%)
- Freightos China To North Europe Container Index currently at 11,037, unchanged (YTD: +94.9%)
- Freightos North Europe To China Container Index currently at 1,625, down -2.1% on the day (YTD: +18.2%)
- Freightos Europe To South America West Coast Container Index currently at 4,790, up 27.6% on the day (YTD: +183.2%)
CARBON EMISSION ALLOWANCES (CO2)
- EUA futures front month (European Energy Exchange) currently at EUR 52.90 per tonne, up 0.4% on the day (YTD: +61.7%)