NOTABLE GAINERS TODAY

• DCE Iron Ore Continuation Month 1 up 4.3% (YTD: 5.2%)
• SMM Rare Earth Praseodymium Metal Spot Price Daily up 3.1% (YTD: 48.7%)
• SMM Rare Earth Terbium Oxide Spot Price Daily up 2.7% (YTD: 19.3%)
• ICE-US Cocoa up 2.7% (YTD: -6.8%)
• Pork Primal Cutout Butt up 2.6% (YTD: 62.6%)
• SMM Rare Earth Praseodymium Oxide Spot Price Daily up 2.3% (YTD: 80.7%)
• NYMEX Henry Hub Natural Gas up 2.3% (YTD: 58.6%)
• SMM Rare Earth Neodymium Metal Spot Price Daily up 1.9% (YTD: 26.9%)
• SMM Rare Earth Dysprosium Iron Alloy Spot Price Daily up 1.9% (YTD: 40.1%)

NOTABLE LOSERS TODAY

• Freightos Baltic Europe To South America East Coast 40 Container Index down -10.7% (YTD: 260.7%)
• SHFE Hot Rolled Coil down -7.2% (YTD: 25.1%)
• CME Random Length Lumber down -4.6% (YTD: -30.5%)
• Coffee Arabica Colombia Excelso EP Spot down -2.8% (YTD: 32.0%)
• CBoT Soybean Meal down -2.6% (YTD: -19.9%)
• Gold/US Dollar 1 Month ATM Option IV down -2.5% (YTD: -19.9%)
• CBoT Soybean Oil down -2.1% (YTD: 46.0%)
• CBoT Soybeans down -1.9% (YTD: 5.9%)
• Coffee Robusta Vietnam Grade 1 Wet Pol Spot down -1.6% (YTD: 16.4%)
• SHFE Rebar down -1.5% (YTD: 27.7%)
• CBoT Corn down -1.5% (YTD: 13.7%)

CRUDE DOWN, NAT GAS UP TODAY

• WTI crude front month currently at US$ 70.26 per barrel, down -1.0% (YTD: +45.4%); 6-month term structure in tightening backwardation
• Brent crude front month currently at US$ 72.24 per barrel, down -0.7% (YTD: +39.8%); 6-month term structure in tightening backwardation
• Brent volatility at 30.6, up 4.2% (12-month range: 24.7 - 57.6)
• Newcastle Coal (ICE Europe) currently at US$ 152.75 per tonne, up 0.1% (YTD: +89.8%)
• Natural Gas (Henry Hub) currently at US$ 4.07 per MMBtu, up 2.3% (YTD: +58.6%)
• Gasoline (NYMEX) currently at US$ 2.27 per gallon, down -0.2% (YTD: +61.2%); 6-month term structure in tightening backwardation
• Low Sulphur Gasoil (ICE Europe) currently at US$ 591.50 per tonne, down -0.8% (YTD: +40.6%)

BASE METALS FELL BROADLY TODAY

• Copper (COMEX) currently at US$ 4.38 per pound, down -1.1% (YTD: +24.7%)
• Iron Ore (Dalian Commodity Exchange) currently at CNY 1,135.00 per tonne, up 4.3% (YTD: +5.2%)
• Aluminum (Shanghai) currently at CNY 19,750 per tonne, down -0.6% (YTD: +26.3%)
• Nickel (Shanghai) currently at CNY 143,910 per tonne, down -1.3% (YTD: +16.6%)
• Lead (Shanghai) currently at CNY 15,860 per tonne, down -0.6% (YTD: +8.3%)
• Rebar (Shanghai) currently at CNY 5,391 per tonne, down -1.5% (YTD: +27.7%)
• Tin (Shanghai) currently at CNY 232,640 per tonne, down -0.9% (YTD: +55.9%)
• Zinc (Shanghai) currently at CNY 22,090 per tonne, down -1.2% (YTD: +7.0%)
• Refined Cobalt (Shanghai) spot price currently at CNY 379,500 per tonne, unchanged (YTD: +38.5%)
• Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, unchanged (YTD: +27.8%)

PRECIOUS METALS DOWN TODAY

• Gold spot currently at US$ 1,809.89 per troy ounce, down -0.2% (YTD: -4.6%)
• Gold 1-Month ATM implied volatility currently at 12.51, down -2.5% (YTD: -19.9%)
• Silver spot currently at US$ 25.53 per troy ounce, up 0.5% (YTD: -3.3%)
• Silver 1-Month ATM implied volatility currently at 22.63, down -0.9% (YTD: -44.1%)
• Palladium spot currently at US$ 2,644.02 per troy ounce, down -1.3% (YTD: +8.3%)
• Platinum spot currently at US$ 1,045.61 per troy ounce, down -0.5% (YTD: -1.9%)
• Rhodium (Johnson Matthey, New York 09:30) currently at US$ 18,900 per troy ounce, up 1.6% (YTD: +10.9%)
• Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,400 per troy ounce, unchanged (YTD: +107.7%)

AGS MIXED TODAY

• Live Cattle (CME) currently at US$ 123.25 cents per pound, up 0.9% (YTD: +9.1%)
• Lean Hogs (CME) currently at US$ 109.08 cents per pound, up 1.5% (YTD: +55.2%)
• Rough Rice (CBOT) currently at US$ 13.36 cents per hundredweight, down -0.7% (YTD: +8.1%)
• Soybeans Composite (CBOT) currently at US$ 1,394.75 cents per bushel, down -1.9% (YTD: +5.9%)
• Corn (CBOT) currently at US$ 551.00 cents per bushel, down -1.5% (YTD: +13.7%)
• Wheat Composite (CBOT) currently at US$ 726.25 cents per bushel, down -0.7% (YTD: +13.1%)
• Sugar No.11 (ICE US) currently at US$ 17.98 cents per pound, up 0.2% (YTD: +16.1%)
• Cotton No.2 (ICE US) currently at US$ 90.30 cents per pound, up 0.3% (YTD: +15.6%)
• Cocoa (ICE US) currently at US$ 2,426 per tonne, up 2.7% (YTD: -6.8%)
• Coffee Arabica (Colombia Excelso) currently at EUR 4,178 per tonne, down -2.8% (YTD: +32.0%)
• Random Length Lumber (CME) currently at US$ 606.50 per 1,000 board feet, down -4.6% (YTD: -30.5%)
• TSR 20 Rubber (Shanghai) currently at CNY 10,835 per tonne, up 0.3% (YTD: +7.9%)
• Soybean Oil Composite (CBOT) currently at US$ 63.27 cents per pound, down -2.1% (YTD: +46.0%)
• Crude Palm Oil (Bursa Malaysia) currently at MYR 4,489 per tonne, up 1.0% (YTD: +15.4%)

SHIPPING TODAY

• Baltic Dry Index (Baltic Exchange) currently at 3,282, down -0.3% (YTD: +140.3%)
• Freightos China To North America West Coast Container Index currently at 19,237, unchanged (YTD: +358.1%)
• Freightos North America West Coast To China Container Index currently at 1,132, unchanged (YTD: +118.7%)
• Freightos North America East Coast To Europe Container Index currently at 670, unchanged (YTD: +84.6%)
• Freightos Europe To North America East Coast Container Index currently at 5,971, unchanged (YTD: +219.5%)
• Freightos China To North Europe Container Index currently at 13,836, up 1.1% (YTD: +144.3%)
• Freightos North Europe To China Container Index currently at 1,632, unchanged (YTD: +18.7%)
• Freightos Europe To South America West Coast Container Index currently at 4,621, down -0.2% (YTD: +173.2%)

CARBON EMISSION ALLOWANCES (CO2)

• EUA futures front month (European Energy Exchange) currently at EUR 54.19 per tonne, down -0.4% (YTD: +65.6%)