BAKER HUGHES WEEKLY RIG COUNT

• North America: +20 this week at 666 (vs 646 prior)
• US: +9 this week at 512 (vs 503 prior)
• Oil: +10 this week at 411 (vs 401 prior)
• Nat Gas: -1 this week at 100 (vs 101 prior)

NOTABLE GAINERS TODAY

• Johnson Matthey Rhodium New York 0930 up 7.2% (YTD: -26.1%)
• CME Random Length Lumber up 6.8% (YTD: -27.4%)
• SMM Rare Earth Praseodymium Metal Spot Price Daily up 5.1% (YTD: 56.2%)
• Commodities Exchange Center Iron Ore 62% Fe CFR China (TSI) up 2.5% (YTD: -21.1%)
• SMM Rare Earth Neodymium Metal Spot Price Daily up 2.3% (YTD: 25.7%)
• SHFE Rebar up 1.8% (YTD: 35.3%)
• SMM Lithium Metal Spot Price Daily up 1.2% (YTD: 70.1%)
• Coffee Robusta Vietnam Grade 1 Wet Pol Spot up 1.0% (YTD: 30.9%)
• ICE Europe Newcastle Coal Monthly up 0.9% (YTD: 120.5%)
• WUXI Metal Cobalt Bi-Monthly up 0.8% (YTD: 31.4%)
• SMM Rare Earth Neodymium Oxide Spot Price Daily up 0.8% (YTD: 22.5%)
• SMM Rare Earth Praseodymium Oxide Spot Price Daily up 0.8% (YTD: 82.8%)
• Platinum spot up 0.7% (YTD: -12.1%)
• CBoT Rough Rice up 0.7% (YTD: 11.1%)
• SHFE Zinc up 0.7% (YTD: 9.1%)

NOTABLE LOSERS TODAY

• DCE Iron Ore Continuation Month 1 down -7.4% (YTD: -35.2%)
• NYMEX Henry Hub Natural Gas down -4.3% (YTD: 101.1%)
• Bursa Malaysia Crude Palm Oil down -3.9% (YTD: 16.1%)
• SGX Iron Ore 62% China CFR Swap Monthly down -3.4% (YTD: -26.5%)
• DCE Coke down -2.3% (YTD: 34.7%)
• Silver spot down -2.2% (YTD: -15.1%)
• SHFE Nickel down -1.8% (YTD: 16.9%)
• ICE-US Sugar No. 11 down -1.6% (YTD: 23.8%)
• Shanghai International Exchange Bonded Copper down -1.6% (YTD: 19.0%)
• SHFE Bitumen Continuation Month 1 down -1.3% (YTD: 26.1%)
• SHFE Copper down -1.2% (YTD: 19.9%)
• DCE Coking Coal Continuation Month 1 down -1.1% (YTD: 133.0%)
• SMM Rare Earth Dysprosium Iron Alloy Spot Price Daily down -1.1% (YTD: 37.5%)
• SMM Rare Earth Dysprosium Oxide Spot Price Daily down -1.1% (YTD: 37.1%)
• CBoT Soybean Oil down -1.0% (YTD: 29.9%)

NET POSITIONS OF MANAGED MONEY (WEEKLY CFTC REPORT)

ENERGY

• Light Sweet Crude increased net long position
• Ice Brent increased net long position
• Gasoline RBOB increased net long position
• No.2 Heating Oil reduced net long position
• Ice Gasoil reduced net long position
• Henry Hub Ice increased net long position

METALS

• Gold increased net long position
• Silver reduced net long position
• Platinum increased net short position
• Palladium turned to net short
• Copper-Grade#1 increased net long position

AGRICULTURE

• Wheat turned to net short
• Corn reduced net long position
• Rough Rice reduced net short position
• Oats reduced net long position
• Soybeans reduced net long position
• Soybean Oil reduced net long position
• Soybean Meal increased net short position
• Lean Hogs reduced net long position
• Live Cattle reduced net long position
• Feeder Cattle reduced net long position
• Cocoa reduced net long position
• Coffee C reduced net long position
• Robusta Coffee increased net long position
• Frozen Orange Juice increased net long position
• Sugar No.11 reduced net long position
• White Sugar reduced net long position

ENERGY FALLS TODAY

• WTI crude front month currently at US$ 71.97 per barrel, down -0.9% (YTD: +48.3%); 6-month term structure in tightening backwardation
• Brent crude front month currently at US$ 75.34 per barrel, down -0.4% (YTD: +45.4%); 6-month term structure in widening backwardation
• Brent volatility at 28.9, down -1.2% (12-month range: 26.1 - 43.4)
• Newcastle Coal (ICE Europe) currently at US$ 177.50 per tonne, up 0.9% (YTD: +120.5%)
• Natural Gas (Henry Hub) currently at US$ 5.11 per MMBtu, down -4.3% (YTD: +101.1%)
• Gasoline (NYMEX) currently at US$ 2.17 per gallon, down -0.5% (YTD: +54.2%); 6-month term structure in widening backwardation
• Low Sulphur Gasoil (ICE Europe) currently at US$ 631.50 per tonne, up 0.4% (YTD: +50.1%)

BASE METALS MIXED TODAY

• Copper (COMEX) currently at US$ 4.24 per pound, down -0.8% (YTD: +20.8%)
• Iron Ore (Dalian Commodity Exchange) currently at CNY 699.00 per tonne, down -7.4% (YTD: -35.2%)
• Aluminum (Shanghai) currently at CNY 22,620 per tonne, down -0.2% (YTD: +44.2%)
• Nickel (Shanghai) currently at CNY 144,690 per tonne, down -1.8% (YTD: +16.9%)
• Lead (Shanghai) unchanged at CNY 14,660 per tonne (YTD: -0.3%)
• Rebar (Shanghai) currently at CNY 5,709 per tonne, up 1.8% (YTD: +35.3%)
• Tin (Shanghai) currently at CNY 259,840 per tonne, up 0.4% (YTD: +72.7%)
• Zinc (Shanghai) currently at CNY 22,760 per tonne, up 0.7% (YTD: +9.1%)
• Refined Cobalt (Shanghai) spot price currently at CNY 375,000 per tonne, unchanged (YTD: +36.9%)
• Lithium (Shanghai) spot price currently at CNY 825,000 per tonne, up 1.2% (YTD: +70.1%)

PRECIOUS METALS MOSTLY DOWN TODAY

• Gold spot currently at US$ 1,754.16 per troy ounce, up 0.1% (YTD: -7.5%)
• Gold 1-Month ATM implied volatility currently at 12.30, down -0.4% (YTD: -20.5%)
• Silver spot currently at US$ 22.39 per troy ounce, down -2.2% (YTD: -15.1%)
• Silver 1-Month ATM implied volatility currently at 23.12, up 2.5% (YTD: -43.3%)
• Palladium spot currently at US$ 2,016.27 per troy ounce, down -0.7% (YTD: -17.5%)
• Platinum spot currently at US$ 939.28 per troy ounce, up 0.7% (YTD: -12.1%)
• Rhodium (Johnson Matthey, New York 09:30) currently at US$ 12,600 per troy ounce, up 7.2% (YTD: -26.1%)
• Iridium (Johnson Matthey, New York 09:30) currently at US$ 5,000 per troy ounce, unchanged (YTD: +92.3%)

AGS FALL TODAY

• Live Cattle (CME) currently at US$ 122.80 cents per pound, down 0.6% (YTD: +8.7%)
• Lean Hogs (CME) currently at US$ 85.73 cents per pound, up 0.3% (YTD: +22.0%)
• Rough Rice (CBOT) currently at US$ 13.78 cents per hundredweight, up 0.7% (YTD: +11.1%)
• Soybeans Composite (CBOT) currently at US$ 1,284.00 cents per bushel, down -0.9% (YTD: -2.4%)
• Corn (CBOT) currently at US$ 527.25 cents per bushel, down -0.4% (YTD: +8.9%)
• Wheat Composite (CBOT) currently at US$ 708.75 cents per bushel, down -0.6% (YTD: +10.7%)
• Sugar No.11 (ICE US) currently at US$ 19.14 cents per pound, down -1.6% (YTD: +23.8%)
• Cotton No.2 (ICE US) currently at US$ 93.26 cents per pound, down -0.1% (YTD: +19.5%)
• Cocoa (ICE US) currently at US$ 2,660 per tonne, up 0.3% (YTD: +2.4%)
• Coffee Arabica (Colombia Excelso) currently at EUR 4,507 per tonne, up 0.6% (YTD: +42.4%)
• Random Length Lumber (CME) currently at US$ 634.00 per 1,000 board feet, up 6.8% (YTD: -27.4%)
• TSR 20 Rubber (Shanghai) currently at CNY 11,325 per tonne, up 0.1% (YTD: +13.3%)
• Soybean Oil Composite (CBOT) currently at US$ 56.29 cents per pound, down -1.0% (YTD: +29.9%)
• Crude Palm Oil (Bursa Malaysia) currently at MYR 4,518 per tonne, down -3.9% (YTD: +16.1%)

SHIPPING TODAY

• Baltic Dry Index (Baltic Exchange) currently at 4,215, down -0.4% (YTD: +208.6%)
• Freightos China To North America West Coast Container Index currently at 19,478, unchanged (YTD: +363.8%)
• Freightos North America West Coast To China Container Index currently at 927, unchanged (YTD: +79.1%)
• Freightos North America East Coast To Europe Container Index currently at 554, unchanged (YTD: +52.6%)
• Freightos Europe To North America East Coast Container Index currently at 6,869, unchanged (YTD: +267.5%)
• Freightos China To North Europe Container Index currently at 14,431, unchanged (YTD: +154.9%)
• Freightos North Europe To China Container Index currently at 1,501, unchanged (YTD: +9.1%)
• Freightos Europe To South America West Coast Container Index currently at 5,622, unchanged (YTD: +232.3%)

CARBON EMISSION ALLOWANCES (CO2)

• EUA futures front month (European Energy Exchange) currently at EUR 59.48 per tonne, up 0.3% (YTD: +81.8%)