UK natural gas futures are poised for a third consecutive monthly gain, diverging from flatter continental European prices, as traders weigh geopolitical risks and lower storage levels ahead of winter.
US Soybean futures are testing a critical resistance zone between $1302 and $1315, with a completed head and shoulders pattern and other technical indicators signaling a potential move lower.
Iran has received US feedback via Qatari mediators on a seven-day trust-building proposal, with an official briefed on the talks telling Reuters that the timing of de-escalation steps is the main point of contention.
The Trump administration is reportedly considering a ban on U.S. diesel exports to combat surging domestic fuel prices, a potential move that could have significant implications for global energy markets.
China's soybean purchases are expected to decline due to weak domestic feed demand and negative processing margins, a situation worsened for US suppliers who were excluded from recent tariff reductions.
Effective October 1, China will add a 55% tariff to Brazilian beef shipments exceeding the annual quota, bringing the total levy to 67% in a move to protect its domestic producers.
Iran's Islamic Revolutionary Guard Corps has urged Americans to vote against President Trump's allies, a move timed with the final U.S. military withdrawal from Iraq and ongoing diplomatic tensions impacting global energy markets.
Crude oil prices recovered modestly after a sharp sell-off, as the resumption of Saudi Arabian exports through a key pipeline bypassing the Strait of Hormuz partially offset concerns about ongoing shipping disruptions.
Gold prices held steady after a 1.6% rally, as a pullback in crude oil eased inflation fears, but gains were capped by U.S. Treasury yields climbing to their highest levels since 2002.
