Corn Futures Edge Higher After USDA Trims Harvest Forecast
Corn futures prices saw modest gains on Monday after the U.S. Department of Agriculture reduced its domestic harvest projection, citing crop stress from hot summer weather.
Latest by Elena Volkova
Used US Oilfield Equipment Finds New Life in Venezuela's Energy Revival
A steady flow of pre-owned American oil rigs, trucks, and pumps is being exported to Venezuela as it seeks to rebuild its energy sector following the easing of U.S. sanctions. The trend presents both a lucrative opportunity and significant risks related to equipment reliability.
AI Stocks Falter on Safety Concerns as Surging Oil Prices Fuel Fed Rate Hike Bets
Investor sentiment soured as calls to slow AI development hit technology stocks, while a surge in oil prices above $108 a barrel intensified expectations for a Federal Reserve interest rate hike this week.
Copper Prices Stall Below Key Technical Barrier Amid Conflicting Signals
Copper futures are consolidating below a critical long-term moving average, as strong bearish momentum clashes with technical indicators suggesting the market is deeply oversold. Traders are closely watching key price levels that could trigger the industrial metal's next significant move.
Silver Price Tests Key Technical Support Amid 'Double Top' Risk
Silver is trading at a pivotal technical level, testing its 200-period moving average, as a bearish 'double top' chart pattern suggests the potential for a significant price decline if support fails.
European Gas Prices Jump 5% on Supply Risks and Low Storage Warnings
European natural gas futures surged nearly 5% to multi-year highs, driven by escalating Middle East shipping disruptions and a stark warning from a major LNG buyer about depleted storage levels.
German Economic Momentum Slowed at Start of Q3, Ministry Reports
Germany's economy showed signs of slowing at the beginning of the third quarter, as a boom in energy-intensive industries faded and high energy prices weakened consumer spending, according to the economy ministry.
Gold Price Tests Critical $4,355 Technical Support Amid Bearish Signals
Gold is clinging to a pivotal support level at approximately $4,355, a confluence of key technical indicators that could trigger a significant price move if breached.
Brent Crude Consolidates Near $108 as Bullish Momentum Pauses
Brent crude oil prices are holding in a narrow range near $107.64, with technical indicators suggesting the recent strong rally may be losing steam. A breakout from this consolidation phase could signal the next major price direction for the commodity.