Section
The latest commodities coverage from the TrustFinance editorial desk.
Wheat prices on the Chicago Board of Trade surged to their highest level in over three years following reports of fresh Russian attacks on Ukrainian port infrastructure, heightening concerns over global supply.
Chicago wheat futures climbed to their highest point since February 2023 after Russia reportedly rejected a Black Sea ceasefire and launched attacks on key Ukrainian port infrastructure, intensifying global supply concerns.
Elevated spot differentials for West African crude are deterring buyers and slowing market activity, with traders indicating prices need a significant drop to attract interest.
India's government is now accepting applications for the final 202,550 tonnes of its 1 million-tonne duty-free raw sugar import allowance, a move to secure supply ahead of the high-demand festival season.
European diesel profit margins surged to an all-time high on Monday, driven by persistent supply concerns following a drone attack that partially halted operations at a major Russian refinery.
Crude oil benchmarks jumped more than 4% on Tuesday after the U.S. launched new air strikes against Iranian targets, fueling market fears of significant supply disruptions from the Middle East.
The profit margin for producing diesel in Europe surged to a new record on Monday, with the premium over Brent crude climbing over 7% following reports of a production halt at a major Russian refinery.
Venezuela’s legislature has backed an unprecedented deal granting a private U.S. firm a 100-year lease on a fifth of the country's oil reserves, paving the way for a U.S. official's visit and an expansion by Chevron.
India's Directorate General of Foreign Trade is now accepting applications from sugar millers and refiners for the remaining 202,550 metric tons of a 1 million-ton duty-free import quota approved last month.
