Corn Futures Climb to 13-Month High on US Crop Concerns
Chicago corn futures surged to their highest level since July 2023, driven by a larger-than-expected decline in U.S. crop condition ratings and ongoing disruptions to Black Sea grain exports.
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Commodities
The latest commodities coverage from the TrustFinance editorial desk.
Latest in Commodities
US Crude Stockpiles Edge Higher as Fuel Inventories Post Steep Declines
U.S. crude oil inventories posted a smaller-than-expected increase last week, while gasoline and distillate stocks fell sharply, suggesting resilient fuel demand, according to new data from the Energy Information Administration.
Baltic Dry Index Rises for Fifth Day to Over Two-Week High on Capesize Strength
The main sea freight index for dry bulk commodities climbed for a fifth straight session, reaching its highest point since August 10, propelled by significant gains in rates for larger Capesize vessels.
White House Urges EPA to Expand Refinery Biofuel Waivers to Lower Gas Prices
The White House is reportedly pressuring the EPA to grant more exemptions to small oil refineries from biofuel blending mandates, a move aimed at lowering pump prices that has drawn sharp criticism from agricultural groups.
U.S. Crude Stockpiles Rise Modestly as Fuel Inventories Fall Sharply
U.S. crude inventories rose by 95,000 barrels, less than forecast, while gasoline and distillate stockpiles saw larger-than-expected drawdowns, according to the latest EIA data.
Nepal-Tibet Flash Flood Kills Nine, Disrupts 12% of Nepal's Hydropower Capacity
A catastrophic flash flood on the border of Nepal and China's Tibet region has killed at least nine people and left hundreds of tourists missing, while also knocking out significant hydropower infrastructure and crippling a key trade route.
Baltic Dry Index Rises for Fifth Straight Day on Capesize Strength
The main sea freight index for dry bulk commodities posted its fifth consecutive gain, reaching a multi-week high on the back of surging rates for larger capesize vessels amid weather disruptions in Asia.
CBOT Wheat Futures Climb to One-Month High on Black Sea Port Disruptions
Wheat futures surged to their highest level in a month amid escalating concerns over grain export disruptions from Russia and Ukraine. A key Russian port terminal faces extended repairs, while drought conditions threaten Ukraine's upcoming winter crop.
Corn Futures Hit 13-Month High on U.S. Yield Concerns and Black Sea Disruptions
Corn futures on the Chicago Board of Trade reached their highest level since July 2023, driven by lowered U.S. yield expectations following a worse-than-expected crop report and ongoing export disruptions in the Black Sea region.