Section
The latest commodities coverage from the TrustFinance editorial desk.
U.S. export sales for new-crop corn and soybeans showed significant strength in the week ending August 13, according to a weekly report from the USDA. The data indicates robust international demand ahead of an expected large U.S. harvest.
Raw and white sugar futures climbed to their highest levels in more than a year, driven by concerns over El Niño's impact on production and the potential for major producer India to begin importing the commodity.
Raw and white sugar futures on the ICE exchange reached their highest levels in more than a year, driven by projections of a smaller crop in Brazil and speculation that India may need to import the sweetener.
The bank lowered its price targets for late 2026 and early 2027, citing resilient U.S. production and weaker LNG exports that have pushed storage levels significantly above the five-year average.
Analysts at Citi project that ongoing geopolitical disruptions are causing a rapid drawdown in oil inventories, potentially pushing global stockpiles to levels not seen since the oil shocks of the 1970s and 1980s.
The investment bank has raised its gold price outlook, citing renewed ETF demand and strong central bank buying, after the precious metal reached its previous Q4 target ahead of schedule.
Russia has prolonged its 20% export tariff on soybeans, which was set to expire, until the end of August 2028. The government is also reportedly considering an extension for its export duty on linseed.
The U.S. Treasury unexpectedly announced it will double its bond buybacks over the next two months, a move that successfully calmed volatile government debt markets but sent the U.S. dollar lower.
European natural gas futures ticked higher as persistent shipping slowdowns in the Strait of Hormuz and below-average storage levels amplify risks to the continent's winter supply.
