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The latest commodities coverage from the TrustFinance editorial desk.
European wheat futures jumped to their highest level since June 2025 on Wednesday, driven by escalating attacks on Ukrainian ports that have raised significant concerns over global grain supply chains.
The U.S. soybean crush for June topped market forecasts at 214.340 million bushels, a 15.7% year-over-year increase, as processing rates recovered from seasonal maintenance, according to the National Oilseed Processors Association (NOPA).
Gasoline refining margins in Northwest Europe climbed to $43.69 per barrel, the highest in four years, driven by a larger-than-expected drop in U.S. stockpiles and lower crude oil prices.
Goldman Sachs strategists are flagging significant upside risks to oil prices, warning that renewed attacks on tankers in the Strait of Hormuz could push Brent crude above $110 per barrel in the fourth quarter.
The benchmark European natural gas contract climbed to its highest level since March, driven by fears that an escalating U.S.-Iran conflict could disrupt global LNG supplies through the Strait of Hormuz.
An intensifying drought across the Colorado River basin is pitting agricultural producers against growing cities and industrial users, as federal officials consider historic cuts to water allocations for millions. The scarcity is forcing economic trade-offs and fueling interstate disputes over the dwindling resource.
A surprise drop in June's core consumer price index, the first monthly decline in over six years, has led markets to price out an imminent Federal Reserve interest rate hike and sent Treasury yields lower.
Yemen's Houthi movement has fired missiles at Saudi Arabia, shattering a four-year truce and elevating geopolitical risk for the critical Bab el-Mandeb maritime chokepoint.
Iran's Revolutionary Guard has threatened to shut down additional key shipping corridors, potentially including the Bab el-Mandeb strait, in response to a renewed U.S. naval blockade and military strikes, sending oil prices to one-month highs.
