Section
The latest commodities coverage from the TrustFinance editorial desk.
Colombia's coffee exports are largely at a standstill after an earthquake created roadblocks cutting off access to the country's main Pacific port of Buenaventura, according to the national coffee exporters' association.
The U.S. Energy Information Administration forecasts that a significant portion of Middle East oil production will remain offline through the end of 2027, even if regional trade normalizes, leading to a wider global supply deficit.
Soybean prices declined as traders adjusted positions ahead of a key USDA supply report and as favorable Midwest weather eased crop concerns. The move came despite analyst expectations for the USDA to lower its ending stock forecasts.
Gasoline refining profits in Northwest Europe jumped by over $6 to $40.75 a barrel, driven by a sharp decline in regional exports and supply threats from conflicts in Libya and Ukraine.
Chile's state copper commission, Cochilco, has lowered its 2026 copper production forecast to 5.27 million metric tons, citing weak performance at key mines, but anticipates a strong rebound in 2027.
Energy major Total purchased two cargoes of WTI Midland crude from Shell and Equinor on Tuesday, with the trades indicating a softening of physical price differentials for U.S. crude delivered to Europe.
European Union soft wheat exports in the new 2026/27 season have fallen by more than half compared to the previous year, according to preliminary data from the European Commission. Shipments totaled 1.01 million metric tons as of August 9, a significant drop from the same period last season.
A suspected Houthi attack on a cargo vessel in the Bab el-Mandeb strait has killed three crew members, sources say, marking the first reported fatalities from such strikes. A separate incident saw a container ship struck by a missile off Pakistan amid a U.S. blockade of Iran-linked shipping.
A U.S. embargo exception is allowing fuel sales to private Cuban businesses for the first time in decades, fostering a high-priced black market and deepening economic divides as the state-run energy sector falters.
