Section
The latest commodities coverage from the TrustFinance editorial desk.
The Trump administration will likely reject requests from U.S. solar manufacturers for an accelerated timeline on new tariffs and a price floor for polysilicon imports, according to a person familiar with the matter.
The Mexican Hass Avocado Association stated that a U.S. suspension of avocado inspections in Michoacan state is not expected to significantly impact near-term supply, citing existing inventories.
Imports are set to reach approximately 600,000 barrels per day in August, the highest since recent regional conflicts began, driven by shifting Saudi trade routes and a brief opening of the Strait of Hormuz, according to ship-tracking data.
Mexico has sent more than 1,500 military and National Guard personnel to the state of Michoacan after the U.S. suspended avocado inspections due to security threats, a move aimed at protecting a vital trade relationship.
European wheat futures fell on Thursday, erasing the previous session's gains, as traders weighed abundant global supplies against ongoing geopolitical risks in the Black Sea region.
Prime Minister Mark Carney said his government is protecting Canadian jobs and businesses in response to U.S. President Donald Trump's criticism amid tense trade negotiations.
India's fuel consumption increased to 19.92 million metric tons in July, a 2.9% year-over-year rise, according to government data. The growth was primarily driven by a double-digit increase in diesel demand, a key indicator of economic activity.
Iran has reportedly delivered a stark warning to its Gulf neighbors, threatening to attack their critical energy and water infrastructure unless they persuade the U.S. to halt military action and pursue a diplomatic resolution.
Gold prices posted their best single-day gain in six months, driven by a drop in oil prices amid hopes for an Iran deal and signs of a cooling U.S. labor market, which have tempered expectations for Federal Reserve rate hikes.
