Saturday, July 4, 2026 Week in Review

Week in Review · research, podcasts and the week’s biggest moves

Friday, July 3, 2026

US equities closed Friday July 3 for the Independence Day holiday. However, CME futures are trading until the afternoon of Friday July 3. So commodity markets are currently open. O…

Thursday, July 2, 2026

Platinum up $25 (+1.5%) on weaker dollar overnight. Crude down $1.08 (-1.5%) on rising shipments through the Strait of Hormuz and progress in US-Iran talks. Distillate cracks (di…

Wednesday, July 1, 2026

Silver down $1.63 (-2.7%) on strong US economic data reinforcing Fed rate hike expectations. Sugar up $0.39 (+2.6%) on below-average Indian monsoon rains cutting supply prospects…

Tuesday, June 30, 2026

Nickel (SHFE $/mt) down $326 (-1.9%) on SHFE metals weakness with nickel and aluminium leading declines. JKM up $0.30 (+1.9%). Aluminium (SHFE $/mt) down $54 (-1.8%) on SHFE me…

Monday, June 29, 2026

Cocoa down $155 (-3.0%) on signs of larger global supplies sparking long liquidation. Platinum down $35 (-2.1%) on higher US interest rate expectations weighing on precious metal…

Saturday, June 27, 2026 Week in Review

Week in Review · research, podcasts and the week’s biggest moves

Friday, June 26, 2026

Cotton down $3.18 (-4.0%) on a firmer dollar and cheaper synthetics as weak oil drags polyester costs lower. Crude down $2.63 (-3.6%) on easing supply concerns as tankers resume tr…

Thursday, June 25, 2026

Cotton down $3.08 (-3.9%) on US cotton futures posting midweek losses amid broader commodity weakness. Cocoa up $138 (+2.7%) on heavy rains in Ivory Coast flooding roads and thre…

Wednesday, June 24, 2026

Cocoa up $329 (+7.1%) on short-covering amid heavy rains in Ivory Coast flooding roads and raising brown rot disease risks. Palladium down $65 (-5.3%) on easing geopolitical risk…

Tuesday, June 23, 2026

Silver down $3.16 (-4.8%) on stronger US dollar and Fed rate-hike bets outweighing Iran ceasefire progress. JKM up $0.55 (+3.6%) on supply concerns from Australian strikes and Mid…

Monday, June 22, 2026

Dutch TTF up $1.90 (+4.7%) on signs of progress in US-Iran talks fading and renewed concerns over Europe’s low storage and winter refill needs. Cocoa up $160 (+3.7%) on El Niño ri…

Saturday, June 20, 2026 Week in Review

Week in Review · research, podcasts and the week’s biggest moves

Friday, June 19, 2026

JKM down $0.51 (-3.2%) on easing Middle East supply risks after US-Iran interim ceasefire and Strait of Hormuz reopening. Dutch TTF up $1.13 (+2.8%) on technical rebound after pri…

Thursday, June 18, 2026

Palladium down $63 (-4.6%) on easing Middle East tensions unwinding risk premium. Platinum down $73 (-4.1%) on easing Middle East tensions unwinding risk premium. Silver down $…

Wednesday, June 17, 2026

JKM down $2.84 (-15.1%) on increased LNG supply normalizing flows to Asia. Dutch TTF down $0.97 (-2.3%) on mild weather and ample LNG arrivals easing European balances. Cotton…

Tuesday, June 16, 2026

Crude down $1.79 (-2.2%) on US-Iran peace deal reopening Strait of Hormuz. Cocoa up $88 (+2.2%) on short-covering amid El Nino supply risks. Platinum up $30 (+1.7%) on safe-hav…

Monday, June 15, 2026

Dutch TTF down $2.73 (-5.8%) on US-Iran peace deal to reopen Strait of Hormuz. Cocoa up $210 (+5.3%) on robust Ivory Coast mid-crop arrivals and rising inventories. Crude down $4…

Saturday, June 13, 2026 Week in Review

Week in Review · research, podcasts and the week’s biggest moves

Friday, June 12, 2026

Palladium up $69 (+5.5%) on tariff fears and physically-backed futures launch boosting buying. Dutch TTF down $2.69 (-5.4%) on surging inventories and milder weather forecasts ea…

Thursday, June 11, 2026

Nat Gas down $0.059 (-1.9%) on cooler US temperature forecasts curbing near-term cooling demand. Cotton down $1.27 (-1.6%) on improved US Cotton Belt rainfall boosting crop prosp…

Wednesday, June 10, 2026

Cotton down $1.97 (-2.5%) on improved weather boosting crop prospects and firm dollar. Platinum down $41 (-2.4%) on broad precious metals weakness amid renewed Middle East tensions…

Tuesday, June 9, 2026

Silver down $3.06 (-4.5%) on de-escalation of Iran-Israel hostilities easing safe-haven demand. Crude down $3.24 (-3.3%) on Iran and Israel agreeing to halt attacks boosting hope…

Monday, June 8, 2026

Oil prices jumped more than $4 a barrel on Israeli strikes hitting Iran and Lebanon, yet OPEC+ still approved another output increase after the Hormuz closure, showing supply disci…

Sunday, June 7, 2026 Week in Review

Week in Review · research, podcasts and the week’s biggest moves

Saturday, June 6, 2026

US crude exports are stripping inventories to the bone while global stocks sit depleted, setting up the next oil spike just as natural gas futures wobble after their recent run and…