The U.S. dollar index fell to its lowest level in three months on Wednesday as traders added to bets that the Federal Reserve will lower borrowing costs at each of its remaining meetings this year. The greenback’s slide has provided a tailwind for dollar-denominated commodities, with oil, copper and grains…
Henry Hub natural gas futures fell more than 4% this week after updated weather models pointed to milder temperatures across much of the U.S. Midwest and Northeast, easing near-term demand for power-plant cooling. The pullback came despite storage levels that remain slightly below the five-year seasonal average, underscoring how sensitive…
Cocoa futures climbed to fresh multi-month highs this week as persistent dry weather in Ivory Coast and Ghana raised fresh doubts about the size of the upcoming mid-crop harvest. Exporters in the two West African nations, which together account for roughly six in ten cocoa beans traded globally, reported shipments…
European Union officials are debating whether to broaden the bloc’s carbon border adjustment mechanism to cover a wider range of downstream steel and aluminum products, according to policy proposals circulated ahead of autumn trade talks. The current mechanism applies mainly to raw and semi-finished metal, and manufacturers have argued that…
China tightened export licensing for several rare earth elements this week, adding fresh strain to supply chains already stretched by years of underinvestment in processing capacity outside the country. The curbs target magnet-grade materials used in electric vehicle motors and wind turbines, prompting automakers and battery producers to accelerate efforts…
The euro rose to a two-month high against the dollar after the European Central Bank signaled it is likely to pause its easing cycle following eight consecutive rate cuts. Policymakers described current rates as appropriately positioned, pointing to a modest pickup in eurozone inflation and steadier growth data across member…
Average waiting times at the Panama Canal have fallen to their lowest level in over a year after the canal authority lifted draft restrictions following a wetter-than-usual rainy season. Daily transit slots have been increased to 36, close to pre-drought levels, easing a bottleneck that had pushed some shippers toward…
Brent crude held near $78 a barrel after OPEC+ ministers agreed to keep production quotas unchanged through September, opting to monitor demand before adjusting supply further. The decision, confirmed after a brief virtual meeting, removes near-term uncertainty that had weighed on the market in recent weeks amid speculation of an…
Chicago wheat futures fell to a seven-month low after Russia’s agriculture ministry raised its harvest forecast, citing favorable rains across the southern growing regions. The ministry now expects the 2026 crop to reach 86 million tonnes, up from an earlier estimate of 82 million, reinforcing Russia’s position as the world’s…