The U.S. Dollar Index held near a 19-month high on Friday at 103.37 and was on track for its strongest weekly gain in two months, as traders priced further Federal Reserve tightening and the yen hovered around 160 per dollar.
The Baltic Dry Index ended a seven-session gaining streak on Friday, falling 1.3% to 2,980 as Capesize rates eased, but still posted a fourth consecutive weekly advance of 4.4%.
Cocoa futures bounced off four-month lows this week after Ivory Coast’s weather agency warned that an exceptionally strong El Niño could cut the top grower’s 2026/27 crop by 21% to 25%. London cocoa rose 2.9% to £3,875 a ton on Wednesday.
The International Energy Agency said on Friday that the global oil market is returning to surplus in the fourth quarter of 2026, the first time supplies have exceeded demand since the war in Iran began. North Sea Dated crude has dropped about 32%, from $136 a barrel in early October…