Chicago Board of Trade wheat futures surged 6.2% to $6.84 per bushel on Thursday, June 4, their sharpest single-session gain in three months, as shipping brokers reported a sharp fall in vessel bookings through Black Sea export corridors. Traders cited renewed concerns about Ukraine’s ability to sustain grain shipment volumes…
Brent crude slipped to around $93 per barrel on Friday, May 29, as markets reacted positively to reports that the United States and Iran have agreed to extend their ceasefire by 60 days. The tentative deal, which includes provisions for unrestricted shipping through the Strait of Hormuz, has taken significant…
OPEC+ extends production cuts through year-end, stabilizing crude oil prices with Brent near $84 per barrel.
Copper futures hit 18-month highs as EV manufacturing and renewable energy infrastructure drive unprecedented demand growth.