Kalshi Seeks Approval for Non-Expiring U.S. Oil Contracts
Kalshi has applied to launch a West Texas Intermediate perpetual oil contract, aiming to introduce the first non-expiring energy future on a U.S. exchange.
Commodities
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Crude Oil Prices Approach $90 on Middle East Supply Concerns
Crude oil prices neared $90 on rising Middle East tensions and a large US inventory drop, even as regional energy flows show signs of recovery.
US Crude Oil Inventories Drop by Over 3 Million Barrels Defying Expectations of a Rise
US crude oil stockpiles fell by 3.186 million barrels, defying expectations of an increase, as refinery runs hit a ten-week high.
Gold Falls 20 Percent From Conflict Peak as Shifting Fed Expectations Spark Rebound Hopes
Gold has dropped over 20% since February, but falling Treasury yields and lower interest rate hike expectations could trigger a rebound for gold ETFs.
Silver Prices Fall to Two-Month Low as Investors Await Fed Minutes
Silver prices dropped over 3% to around $59 an ounce as a stronger dollar and upcoming Federal Reserve minutes pressured the precious metal.
Gold Prices Decline as Investors Await Federal Reserve Meeting Minutes
Gold prices slipped as a stronger US dollar and anticipation of Federal Reserve meeting minutes pressured the precious metal.
Arabica Coffee Futures Hold Near One-Month High as Weather Risks Offset Strong Brazil Supply
Arabica coffee futures remained near $2.95 per pound as El Nino weather concerns offset a record Brazilian harvest and rising exports.
Global Weather Worries Push Sugar Prices to 20-Month Highs
US sugar futures climbed above 20 cents per pound as severe weather in Brazil, India, Europe, and Thailand threatens global supply.
Cotton Futures Fall on Wednesday as Market Corrects Lower
Cotton No. 2 Futures fell on Wednesday, reversing Tuesday's gains even as August exports hit a three-year high and harvest progress stays ahead of normal.
Soybean Prices Slip Midweek After Tuesday Rally Amid Harvesting Delays
Soybean prices pull back on Wednesday morning after a strong Tuesday rally, as investors weigh lagging harvest progress and lower August export volumes.
Cattle Futures Rally on Tuesday as Feeder Cattle Near Limit Gains
Live cattle and feeder cattle futures posted strong gains on Tuesday, supported by rising beef exports and improved pasture conditions.
Wheat Prices Pull Back on Wednesday Following a Strong Tuesday Rally
Wheat futures fell on Wednesday morning, erasing some of Tuesday's double-digit gains driven by Black Sea tensions and slow U.S. planting.
Corn Futures Slide on Wednesday Following Tuesday Rally
Corn futures are trading lower on Wednesday morning after a strong Tuesday gain, amid lagging harvest progress and record August export data.
Lean Hog Futures Close Mixed as Pork Exports and Cash Prices Decline
Lean hog futures trade mixed as August pork exports fall 4.6% and cash prices decline. Discover the key factors driving the market.
Corn Futures Slide Toward $5 as Harvest Delays Clash With Upcoming USDA Report
Corn futures declined on a stronger US dollar and trader caution ahead of the upcoming monthly crop report from the USDA.
Sugar Prices Surge 38% Year-to-Date on Global Shortage Fears
Sugar prices have jumped 38% this year due to bad weather in Brazil, India, and Europe, raising input costs for major chocolate and food manufacturers.
Cocoa Prices Ease From Three-Week Highs Amid Mixed Supply Outlook
Cocoa futures slipped to 5,527 USD as near-term supplies balance out long-term crop concerns in Ivory Coast.
Gold Prices Test Key Support Near $4,100 Amid Rising Treasury Yields
Spot gold prices stabilized near $4,124 as investors balanced technical rebound setups against pressure from high US Treasury yields.
CommoditiesBearish
Silver Prices Decline on Rising Inventories and Falling Solar Demand as Allocators Pivot to Tungsten
Silver prices have dropped to around $60 an ounce due to growing inventories and weaker industrial demand, pushing some fund managers to look elsewhere.
Amundi Physical Metals Issues 120,000 Gold ETC Securities in Latest Tranche
Amundi Physical Metals plc has issued 120,000 new gold-backed securities under its Amundi Physical Gold ETC program.
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