Commodies

Daily Commodity News Feeds

Solar Energy Index –

Solar Energy Index decreased 21.28 USD or 5.45% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Solar Energy Index reached an all time high of 561.46 in February of 2021. The Solar Energy Index CFD tracks the performance of publicly traded companies in the solar energy sector as well as those businesses that do not produce energy but make most of their revenues by providing goods and services to the solar energy industry. This page includes a chart with historical data for Solar Energy Index.

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Wind Energy Index –

Wind Energy Index decreased 65.84 USD or 19.31% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wind Energy Index reached an all time high of 426.59 in January of 2021. The Wind Energy Index CFD tracks the performance of publicly traded companies in the wind energy sector as well as those businesses that do not produce energy but make most of their revenues by providing goods and services to the wind energy industry. This page includes a chart with historical data for Wind Energy Index.

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Iron Ore 62% FE – OTC

Iron Ore 62% fe decreased 17.29 USD/MT or 15.37% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore 62% FE reached an all time high of 219.77 in July of 2021. Iron ore prices refer to Iron Ore Fine China Import 62 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel for infrastructure and other construction projects. The biggest producers of iron ore are China, Australia and Brazil. Others include India, Russia, Ukraine

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Crude oil – OTC

WTI crude futures rose to above $86 per barrel on Tuesday after jumping more than 5% in the previous session, with prices remaining supported ahead of an OPEC+ meeting where it is expected to announce a large supply cut to counter recent weakness in energy markets. The group of major producers is set to meet in Vienna on Wednesday and is likely to reduce output by more than 1 million barrels per day, with the possibility of additional voluntary cuts by individual members, Reuters reported. Meanwhile, the US oil benchmark declined for the fourth straight month in September as aggressive

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Feeder Cattle – OTC

Feeder Cattle increased 8.42 USd/Lbs or 5.05% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Feeder Cattle reached an all time high of 245.20 in October of 2014. Feeder Cattle prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Feeder Cattle market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any Feeder Cattle data and disclaims any obligation to do

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Lean Hogs – OTC

Lean Hogs increased 6.70 USd/Lbs or 8.22% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Lean Hogs reached an all time high of 133.80 in July of 2014. The Lean Hogs market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Lean Hogs market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do

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Live Cattle – OTC

Live Cattle increased 4.82 USd/Lbs or 3.45% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Live Cattle reached an all time high of 171.98 in October of 2014. The Live Cattle market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Live Cattle market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do

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Orange Juice – OTC

Orange Juice increased 51.85 USd/Lbs or 35.44% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Orange Juice reached an all time high of 235 in November of 2016. The biggest producers of orange juice are: Brazil, US, European Union, China and Mexico. 85 percent of the world market is divided between Florida and São Paulo. While Brazil exports 99 percent of its production, 90 percent of Florida’s production is consumed in the US. Orange juice is traded in the form of frozen concentrated orange juice

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Oat – OTC

Oat decreased 281.26 USd/BU or 41.18% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Oat reached an all time high of 811 in April of 2022. Oat is a species of cereal grain used mainly as a livestock feed and for human consumption. The biggest producers of oat are: European Union, Russia, Canada, Australia and United States. Oat Futures are available for trading in the Chicago Mercantile Exchange. The standard contract has 5,000 bushels, the equivalent 86 metric tons. Trading Economics

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Nuclear Energy Index –

Nuclear Energy Index decreased 14.81 USD or 1.04% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Nuclear Energy Index reached an all time high of 1543.28 in April of 2022. The Nuclear Energy Index CFD tracks the performance of publicly traded companies in the nuclear energy sector as well as those businesses that do not produce energy but make most of their revenues by providing goods and services to the nuclear energy industry. This page includes a chart with historical data for Nuclear Energy Index.

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Rapeseed Oil –

Rapeseed Oil decreased 112 EUR/T or 14.85% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Rapeseed Oil reached an all time high of 1094 in April of 2022. Rapeseed Oil futures are widely traded on the Euronext Exchange, and the standard contract size is 50 tonnes. There are two main types of rapeseed oil: culinary and industrial. The culinary one, also known as canola oil, is used in the kitchen for cooking, while industrial rapeseed oil is used mainly in the chemical and automotive industries.

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Brent crude oil – OTC

Brent crude futures rose above $91 per barrel on Tuesday after jumping more than 4% in the previous session, with prices remaining supported ahead of an OPEC+ meeting where it is expected to announce a large supply cut to counter recent weakness in energy markets. The group of major producers is set to meet in Vienna on Wednesday and is likely to reduce output by more than 1 million barrels per day, with the possibility of additional voluntary cuts by individual members, Reuters reported. Meanwhile, the international oil benchmark declined for the fourth straight month in September as aggressive interest

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Canola – OTC

Canola decreased 193.90 CAD/MT or 17.99% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Canola reached an all time high of 1226 in May of 2022. Canola refers to edible oil which recently is also used to produce biodiesel. The biggest producers of canola seeds are: European Union, Canada, China, India and Australia. Canola futures are mostly traded on ICE Futures Canada. Trading Economics

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Corn – OTC

Corn increased 89.64 USd/BU or 15.11% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Corn reached an all time high of 843.75 in August of 2012. Corn Futures are available for Trading in The Chicago Board of Trade (CBOT® ) which was established in 1848 and is a leading futures and futures-options exchange. More than 3,600 CBOT member/stockholders trade 50 different futures and options products at the CBOT by open auction and electronically. The biggest corn exporters are the United States, Argentina, Brazil, Ukraine, and

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HRC Steel –

HRC Steel decreased 661 USD/T or 46.06% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, HRC Steel reached an all time high of 1945 in September of 2021. US Midwest Domestic Hot-Rolled Coil Steel Futures are widely traded on the New York Mercantile Exchange (NYMEX). Futures contracts for hot-rolled coil steel are financial instruments that allow producers, large consumers, and speculators to offset or assume the risk of a price change of holding a quantity of hot-rolled coil steel over time. Hot rolling, the process

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Sugar – OTC

Sugar futures on ICE traded at the 17.8 cents per pound level in early October, rebounding from the two-month low of 17.4 cents hit earlier in the month and tracking the rally for crude oil prices, as more expensive fuel leads producers to divert sugar cane to blend biofuels instead of sweetener. Still, a sharper rebound was capped by Brazilian President Bolsonaro performing much better in presidential elections than polls expected. Should the right-wing incumbent President upset left-wing rival Lula in the upcoming run-off, investors expect that fuel taxes in top sugar producer and exporter Brazil could remain lower. Traders

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Gold – OTC

Gold broke above $1,700 an ounce, the highest in three weeks, as Treasury yields fell sharply and the dollar was knocked back by weaker-than-expected US manufacturing data which raised hopes that the US central bank may slow the pace of its rate increases. Now investors look ahead to the US nonfarm payroll report, which can further reduce bets on rate hikes if it continues to show a cooling job market. The latest data showed job openings in the US dropped more than expected to the lowest since June of 2021. The yellow metal reached its lowest level since April 2020

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Gasoline – OTC

Gasoline futures were trading above the $2.50 per gallon mark, a level not seen in more than a month, moving in tandem with higher crude prices amid robust domestic demand and tight supplies. The latest EIA data showed that US gasoline stocks fell by 2.422 million barrels to 212.2 million barrels in the week to September 23rd, the most in six weeks. Still, President Joe Biden, speaking at the White House Conference on Hunger, Nutrition, and Health, warned oil companies not to keep pushing prices higher while threatening new restrictions on the industry. Historically, Gasoline reached an all time high

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Wheat – OTC

Chicago wheat futures were at the $9.2 mark in October, hovering around the highest since the end of June and returning to levels post Ukraine War amid concerns of lower supply. Further escalation of the war in Ukraine after Russia annexed Ukrainian territory and threatened to use nuclear force raised concerns that Moscow could suspend the safe trade corridor from Ukrainian Black Sea ports that was agreed to in a UN-brokered deal, erasing the recently restarted supply from one of the world’s top wheat producers and exporters. Elsewhere, dry and hot weather in the US caused its 2022 wheat harvest

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Copper – OTC

Copper futures were at the $3.50 per pound level in early October, recovering further from a two-month low of around $3.28 hit late last month, lifted by a softer dollar as weak US manufacturing data prompted bets that major central banks may slow the pace of interest rate hikes. Robust physical demand for the metal from top consumer China on the back of government stimulus is also expected to support prices. The spot premium for refined copper in China hit 825 yuan this month, the highest since November 2021, Reuters reported. However, trading volume in Asia remains low amid a

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Cocoa – OTC

Cocoa decreased 145 USD/MT or 5.75% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Cocoa reached an all time high of 5379 in July of 1977. Cocoa is traded on New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) in London. The prices in New York are based on the South-Asian market and prices in London are based on cocoa from Africa. The size of each cocoa contract on the NYMEX is 10 metric tons.The biggest producers of cocoa are Ivory Coast and Ghana

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Natural gas – OTC

US natural gas futures remained at $6.5/MMBtu, close to a 12-week low, pressured by a combination of record levels of domestic output and fading weather-driven demand as the temperature turned colder. Natural gas production in the US likely rose by roughly 4% from a year earlier in the first eight months of 2022, reaching a record level of 101 Bcf/d in late September. On top of that, US natural gas exports have already been reduced for months by the ongoing outage at the Freeport LNG export plant in Texas, leaving more gas for US utilities to inject into stockpiles for

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Lithium – OTC

Lithium carbonate prices in China rose to a record-high 510,500 yuan/tonne in September, soaring over 80% year-to-date as surging demand coincides with lower supply. Added stimulus and cash incentives by local Chinese governments spurred growth in demand of electric vehicles in the world’s second largest economy, notching a 100% year-on-year increase in August. In the US, demand for electric vehicles is set to increase as the newly passed “Inflation Reduction Act” extends tax breaks for new electric vehicle purchases. On the supply side, the energy crisis in China brought by record-setting heat waves led multiple lithium producers in Sichuan to

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Tin – OTC

Tin decreased 18,801 USD/MT or 48.38% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Tin reached an all time high of 200800 in September of 2022. Tin is a silvery, malleable metal mainly used in the production of solder and to coat other metals to prevent corrosion. It is widely used in metal in the environmental and sustainability landscape, particularly in photovoltaic installations, electric vehicles, and electronics. The biggest producers of tin are China, Malaysia, Indonesia, Peru, Thailand, Bolivia and Myanmar. Tin Futures are available

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EU Natural Gas – OTC

Front-month Dutch gas futures declined toward €165 MWh, the lowest in over ten weeks, and more than 50% below record levels of above €300 hit in March and August as concerns about shortages eased on milder weather and full stockpiles. Gas storage sites in Germany were 92.1% full as of October 2nd, above the EU average of 88.3% and slightly above the 5-year average. Meanwhile, in the next few weeks, the temperature across Europe and UK is forecasted to remain above normal. Still, prices remain elevated and the outlook remains bullish, as storage levels account only for around 22.5% of

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Palm Oil – OTC

Malaysian palm oil futures were trading above the MYR 3,600 per tonne mark, recovering from an over 1-1/2-low of MYR 2,220 reached in September, amid prospects of more robust demand from top buyer China due to easing coronavirus-induced restrictions. Exports of Malaysian palm oil products for September rose by roughly 10% compared to August, cargo surveyor Intertek Testing Services said, while independent inspection company AmSpec Agri Malaysia reported a similar rise for that period. Still, concerns about oversupply and mounting fears about a global recession-driven demand downturn should limit any significant upside momentum. Dorab Mistry, director of Indian consumer goods

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Silver – OTC

Spot silver rose further to $21 per ounce, the highest in three months and following a 9.2% jump in the previous session, propelled by safe-haven bids as bond yields fell and the dollar weakened. The rally comes after fresh data showed manufacturing activity in the US expanded the least in over two years, pointing to a slowdown in the world’s largest economy and then reducing the need for the current aggressive monetary policy tightening. Silver has been hovering around 2-year lows, swinging around the $19 level, dragged by rising interest rates worldwide and weakening demand. The US Federal Reserve, the

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UK Natural Gas –

UK natural gas futures were trading around 300 pence a therm in October, down from a record closing high of around 640 pence a therm in August amid weaker demand, the UK’s comfortable storage supplies, and efforts from governments to curb soaring prices. Europe’s natural gas demand declined by over 10% from a year earlier in the first eight months of 2022, driven by a 15% drop in the industrial sector. At the same time, Europe has been offsetting the sharp reductions in Russian gas supplies through LNG imports and alternative pipeline supplies from Norway. According to Gas Infrastructure Europe,

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Rubber – OTC

Rubber decreased 43 US Cents/kg or 24.12% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Rubber reached an all time high of 526.40 in February of 2011. Natural rubber is high resilience, extremely waterproof, and stretchable material. Is used extensively in many applications and products, either alone or in combination with other materials. The biggest producers of rubber are China, Indonesia, Malaysia and Thailand. Others include Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand, Vietnam, Cambodia, and India. Rubber Futures are available for trading on

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Palladium – OTC

Palladium increased to a 7-week high of 2278 USD/t.oz, amid softening US dollar and a sharp drop in Treasury yield. Still, palladium prices are 30% below their March peak, amid rising interest rates and slowing growth. Central banks around the world are expected to continue hiking interest rates and maintain them elevated to control skyrocketing inflation even in a slowdown. Additionally, demand for palladium, which is used in auto catalysts for gasoline-powered vehicles, has not yet recovered to pre-pandemic levels and the surge in prices and supply chain disruptions are set to continue to weigh. However, the palladium market remains

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Urals Oil –

Urals Oil decreased 5.19 USD/Bbl or 6.76% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Urals Oil reached an all time high of 117.65 in February of 2013. Urals oil is the reference oil brand used as the price benchmark for Russian oil exports. It is a blend of the heavy and sour oil from the Urals and Volga regions with the lighter oil from Western Siberia. It is transported to Europe through the Druzhba pipeline and to Baku through the Novorossiysk pipeline, while main

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Uranium – OTC

Uranium futures fell to the $49 per pound mark, close to the one-month low of $48.75 hit mid-September, tracking the retreat for other energy commodities amid recession concerns and a surging US dollar. Fed funds futures point to bets that the US benchmark rate could top at 4.75% in March and investors bet that the ECB deposit rate could reach 3% by May, placing strong downward pressure on the outlook of energy demand. Still, further declines were capped by a renewed momentum of nuclear energy demand as countries ramp up alternative energy sources. Among the world’s largest economies, Japan ordered

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Beef – OTC

Beef decreased 2.35 BRL/Kg or 10.73% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Beef reached an all time high of 22.19 in March of 2022. Beef is a meat mostly from cattle. The biggest beef producers are: United States, Brazil, European Union, China, India, Argentina and Australia. Beef Futures are available for trading in the Brazilian Mercantile and Futures Exchange and the Chicago Mercantile Exchange. Trading Economics

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Coffee – OTC

Arabica coffee futures on ICE extended losses toward $2.15 per pound, approaching levels not seen in over six weeks, as showers in Brazil’s coffee belt may aid the crop outlook. Forecasts for rains in Minas Gerais, which accounts for about 30% of Brazil’s arabica crop, are expected to provide much-needed moisture and improve the outlook for next year’s crop in the world’s top producer. Meanwhile, the latest data showed ICE-certified arabica stocks stood at 426,180 bags on September 30th, the lowest in 23 years. Historically, Coffee reached an all time high of 339.86 in April of 1977. Arabica coffee it

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Coal – OTC

Newcastle coal futures, the benchmark for top consuming region Asia, fell below the $400 per tonne mark from September highs of around $450 per tonne, as China pledged to raise coal production capacity this year by 300 million tonnes, which is about equivalent to the amount of coal China usually imports each year. Adding to woes, Chinese coal imports for August were 15% lower compared to the same period last year, as demand remained weak due to the continued restrictive COVID policy. Still, the likelihood of a cold winter, constraints on the Chinese rail network, and a much depleted hydro

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Cheese – OTC

Cheese increased 0.20 USD/LBS or 11.26% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Cheese reached an all time high of 2.59 in July of 2020. Cheese is a dairy product, and it’s price is based on US domestic cheddar cheese. Each contract goes for 20,000 lbs. The Cheese prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making

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Butter –

Butter increased 1,233 EUR/T or 20.64% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Butter reached an all time high of 7525 in April of 2022. Butter futures are widely traded on the European Energy Exchange (EEX). Futures contracts for butter are financial instruments that allow producers, large consumers, and speculators to offset or assume the risk of a price change of holding a specific quantity of butter over time. India is the world’s largest butter producer, followed by the United States and New Zealand.

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LME Index – OTC

LME Index decreased 964.80 points or 21.43% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, LME Index reached an all time high of 5505.70 in March of 2022. London Metal Exchange Index consists of 6 metals with the following weights: aluminim (42.8%), copper (31.2%), zinc (14.8%), lead (8.2%), nickel (2%) and tin (1%). Weightings of the six metals are derived from global production volume and trade liquidity averaged over the preceding five-year period. The index value is calculated as the sum of the prices for

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Lead – OTC

Lead decreased 474.50 USD/MT or 20.30% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Lead reached an all time high of 3989 in October of 2007. Lead is a soft, malleable, ductile, bluish-white, dense metallic element, extracted from galena and found in ore with zinc, silver and copper. 80 percent of modern lead usage is in the production of batteries. Lead is also often used to line tanks that store corrosive liquids and as a shield against X and gamma-ray radiation. The biggest producers of

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GSCI Commodity Index – OTC

S&P GSCI increased 691.85 points or 24.93% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, GSCI Commodity Index reached an all time high of 10898.10 in July of 2008. The S&P GSCI® is a composite index of commodity sector returns representing an unleveraged, long-only investment in commodity futures that is broadly diversified across the spectrum of commodities. The index consists of 24 commodities from all commodity sectors – energy products, industrial metals, agricultural products, livestock products and precious metals but its exposure to energy sector

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Eggs US –

Eggs US increased 2.42 USD/DOZEN or 152.20% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Eggs US reached an all time high of 4.01 in October of 2022. Futures contracts for Eggs are financial instruments that allow producers, large consumers, and speculators, to offset or assume the risk of a price change of holding a quantity of Eggs over time. Prices for Eggs displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. This page includes a chart with

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Baltic Exchange Dry Index – Baltic Exchange

The Baltic Dry index, which measures the cost of shipping goods worldwide, rose about 1.6% to 1,788 points on Monday, extending gains for the second straight session, amid firmer demand for larger vessel segments. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, advanced 4.4% to 2,041 points, its best day in six. Meanwhile, the panamax index, which tracks about 60,000 to 70,000 tonnes of coal and grains cargoes, was flat at 2,082 points, following a four-session winning streak; and the supramax index was also unchanged at 1,663 points. . Historically, Baltic Exchange Dry Index reached

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Aluminum – OTC

Aluminum futures were trading around the $2,200 per tonne mark, down almost 50% from a record peak reached in March, as concerns about an economic recession and manufacturing slowdown have taken a front seat. Alcoa, the largest US aluminum producer, has recently warned investors that high energy and raw material costs and a fall in aluminum prices are putting pressure on margins. Century Aluminum, the second largest domestic producer, announced in June that it would close one of its US plants and lay off over 600 workers due to rising energy costs. Putting a floor under prices were fears of

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Naphtha – OTC

Naphtha decreased 43.38 USD/T or 6.22% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Naphtha reached an all time high of 1180.47 in July of 2008. Naphtha is a flammable liquid that can be used as fuel, metal cleaner, high-octane gas and as petrochemical in production of plastics. Naphtha prices are highly correlated with crude oil as it is generally produced during the refining of crude oil. Each contract represents 1,000 metric tons. The Naphtha prices displayed in Trading Economics are based on over-the-counter (OTC)

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Ethanol – OTC

Ethanol decreased 0.63 USD/GAL or 21.08% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Ethanol reached an all time high of 4.33 in June of 2006. The ethanol market is growing rapidly, particularly due to the governments mandate for renewable fuels. Ethanol is largely produced through fermenting starch or sugar-based feedstocks. In the United States, corn is the principal raw material; in Brazil, the world’s leading ethanol producer, sugar cane is widely used. In the United States, Ethanol Futures are available for Trading in The

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Platinum – OTC

Platinum rose above $900/t. Oz following a rebound across precious metals as increased market volatility and treasury yields falling from their peaks has attracted investors to traditional, non-yield-bearing safe-haven assets. Historically, Platinum reached an all time high of 2290 in March of 2008. Platinum is mostly traded on the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market. Platinum futures contract trades in units of 50 troy ounces. Platinum is among the world’s scarcest metals and is used primarily in the production of automotive catalytic converters, in petroleum refineries and in the chemical and electrical industry.

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Rice – OTC

Rice futures were trading below $17 cwt, the lowest since August 18th, on expectations of higher supply and a slowdown in global demand as global economic growth is abating. Vietnam’s rice exports in the January-September period are estimated to have risen by about 19.3% from a year earlier to 5.4 million tonnes. On top of that, monsoon rains, which were delayed in parts of India’s northern and eastern rice-producing regions, have improved, boosting crop prospects in the world’s largest rice supplier. Still, concerns over tightening supplies remain. The USDA, in its September rice outlook report, indicated that the 2022/23 global

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