Commodity News

TMN - Wheat

Wheat recovers as Russian missiles hit Ukraine’s port

On Monday, wheat futures recovered as Russian missiles hit Ukraine’s southern port of Odesa last Saturday. US futures tied to the commodity edged up 3.54% or 26.90 points to $786.80 per metric ton. The attack threatened a deal signed just a day earlier to unblock grain exports from Black Sea ports. Two Russian Kalibr missiles …

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TMN - Natural gas

Natural gas prices dwindle on stockpile boost

On Friday, natural gas prices declined as European countries replenished their stockpiles, easing concerns over tight supply. Futures tied to the commodity edged down 4.01% or 0.34 points to $7.97 per metric million British thermal units. Accordingly, companies increased their fuel reserves to guard against any potential disruption from Russia, the continent’s top supplier. As …

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TMN - Copper

Copper prices rebound as Chinese covid cases ease

On Thursday, copper prices clawed back after skidding to their lowest in almost eight months. The recovery came after the slowing coronavirus infections in top metals consumer China, easing near-term demand concerns. Copper futures for delivery in July gained 0.77% or 71.00 points to $9,299.50 per tonne. The metal hiked from a slump of 1.88% …

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