Commodity Market News

Russia announced an extension to its gasoline export ban and a partial diesel export restriction through Sept 30, 2025, tightening diesel availability for fuel‑intensive sectors. Separately, a mudslide at Indonesia’s Grasberg mine forced Freeport‑McMoRan into force majeure and prompted analysts to cut copper supply forecasts (about 591,000 tonnes lost through end‑2026). Together these verified events raise near‑term costs for freight, mining, agriculture and push copper toward a supply deficit.

A Fed 25bp cut and dovish guidance weakened the dollar and lifted broad commodities, while Chinese buying of Argentine soybeans after a tax pause pressures CBOT soy and U.S. exporters.

A Fed 25bp cut and dovish guidance weakened the dollar and lifted broad commodities, while Chinese buying of Argentine soybeans after a tax pause pressures CBOT soy and U.S. exporters.

This week the U.S. dollar fell to multi-year lows as markets priced in a likely Fed rate cut, pushing gold above $3,700/oz and easing financial conditions across dollar-priced commodities. Separately, Inner Mongolia ordered 15 Ordos coal mines to stop after breaching output quotas, tightening metallurgical coal supply and lifting coking coal futures.

A jump in long-term government bond yields pushed gold to a fresh record as investors sought a fiscal hedge, while U.S. liquefied natural gas shipments hit a monthly high in August — lifting supply-side pressure on European gas flows and freight markets.

A softer U.S. dollar this week, driven by rising bets on an upcoming Fed rate cut, is lifting dollar‑priced commodities—especially precious metals—while cocoa tumbled after West African crop outlooks improved.