Topic
prices
Commodities Brent crude remains above $90 per barrel as Hormuz operations remain disrupted
Brent crude held above $90 per barrel in early Thursday trade, up 0.41% to $92, while WTI rose 0.32% to $84.66, as the US-Iran war and Strait of Hormuz disruption kept the risk premium intact. Conflicting US and Iranian statements on the strait's status slowed shipping, while the UAE suspended financial transactions with Iran. Meanwhile, US crude inventories climbed 4.4 million barrels, topping expectations for a 600,000-barrel draw.
Commodities Global Palm Oil Prices Seen Surging on Narrow Production Surplus
Global palm oil prices are set to rise as the 2026-27 season production surplus narrows from 2025-26, with BMI lifting its 2026 CPO price forecast to MYR4,453/tonne. Indonesia's B50 biodiesel mandate and El Nino risks tighten export supply, while Rabobank sees elevated prices through 2031. Buyers face sourcing challenges and tighter fundamentals.
Commodities Diesel Prices Above $5.60 as Refining Crisis, Not Crude, Drives Market
On-road diesel prices hit the high $5.60s as crack spreads surged above $100 per barrel, far beyond the normal $15–$25 range, according to a FreightWaves interview with Aaron Decker, CEO of Multi-Service Fuel Card. Decker said the problem is refining capacity, not crude, with Ukrainian drone strikes and record-low distillate inventories tightening supply. He expects diesel to remain above $5 for the foreseeable future.
Commodities Indian retail, mill gate sugar prices drop after nearly two-month rally
Sugar prices in India declined in mill-gate and retail markets on Monday after a nearly two-month rally, following government measures including duty-free raw sugar imports of 1 million tonnes and tighter stock limits for bulk users. Ex-mill S-30 grade prices in Maharashtra fell over 10 per cent from the August 20 peak. Global raw and white sugar futures also weakened.
Commodities Gold Rates Hold Steady Across Indian Cities on August 26; 22-Carat at ₹15,090 Per Gram
Gold prices in India were unchanged on August 26, with 22-carat gold at ₹15,090 per gram nationally, according to The Hindu BusinessLine. City-wise rates across Coimbatore, Nagpur, Visakhapatnam, Surat, Jaipur, Lucknow, Chandigarh and other centres held flat. The report provided no international spot data or week-over-week comparisons.
Commodities Gold Price Prediction Today: Why Gold Prices Are Rising — August 26, 2026 Outlook
Gold has rebounded sharply in August, gaining 14% month-to-date, supported by lower US Treasury yields, a weaker dollar and strong ETF inflows of $6.4 billion last week. The near-term outlook hinges on Fed Chair Kevin Warsh's Jackson Hole speech and core PCE inflation data, with spot gold at $4,650/oz. Silver has also rebounded, with the Silver Institute projecting a sixth consecutive annual market deficit in 2026.
Commodities Sugar Falls as Weaker India Prices Curb Import Expectations
Raw sugar futures fell as much as 3% in New York to 17.13 cents/lb and white sugar dropped 3.9% in London after easing local prices in India reduced expectations for imports. India's new 1 million-ton duty-free import allowance and a redirection of advance-imported sugar reduce the need for fresh cargoes, according to analysts. Dry weather in Brazil and slipping crude prices add to bearish sentiment.
Commodities Gold Holds Near Three-Month High as Dollar Weakens; Silver Trades Mixed on Profit Taking
Gold held near a three-month high at $4,646.08 per ounce on Aug 26, supported by a softer dollar and US Treasury buyback plans, after posting a 3.2% weekly gain. Silver diverged, falling 1.04% to $67.88 as traders booked profits, while Indian gold prices rose for a fourth straight session in Delhi.
Commodities Winter Energy Prices to Hit Three-Year High as Wholesale Gas Volatility Drives UK Cap
Analysts expect Ofgem to raise its winter price cap by 4% to a three-year high, driven by a 61% rise in wholesale gas prices over the past three months. Cornwall Insight forecasts a typical household will pay £1,729 a year from October, up from £1,663. Energy UK reports total consumer energy debt has reached £6bn and may hit £7bn by year-end.
Commodities Indian Agriculture Minister asks ICAR to tackle onion price gap
India's all-India modal onion price reached Rs 50/kg on Tuesday, with Punjab and Delhi prices up 130% and 83% respectively over three months. Agriculture Minister Shivraj Singh Chouhan asked ICAR to reduce the farm-retail price gap and questioned trader-driven inflation. The government is dispatching buffer-stock onions via 'Kanda Express' rail rakes to sell at Rs 35/kg in Delhi, amid a buffer stock of 1.21 lakh tonnes for 2026.
Commodities Benchmark diesel price is now highest since war began
The DOE/EIA average weekly retail diesel price rose 19.8 cents/gallon to $5.652/g, its highest level since military action against Iran began in early March. ULSD futures on the CME reversed course, falling 22.72 cents/gallon after Treasury Secretary Scott Bessent signaled a shift to economic pressure on Iran. Bullish diesel-specific factors including Ukrainian strikes on Russian refineries continue to underpin the market.
Commodities TNAU forecasts ₹65-70/kg groundnut prices at harvest
TNAU's DEMIC has forecast groundnut prices at ₹65-70 a kg for the upcoming harvest, based on 25 years of price data from Tindivanam and Sevur markets. India, the world's second-largest groundnut producer, harvested 119.42 lakh tonnes in 2024-25, while trade sources expect arrivals to decline amid monsoon fluctuations.
Commodities Sugar ex-mill prices fall 18% to Rs 55 per kg after record high
Ex-mill sugar prices in India fell 18% to Rs 55 per kg after touching a record Rs 67 per kg last week, according to a Business Today report. Food secretary Sanjeev Chopra attributed the drop to the government's decision to allow sugar imports and action against hoarding and speculation. Production for 2025-26 is estimated at 306 lakh tonnes, against annual domestic demand of 280-285 lakh tonnes.
Commodities 'Resale' sugar prices drop in India even as retail rates soar to a new high
Resale sugar prices in key Indian states dropped ₹400-500 a quintal after the government allowed 1 million tonnes of raw sugar imports, while retail prices rose to a record ₹58.15 per kg. Global raw and white sugar futures also slipped, and production estimates for 2026-27 were trimmed to ~306 lakh tonnes.
Commodities US Natural Gas Rises as Texas Heat Outlook Boosts Power Demand
Nymex September natural gas futures settled 3.2% higher at $2.776/mmBtu as intense Texas heat lifted power demand. Houston temperatures are expected to average 100F from August 20-23, and ERCOT peak load could set a record this week. BNEF data showed Lower-48 dry gas production at 112.5 bcf/day, up 2.6% year-over-year.
Business Inflation Is Heating Up, But Don't Expect Another Crisis, BBC Says
BBC News analysis finds UK inflation is set to rise to around 3.5% later this year after energy bills climbed in the fallout from the war in Iran. Yet food inflation remains at 1.3%, wages are outpacing prices, and economists do not expect another crisis on the scale of the war in Ukraine.
Commodities Indian steel mills face margin squeeze as global coking coal prices rise
Rising global coking coal prices, driven by supply disruptions in Australia, China and the Iran war, are squeezing Indian steel mill margins. Premium hard coking coal averaged $236 per metric tonne FOB Australia in Jan-Jul 2026, up 25% year-on-year, according to CRU. Steelmakers face higher costs and limited pricing power amid cheap Chinese steel competition.
Business UK inflation rises to 2.9% in July as gas prices lift energy bills
UK inflation rose to 2.9% in the 12 months to July, up from 2.6% in June, according to the Office for National Statistics. The acceleration was driven by higher gas prices and Ofgem's 13% energy price cap increase, which added £221 a year to typical household bills.
Trade Rupee, price tailwinds for Indian exporters may fade in H2FY27: Nuvama
Nuvama's Q1FY27 Earnings Review says Indian exporters' top-line growth accelerated to 15% year-on-year in the April-June quarter from 6% in FY26, driven by rupee depreciation and higher prices. The brokerage warns these tailwinds will start fading in H2FY27, with currency movements a key risk for IT and other overseas-revenue sectors.
Commodities Karnataka moong arrivals pick up as prices rule firm on lower crop
Moong arrivals have picked up in Karnataka's Gadag and Bagalkot markets as the new-season harvest begins, though trade sources report a lower crop on reduced acreage. Prices rule firm with machine-harvested moong at Rs 7,000-8,500 per quintal and hand-picked lots at Rs 8,600-10,300, while kharif acreage is down 4 per cent as of August 14, according to The Hindu BusinessLine.
Commodities Gold and Silver Prices Decline in Indian Bullion Market, Silver Down Over One Per Cent
According to Akashvani / News on AIR, 24-carat gold was marginally down at ₹1,54,080 per 10 grams in the Indian bullion market on August 18, 2026, while silver declined over one per cent to ₹2,33,164 per kilogram. The report provides no additional supply, demand, or inventory context, leaving the rupee-denominated price levels as the key data points.
Commodities US-Iran War Oil Shock: How Long Can the World and India Absorb It?
The US-Iran war has caused one of the biggest oil supply disruptions in history, but crude prices have only spiked modestly so far, according to Business Today. The IEA released 400 million barrels from emergency reserves, while the EIA forecasts prices will stay elevated until early 2027. India and the global economy face an uncertain period if the conflict continues for another six months.
Commodities British Wool Prices Surge 70% as Global Demand Rises and Flocks Shrink
Wool prices have climbed more than 70% in a year, with clean shorn wool averaging £2.54/kg in the latest sale versus under £1.50 a year ago, according to BBC News. A smaller British flock, fewer sheep in New Zealand, and the clearance of Covid-era wool stockpiles are driving the rally, which pushed prices to a 10-year high. Farmers like Wyn Williams say the higher prices help cover shearing costs.
Commodities Lithium prices likely to head lower this half as supplies improve
Lithium carbonate prices hit a six-month low of 140,000 yuan ($20,770) per tonne before recovering $1,000, as supply resurgence in China and Australian restarts loom. BMI forecasts 2026 average at $20,100/tonne for carbonate, while AOCE sees spodumene at $2,240/tonne. Strong energy storage demand is expected to cushion any sharp fall.
Commodities Why India Is Considering Sugar Imports as Domestic Prices Hit Record Levels
India is considering limited duty-free sugar imports, tighter stockholding limits, and lower import duties to rein in record sugar prices ahead of the festival season, according to Reuters. Wholesale prices in Kolhapur, Maharashtra, have jumped nearly 20% in August to a record Rs 5,350 per 100 kg despite official assessments of sufficient supplies. Any import decision would mark India's first significant sugar imports in nearly a decade and could support global sugar prices.
Commodities Indian Gold Prices Rise Across Major Cities on August 18: Check 22-Carat and 24-Carat Rates
Gold prices in India rose across all major cities on August 18, 2026, with 22-carat gold up ₹20 per gram and 24-carat gold up ₹21 per gram. Kolkata quoted the highest rates while Chennai and Hyderabad were the lowest, based on data courtesy of bankbazaar.com. The Hindu BusinessLine reported the full city-wise breakdown.
Commodities Oil rises as Iran signals offensive stance, US rules out ceasefire extension
Oil prices climbed on Tuesday as Iran signalled a fully offensive military posture and the US ruled out extending a temporary ceasefire, heightening supply worries. Brent rose 0.3% to $91.14 a barrel while WTI gained 42 cents to $85.04, with Hormuz vessel transits falling to five on Saturday and none on Sunday.
Commodities Gold Rate Today Aug 17: 22-Carat, 24-Carat Prices Rise Across Mumbai, Delhi, Chennai, Kolkata
Gold prices in India rose across all major cities on August 17, 2026, with 22-carat gold up ₹50 per gram and 24-carat up ₹52–₹53 per gram. The Hindu BusinessLine, citing bankbazaar.com, published city-wise rates showing Kolkata with the highest prices and Chennai/Hyderabad the lowest.
Commodities Oil Holds Steady as Strait of Hormuz Nears Zero Traffic; Iran-US Talks Stall
Brent crude edged up 0.42% to $88.89 and WTI rose 0.21% to $82.57 as vessel traffic through the Strait of Hormuz nearly halted over the weekend. Kpler data showed only five commodity vessels crossed on Saturday and none on Sunday, versus 31 the prior weekend, while Iran-US talks remained stalled.
Commodities Gold, Silver Futures Rise on MCX as Bullion Outlook Stays Positive
Gold and silver futures extended gains on MCX, with gold's October contract up nearly 2% to Rs 1.54 lakh per 10 grams and September silver up 1.9% to Rs 2.35 lakh per kg. Analysts at LKP Securities and JM Financial see a positive bias with targets of Rs 1.57 lakh and Rs 2.54 lakh respectively, though profit-booking and Middle East developments could fuel volatility.
Commodities Gold and Silver Prices Eye Fed Minutes and Middle East Cues in Week Ahead
Gold and silver prices may extend their rally next week, driven by Fed policy signals and Middle East tensions, according to Business-Today. MCX gold futures settled at Rs 1.54 lakh per 10 grams and Comex gold at $4,437.3 an ounce. Analysts see targets of Rs 1.57 lakh per 10 grams for gold and Rs 2.54 lakh per kg for silver.
Commodities Crude Check: Brent set to consolidate between $83 and $91, MCX range ₹7,400-₹8,000
Brent crude oil futures on ICE consolidated between $83 and $91 per barrel after rallying 5.9% to $88.50, while MCX crude futures in India rose 6.1% to ₹7,810 and faced resistance at ₹8,000. According to The Hindu BusinessLine, both contracts are expected to trade sideways, with the trade strategy being to stay out.
Commodities Coriander Prices Surge Past Rs 200 per kg as Heavy Rains Disrupt Supplies from Nashik
Fresh coriander prices have jumped above Rs 200 per kg after heavy rainfall and flooding in and around Nashik damaged standing crops and disrupted transport to northern India. At Delhi's Azadpur mandi, wholesale prices climbed to Rs 175 per kg, while retail rates hit Rs 220-230 per kg, according to traders. Supplies from alternate centres like Bengaluru and Latur also fell due to delayed rain, tightening availability of premium-quality coriander.
Commodities Oil prices today: Crude edges higher as US-Iran tensions revive supply concerns
Oil prices edged higher on Friday as the US threatened to maintain a naval blockade of Iran indefinitely, reviving supply concerns. Brent rose 0.1% to $87.16 a barrel, while WTI gained to $81.29, although weaker demand forecasts and rising US inventories capped upside. OPEC and the IEA lowered demand growth forecasts this week, and US crude inventories posted their largest weekly rise in over 3.5 years.
Commodities India urea import prices fall 12% as global fertilizer supply tightness eases
India, one of the world's biggest urea importers, received offers 12% below its June purchase price, signaling easing global fertilizer supply. State-run Rashtriya Chemicals & Fertilizers Ltd. drew more than 3 million tonnes of offers for its west coast tender at $393.65–$435 a tonne. The drop extends a decline from April's $959-per-tonne peak.
Commodities El Nino Poses Threat to Agricultural Commodities from Rice to Coffee, Analysts Say
El Nino's onset is threatening agricultural commodities from rice to robusta coffee, with analysts at BMI, Rabobank and FAO AMIS flagging crop-specific risks. Rice faces the clearest exposure, corn is least affected, and Australia emerges as a key downside risk for grains.
Commodities Oil Prices Slip as OPEC Cuts 2026 Demand Forecast; Iran War Keeps Supply Risks Alive
Oil prices slipped more than $1 on Thursday as OPEC cut its 2026 global demand growth forecast to 580,000 bpd and the IEA lowered its consumption outlook, while US crude inventories posted their biggest weekly build since January 2023. Brent fell 0.92% to $88.16/bbl and WTI fell 1.07% to $82.38/bbl. Middle East supply risks from attacks on shipping in Hormuz and Bab el-Mandeb and stalled Iran-US talks kept the downside limited.
Commodities Why Global Diesel Prices Are Soaring: War, Hurricanes & Drone Attacks
Wholesale diesel prices have climbed to roughly $180 a barrel, with Gulf Oil's Tom Kloza warning that a US Gulf hurricane could push them past $200. Drone strikes on refineries in Russia, Saudi Arabia and Libya have tightened an already short global refining market, while record US distillate exports and EIA-linked fuel surcharges add to the strain, according to FreightWaves.
Commodities Coconut Oil Prices on the Boil on Onam Demand
Onam festival demand has lifted wholesale coconut oil prices to around ₹260 a kg in Kerala, with copra at ₹168 a kg, according to traders. While some traders allege artificial price creation, industry observers point to improved supplies and expect only moderate upward pressure in the coming weeks.
Commodities Oil Rises on US-Iran Deal Doubts as Supply Concerns Intensify
Oil prices rose on Wednesday as doubts over a US-Iran peace deal and ship attacks in the Strait of Hormuz and Bab el-Mandeb stoked supply concerns, according to Reuters. Brent climbed 0.84% to $89.66 a barrel and WTI rose 0.87% to $83.92, despite API data showing a 9.1 million barrel build in US crude inventories. The EIA expects 600,000 bpd of Middle East supply disruptions to persist through 2027.
Commodities Gold Rises 1.4%, Silver 1.7% in Indian Bullion Market on August 11
Indian bullion prices rose on August 11, 2026, with 24-carat gold up 1.4% at Rs 1,52,803 per 10 grams and silver up 1.7% at Rs 2,35,352 per kilogram, according to Akashvani. The report identified no specific supply, demand, or geopolitical drivers for the gains.
Logistics Trump Extends Jones Act Waiver Another 90 Days; Analysts See 'Pennies per Gallon'
President Trump extended the Jones Act waiver for another 90 days, allowing international vessels to move gas, fertilizer and other commodities between U.S. ports. Analysts say the direct effect on retail fuel prices is pennies per gallon, limited by high tanker rates, even as 54 million barrels of energy products moved under the exemption since March. The waiver adds Gulf-to-West Coast flexibility and new propane flows to Puerto Rico but remains a temporary 'band-aid,' according to Cato Institute analysts.
Commodities Oil Prices Rise Over 2% as US-Iran Peace Hopes Fade on Hormuz
Oil prices rose over 2% on Tuesday as hopes of a US-Iran peace deal weakened. Brent crude hit $89.806 per barrel, up 2.1%, while US crude stood at $84.386, up 2.3%, after President Trump said Washington would seek reparations from Tehran and asserted US Navy control over the Strait of Hormuz. Tehran had linked reparations to reopening the strait, lifting sanctions, and ending naval blockades.
Commodities Gold Prices Rise Across Indian Cities on August 11; Latest 22K and 24K Rates
Gold prices in India rose across all major cities on August 11, 2026, with the national 22-carat reference up ₹290 to ₹14,270 per gram, according to The Hindu BusinessLine. City-wise 24-carat rates ranged from ₹14,438 in Chennai to ₹15,089 in Kolkata. Rates were provided by bankbazaar.com.
Commodities Beijing’s Billion-Barrel Weapon: Why India Must Prepare for China-Driven Oil Prices
China has amassed up to 1.4 billion barrels of oil in strategic and enterprise-controlled inventories — more than three times the US Strategic Petroleum Reserve — giving Beijing price-making power as a global swing buyer. Business Today reports that India must prepare for China-driven crude price swings as Beijing’s opaque reserve policy becomes a core market variable.
Commodities Indian domestic cotton prices rise on global cues, firm mill demand
Indian domestic cotton prices strengthened, with Cotton Corporation of India raising prices by ₹700 per candy on firm mill demand amid depleting stocks. Cotton acreage has caught up at over 106 lakh hectares, while ICE futures hover near 84 cents per pound. India's closing stocks are projected to decline to 75-80 lakh bales by end-September.
Commodities India mulls curbing cane use for ethanol to tame record-high sugar market
India is considering restricting sugarcane diverted to ethanol in the season starting October to boost sugar output and cool record-high domestic prices, according to two government and two industry sources cited by Reuters. Reduced rainfall in Maharashtra and Karnataka has raised supply concerns, and a decision could come by the end of next month. About 3 million metric tons of sugar — roughly 10% of output — was diverted to ethanol in the current year.
Commodities Precious Metals May Continue Rally, but Inflation and Rates Now Drive Bullion: MOFSL
Motilal Oswal Financial Services' H1 2026 Precious Metals Report finds gold's safe-haven appeal is now conditional on inflation, interest rates and monetary policy expectations. Rising bond yields are the key headwind for gold, outweighing geopolitical safe-haven demand, according to MOFSL's Navneet Damani.
Commodities Brent crude jumps over 1% as traders await Strait of Hormuz reopening
Brent crude jumped 1.32% to $84.65 a barrel while WTI rose 1.04% to $78.99 as traders assessed delays in reopening the Strait of Hormuz, according to Business Today. An Iran-Oman shipping-lane deal is in its final stages but tied to US concessions, while Houthi attacks on Saudi Aramco's Jazan refinery added supply risk.
Commodities Crisil data shows tomato, onion, potato prices push up July veg thali cost
Crisil's Roti Rice Rate report found that tomato, onion and potato prices pushed the average cost of a home-cooked vegetarian thali in India up 4% month-on-month to ₹28.1 in July, while the non-vegetarian thali cost fell 2% to ₹53.5. On an annual basis, the veg thali was 14% cheaper and the non-veg thali around 13% cheaper, driven by lower prices for tomato, onion, potato, pulses, rice and broiler chicken.
Commodities NMDC cuts iron ore prices from August 8; lump ore, fines down ₹200 per tonne
NMDC has reduced iron ore prices from August 8, with lump ore (65.5% Fe) cut to ₹5,250 per tonne and fines (64% Fe) to ₹4,500 per tonne, following a record July production of 4.06 MT, up 31% year-on-year. The Ministry of Steel-owned miner also reported cumulative output of 19.16 MT and sales of 15.15 MT in April-July 2026.
Commodities Has Coffee Become the Most Misunderstood Agricultural Product in India?
Miguel Villaquirán, Co-founder and CEO of Libertario India, argues in The Hindu BusinessLine that while India has embraced specialty coffee, the agricultural factors that create quality — origin, altitude, soil, climate and processing — remain invisible to consumers. He says a mature coffee culture depends on shifting conversation from strength and bitterness to where and how coffee is grown.
Commodities Onion, Oil or Chicken: What Made Your Thali Costlier in July
A Crisil Intelligence report released Friday showed India's home-cooked vegetarian thali cost 4% more in July year-on-year, while a non-vegetarian thali was 9% costlier. Onion prices jumped 23% month-on-month on tight rabi stocks after Maharashtra's unseasonal rain and hailstorms, while broiler chicken fell 2% month-on-month. Vegetable oil, LPG and chicken prices all rose year-on-year, with potatoes and tomatoes providing some relief.
Commodities Rice Prices Steam Up in Indian Domestic Market on Demand-Supply Gap, Deficient Monsoon
Indian domestic rice prices, particularly non-basmati varieties, have risen over 10% in recent weeks due to a demand-supply gap, a deficient monsoon, and a higher paddy MSP. Premium varieties like Sona Masuri, Ponni, and Swarna have seen the sharpest increases, while FCI stocks and record production estimates have not eased miller shortages.
Commodities Gold Holds Above $4,200 as Fed Bets and West Asia Hopes Drive Rally
Gold prices held firm above $4,200 per ounce on Friday, heading for their strongest weekly performance since January, supported by diplomatic optimism in West Asia and cooling US rate-hike expectations. Spot gold traded at $4,262.39, up 0.60%, while MCX gold quoted around ₹1,31,850 per 10 grams. Investors now await the US Non-Farm Payrolls report, with consensus pointing to 80,000 jobs added.
Commodities Rice Prices Near 10-Month High as El Niño Fuels Supply Concerns
Indian rice export prices held near a 10-month high this week, supported by rising domestic paddy costs and El Niño supply concerns, while Thai prices hit a one-month peak. India's 5% broken parboiled rice was quoted at $358-$364 per ton, unchanged from last week. Vietnam's Food Association proposed floor prices for fragrant rice exports at $500 per ton FOB.
Commodities Gold Rate Today August 6: 22K and 24K Prices Rise Across Major Indian Cities
Gold prices rose across all major Indian cities on August 6, 2026, according to The Hindu BusinessLine. The 22-carat rate nationally climbed by ₹265 per gram to ₹13,775, while 24-carat gold gained in every city. Detailed 1-gram and 8-gram rates for Mumbai, Chennai, Delhi, Kolkata, Bengaluru, Hyderabad and Ahmedabad are presented.
Logistics Shipowners shouldn't assume today's strong recycling market will last, Wirana warns
Limited demolition supply and intense buyer competition have made ship recycling a seller's market, but Wirana Shipping warns owners not to assume it will last. Strong freight markets are keeping older vessels trading, while Red Sea reopening or easing Iran sanctions could flip the balance.
Commodities Gold touches seven-week high on Strait of Hormuz reopening hopes
Spot gold touched a seven-week high above $4,285 per ounce on growing hopes for a Strait of Hormuz reopening, with an Iran-Oman deal seen easing oil prices and rate pressures. Market expectations for a September U.S. rate hike fell to 55%, while traders awaited Friday's nonfarm payrolls report. Silver, platinum and palladium also gained.
Commodities Record US Beef Prices Fail to Boost Rancher Profits as Cattle Supply Dwindles
US supermarket beef prices are 12% higher than a year ago, driven by the smallest cattle herd since 1951. But ranchers like Eric Gropper say record calf prices are offset by soaring input costs, and feedlots are also buying at all-time highs, according to BBC Business.