Latest / The Commodities Trade Institute Podcast
Asia LNG Hits 6-Month High, US Wheat at 1.53B Bushels, A$5.6B Gold Merger
Global commodity supply chains face severe disruptions as the Strait of Hormuz sees ship transits plunge to a five-week low amid escalating U.S.-Iran military strikes, driving up spot LNG prices to $18.00 per mmBtu and shifting record volumes of U.S. supply to Asia. Simultaneously, Russia's closure of the Don-Azov Channel following Ukrainian drone strikes on 13 vessels has sparked a 4% surge in Euronext wheat, amplifying the shock of a USDA report projecting the smallest U.S. wheat harvest since 1970 at 1.536 billion bushels. In industrial metals, Western sanctions have pushed the share of…
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