Freight Spikes, $14.4k Copper, US Gas Records & Super El Nino Impacts

The Commodities Trade Institute Podcast · Aug 12, 2026 · 5m

Black Sea military targeting drops Ukrainian grain shipments by 94% as freight costs rise $10 per ton, while Democratic Republic of Congo concentrate export bans push London copper cash prices to record highs of $14,453 per ton. Meanwhile, U.S. natural gas production reaches a record 111.2 billion cubic feet per day despite Middle East shipping blockades driving Cuban black-market fuel to $38 per gallon, and Europe’s heatwave slashes Austrian grain yields by 19% amid an intensifying super El Niño.

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