Forex and Commodity News
Dollar, euro and sterling currency pairs, gold and silver prices, plus agricultural and industrial commodity market news.
Dollar, euro and sterling currency pairs, gold and silver prices, plus agricultural and industrial commodity market news.
Canada Trade War Triggers US Backlash Amid Rising Price Concerns
Soybean futures closed higher on Friday, registering substantial weekly gains. September contracts rose 47 ¼ cents, while November contracts advanced 47 cents. This positive momentum in the futures market coincided with the expiration of September options.
Faircourt Asset Management Inc. announced a $0.034 per share August distribution for Faircourt Gold Income Corp. (FGX). Ex-dividend and record dates are August 31, 2026, with payment on September 15, 2026.
Gold prices surged to a three-month high as the US dollar weakened globally and the Treasury expanded its bond buyback program. Silver also reached a two-month peak, supporting the upward trend in precious metals.
September arabica coffee futures rose due to supply worries stemming from Brazil's slow harvest pace and low inventories. Robusta coffee, however, faced downward pressure from increasing stock levels, as prices consolidated below Wednesday's 6.5-month high.
Following a strong rally on Wednesday, cotton futures saw a pullback in early trading on Thursday. Crude oil prices continued to climb amid Middle East tensions, while the US dollar index weakened after Treasury's bond buyback announcement.
Westhaven Gold Corp. announced an extension of high-grade gold and silver mineralization below the South Zone deposit at its Shovelnose Gold Property. New drill results extend below the deepest mining stopes proposed in the company's 2025 preliminary economic assessment, indicating significant potential.
According to Capital Economics, the Swiss franc is set to gain in the event of a widespread selloff in AI stocks. Experts anticipate the franc to strengthen by approximately 3% against the euro by the end of 2027.
Global wheat futures markets concluded the Monday, August 17 session with mixed results. Chicago SRW wheat contracts showed fractional movements, while Kansas City HRW wheat closed higher and Minneapolis spring wheat experienced declines.
Mining giant BHP Group reported a 30% surge in underlying profit to $13.2 billion for the fiscal year ended June 30, 2026, fueled by robust copper and steady iron ore demand. Copper emerged as the company's largest earnings driver for the first time, propelled by energy transition and AI data center needs.
Live cattle futures experienced declines by midday, while feeder cattle futures also retreated after initial strength. This market downturn is pressured by concerns over processing capacity following Tyson Foods' plant closure announcements and broader supply dynamics. Cash trade, however, saw solid sales last week.
Cotton futures rallied on Friday, with front-month contracts showing significant gains and December futures rising weekly. Crude oil prices increased while the US dollar index declined. Managed money notably boosted its net long positions in cotton, signaling strong market confidence.
The wheat complex rallied on Friday, closing the week with a premium, driven by fresh developments in the Black Sea. Chicago SRW futures gained 11.75 to 22 cents daily, with a 35-cent weekly increase. Kansas City HRW futures led the rally, ending the week up 40.25 cents.