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The Strait of Hormuz, through which roughly 20% of global oil and liquefied natural gas (LNG) flows, has been closed for three months since US-Israeli strikes on Iran began on February 28, driving up energy costs and putting Europe's aluminium sector under pressure.
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Latest news and market analysis

London, June 9, 2026 – Fastmarkets, a leading cross-commodity price reporting agency (PRA), today announced the launch of two new daily CBAM price assessments. These are designed to address one of the biggest challenges facing companies exposed to the EU’s Carbon Border Adjustment Mechanism (CBAM): the lack of real-time visibility into carbon costs at the point of trade.

EU wheat exports reached 19.23 million tonnes as of May 31, according to European Commission data, yet weekly flow data from Rouen port collapsed 66.6% to 72,923 tonnes in the week to June 3, pointing to a sharp deceleration in physical trade.

Half a million tonnes of copper is sitting in US warehouses, and the traders who put it there are starting to wonder whether they’ve built a hedge, or a trap.

Soybean futures on the Chicago Mercantile Exchange were lower on Friday June 5 due to uncertainties around Chinese commitment to buy of US goods and a perfect storm in external and derived markets.

Fastmarkets’ weekly recap of the main movements in global cash markets.

CPO futures extended losses on Friday June 5, erasing most of the week’s gains as weakness in related oils weighed on prices, while CME soyoil futures also declined, pressured by falling crude oil, legal challenges to rising US biofuel blending mandates and profit-taking.

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