What the commodity markets can look forward to from the Trump-Xi Summit
The trade in agricultural products, energy, and rare earths have become the major bargaining cards in the trade dispute between the United States and China. They are likely to be discussed again next week when President Donald Trump hosts his counterpart Xi Jinping at the White House. What else do we know? Agri-products, including soybeans, are one of the largest US exports to China. They will reach $29 billion by 2024.
Highlights of Mark Carney's speech as Canadian Prime Minister in Strasbourg
Mark Carney, Canada's prime minister, called for a strategic alliance between the European Union and Canada. He also proposed joint efforts in the areas of critical minerals, artificial intelligence, defence, and trade. Carney's remarks came a day after Ursula von der Leyen, President of the European Commission, said that she was preparing to open the door for Canada to become an "associate" member in her State of the European Union Address.
VEGOILS - Palm oil reverses gains earlier and posts a week decline
Malaysian palm futures reversed earlier gains and fell Thursday, tracking weakness in crude oil and profit-taking?actions before a long weekend. The benchmark 'palm oil' contract for July delivery at the Bursa Derivatives Exchange fell 5 ringgit or 0.11% to 4,573 Ringgit ($1,151.89), a metric tonne, at the close. Futures fell 0.52% in the week. The market will close on May 1 for a holiday.
Palm oil rises in third session due to firm Chicago crude, soyoil and exports
Malaysian palm oil futures rose on Monday for the third consecutive'session,' boosted by higher Chicago soyoil & crude oil prices. Meanwhile, robust export figures continued to support a positive market sentiment. By midday, the benchmark palm oil contract on Bursa Derivatives exchange for June delivery was up 36 Ringgit or 0.78% at 4,667 Ringgit ($1,160.95). David Ng is a proprietary 'trader' at Kuala Lumpur based trading firm Iceberg X Sdn Bhd.
US finalizes biofuel blending quotas for 2026-27
On Friday, the 'Trump Administration' finalized a new mandate for biofuel blending volumes for 'the U.S. oil refiners. This required more fuels from corn and agricultural products, than originally proposed. The Environmental Protection Agency has set the total 2026 biofuel obligation at 26,81 billion RINs, and 2027 at 27,02 billion RINs. The EPA said that the total mandates…
From July, Ukraine's motor gasoline will contain at least 7 percent bioethanol
A law passed on Wednesday requires that Ukrainian motor fuel?contain at least 7% bioethanol by July. This is an increase from the 5% that manufacturers have been required to add since May 2025. The Ukrainian parliament adopted a new law in the winter of this year to align?the country’s legislation with EU regulations. The new'requirements' do not apply for fuel provided to the Ukrainian army or some high-octane gasoline.
GRAINS-Chicago soya beans jump to a two-month high after Trump's comments
Chicago Board of Trade soybean contracts hit a two month?high following remarks by U.S. president Donald Trump regarding?China purchasing more U.S. soy beans, traders said. In a posting on?his Truth Social Platform, Trump stated that China "raises the Soybean Count to 20 Million Tons (They have committed 25 Million Tons next season! China purchased 12 million metric tonnes of U.S. soya beans by late January. This was in fulfillment of a U.S.
Malaysia expects crude palm oil to cost between 3,900 to 4,100 ringgit a ton by 2026.
Due to increased global production, the Malaysian government expects that crude palm oil prices will range between 3,900 Ringgit ($925.05), and 4,100 Ringgit ($4,100.05), per metric ton in 2019. The benchmark crude palm-oil contract traded at 4,589 Ringgit on Thursday, with an average price for the year of 4,252 Ringgit. In its Economic Outlook report, released Friday along with its 2026 Budget…
Trump signss order to lower Japanese auto tariffs
On Thursday, U.S. president Donald Trump signed an executive order to lower tariffs announced in July on Japanese auto imports and other products. Seven days after the publication of the order, lower auto tariffs will come into effect. The tariff relief extends back to August 7, in part. Trump's order will also result in a reduction of the U.S. Tariff rate on Japanese vehicles, from 27.5% down to 15%.
India's E20 fuel rollout sparks driver protest
The rapidly expanding ethanol program of the government aims to reduce costly oil imports through the blending of petrol with ethanol. This biofuel is derived from organic waste or agricultural products and burns cleaner than conventional gasoline. India achieved its goal of a 20% mix of ethanol in petrol (also known as E20 gasoline) five years earlier than expected.
Trump announces a 15% tariff on South Korean imports
Donald Trump announced on Wednesday that the United States will impose a 15% tariff for imports from South Korea, as part of a deal with the Asian trading partner to avoid even higher levies. Trump stated on Truth Social that he was "pleased to announce" the United States of America had agreed to a Full & Complete Trade Deal (FTC) with the Republic of Korea. It was not possible to reach the South Korean government for a comment immediately.
Russia, Pakistan Mull Energy Exploration JV
Russia and Pakistan discussed cooperation on oil and gas offshore exploration and refining at intergovernmental meetings this week in Moscow, the Interfax news agency reported, citing Russia's deputy energy minister.Talks also covered the prospect of Russia supplying Pakistan with crude oil and grains, according to the report."Yesterday we received a rather interesting proposal from Pakistan in the area of offshore oil and gas exploration…
RPT: How Trump's proposed tariffs could affect commodities and energy
Donald Trump, the president-elect of the United States, pledged on Monday to impose tariffs on three of its largest trading partners: Canada Mexico and China. He explained how he would implement his campaign promises which could lead to trade wars. The following commodities and energy sectors may be affected. According to government statistics, Canada will export energy products worth $177.19 billion to the United States by 2023.
What impact Trump's tariffs on commodities and energy might have
President-elect Donald Trump on Monday pledged tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign promises that could trigger trade wars. Canada exported some $177.19 billion in energy products to the United States in 2023, according to government data. Canada's crude imports make up more than a fifth of all the oil that U.S. refineries process.
Palm oil is gaining on rival oils, but caution prevails in the face of US tariffs
Malaysian palm futures rose on Thursday as they tracked the movement of rival oils in Dalian and Chicago, but caution about U.S. Tariffs limited gains. By midday, the benchmark contract for palm oil delivery in May on the Bursa Derivatives Market had risen by 2 ringgit or 0.05% to 4,419 Ringgit ($998.42). Anilkumar bagani, research head at Mumbai-based Sunvin Group, says that the market remains cautious due to confusion regarding U.S.
Vietnam's PM announces that Vietnam will review duties on US LNG and high-tech products
A report on the website of the government said that Prime Minister Pham Minh Chinh had told the U.S. Ambassador to Vietnam that Vietnam was reviewing its duties against U.S. products. This includes liquefied gas, agricultural and high-tech goods. Southeast Asia's industrial hub, which relies heavily on exports to America and enjoys a large surplus in trade with Washington…
Palm oil is ahead of Malaysian supply-demand reports
Malaysian palm futures declined on Wednesday, reversing gains made earlier, as participants in the market awaited official data about domestic demand and supply. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was down 20 Ringgit or 0.47% to 4,251 Ringgit ($993.22) per metric ton. The contract rose by as much as 0.73 % in the afternoon session.
Palm oil prices rise ahead of Malaysian supply-demand report
Malaysian palm futures reversing previous losses, the market watched for official data on domestic demand and supply to provide further direction. At midday, the benchmark palm oil contract on Bursa Derivatives Exchange for December delivery was up 18 Ringgit (0.42%) to 4,289 Ringgit ($1,001.63) per metric ton. The contract dropped as much as 1,80% in an earlier session due to weaker Dalian edible oil and a stronger Ringgit.
The fragile Middle East truce has knocked down the prices of crops that are tied to oil.
The price of crops around the globe has been impacted by a shaky truce between Iran and Israel, especially those that can be converted into biofuels. Prices are affected by the price for crude oil. The price of crude oil dropped sharply after President Trump announced a ceasefire. This hit futures contracts and stocks for vegetable oils like Malaysian palm, European rapeseed and Chicago soyoil.
VEGOILS - Palm oil gains over Chicago soyoil; inventory data to be released
After two sessions of losses on the Chicago Soyoil Market, the Malaysian Palm Oil Board's futures prices rose on Wednesday. By midday, the benchmark contract for palm oil delivery in May on the Bursa Derivatives exchange was up 21 Ringgit or 0.48% to 4,370 Ringgit ($983.13) per metric ton. On March 10, the Malaysian Palm Oil Board will release its monthly statistics. The Chicago Board of Trade's (CBOT), which trades soyoil, rose by 0.58%.