Commodities

Corn for December delivery fell 1% to $3.8725 per bushel as of 10:45 a.m. in Chicago.

Crude oil stockpiles at a key US hub are at their lowest levels since February.

Spot gold was up 0.7% at $2 501.22 an ounce as of 10:29 a.m. in London, slightly down on the week.

Iron ore is trading at the lowest level since 2022, making the steel-making staple one of this year’s worst-performing commodities.

Fine wine and whiskies: The investment that ages well, offering both joy and returns.

Spot gold was down 0.4% to $2 462.33 at 1:53 p.m. in Singapore, within $30 of its highest ever intraday price reached last month. It rose to a new closing high of $2 472.90 on Monday.

Spot gold rose 0.5% $2 442.16 an ounce by 10:55 a.m. in London.

The slide in US benchmark crude prices in recent weeks is masking a physical market that’s showing signs of steadily tightening up.

China is stepping up state purchases of wheat to support local prices, after heavy rains forced some farmers to unload their crop into a market already heaving with grain.

But stick to the ‘blue chips’ that have proven their ability to increase in value.

US crude production has been holding at a record high of 13.3 million barrels a day in July despite a steady decline in the number of rigs drilling in the oil patch.

Gold has been flirting with a new record as investors ramp up bets that cooling inflation will finally usher in a pivot to lower US interest rates.

Spot gold fell 0.7% to $2 375.06 an ounce by 2:16 p.m. in London.

Hurricane Beryl left a trail of destruction through the Caribbean and Mexico’s Yucatan peninsula as it churned a path into the Gulf of Mexico.