Supply Chains · Trade · Global Markets

Cargo and Currency

Independent perspective on the commodities and supply chains that move the global economy: crude oil, natural gas, gold, silver, forestry and lumber, and agriculture.

Categories

Energy

Crude Oil

Refining margins, OPEC plus supply decisions, and the freight routes that move barrels to market.

Energy

Natural Gas

LNG export capacity, pipeline flows, and the seasonal demand swings driving Henry Hub pricing.

Metals

Gold

Central bank demand, rate expectations, and gold's role as the market's preferred hedge.

Metals

Silver

Industrial demand from solar and electronics manufacturing meets investment-driven price swings.

Forestry

Forestry and Lumber

From tropical hardwood origin markets to North American softwood, tracking supply, certification, and freight.

Agriculture

Agriculture

Cocoa, coffee, and the weather and logistics risks reshaping soft commodity supply chains.

Insights

Energy

Oil Market Report: Supply Cuts Reshape the Back Half of 2026

Global refining runs have fallen sharply this year as Middle East disruptions and feedstock constraints ripple through crude markets.

International Energy Agency · iea.org
Metals

Gold's Rate-Sensitive Rally Faces a September Test

Dovish comments from Fed Governor Christopher Waller have traders scaling back rate hike bets, keeping gold rangebound near multi-month levels.

Christopher Waller, Federal Reserve · via tradingeconomics.com
Energy

LNG Oversupply Wave Set to Reshape Gas Pricing in 2026

Thirty-seven million tonnes of new LNG capacity is hitting the market this year, with Asian demand recovery the key swing factor.

Kpler · kpler.com
Forestry

African Hardwoods Dominate the Global Luxury Timber Sector

Tightening forest management regulation and rising freight rates are projected to push African hardwood prices up sharply through year end.

YYW Timber · yywtimber.com
Agriculture

Cocoa and Coffee Rally Again as Volatility Whipsaws Markets

El Mamoun Amrouk of the FAO points to weather shocks and shifting logistics costs as the drivers behind this year's cocoa and coffee price swings.

El Mamoun Amrouk, FAO · via bloomberg.com

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