The latest Market Talks covering Commodities. Published exclusively on Dow Jones Newswires throughout the day.
1149 ET - Retail orange juice prices stayed at a record-high for a second-straight month, says Nielsen in its latest report published Friday. The firm says that the average cost for a gallon of orange juice held at a record $11.82 for the second straight month. Meanwhile, after showing recovery late last year, gallons of OJ sold has been on a multi-month decline. Through mid-June, sales of OJ were 19.71 million gallons. That's off from 25 million gallons in December, which was the highest since January 2025. FCOJ futures on the Intercontinental Exchange are up 6.2% to $1.51 a pound. That's the lowest futures have been since 2022. (kirk.maltais@wsj.com)
1048 ET - With oil flows through the Strait of Hormuz back to around 80% of pre-war levels, Barclays trims its Brent price estimates to $96 a barrel from $100 for 2026 and to $85 from $88 for 2027. "The recovery in oil flow through the Strait of Hormuz has been very strong, but the backlog has been largely depleted and Iran's insistence on fees and coordination might slow further progress," Amarpreet Singh says in a note. He expects inventory withdrawals to continue for at least a few more weeks, largely due to a lag in production recovery. "It might take almost a year to fill the inventory void created by the war, and it might take longer still for inventories in OECD to fully recover, based on the historical trend," he adds.(anthony.harrup@wsj.com)
1029 ET - Yesterday's quarterly Hogs and Pigs report from the USDA is supporting higher hog futures, with the most-active contract up 0.6%. The report showed that there's the potential for a tighter supply in the second half of this year, says Joe Davis of Futures International in a note. "Producers intend to farrow 2.2% fewer sows this summer and 0.6% fewer this fall, suggesting potential supply tightening later in the year," says Davis. But he adds that even with a "mildly bullish" report, lean hog futures may have further downside. "Charts still need stronger gains to confirm a bottom," says Davis. Live cattle futures fall 0.4%. (kirk.maltais@wsj.com)
1000 ET - CBOT grain futures are lower as traders await next week's reports from the USDA showing planted acreage and quarterly stocks. The planting report comes with the spring planting season concluded. Many traders and analysts are anticipating that the USDA will show more acres were planted than previously thought -- especially for wheat and soybeans. "Generally bearish stocks and acreage numbers are expected from the USDA Tuesday," says Matt Zeller of StoneX in a note. The quarterly stocks report is expected to show larger inventories of grains than seen at this time last year. Both reports are scheduled to be published at noon ET Tuesday. CBOT corn is down 0.1%, while soybeans drop 0.5% and wheat is down 2.3%. (kirk.maltais@wsj.com)
0955 ET - A wave of above-normal temperatures moving across the U.S. the next two weeks is keeping a bid in natural gas as the July contract is set to expire. "While trader positioning into July final settlement will dictate today's session, next week could see record heat into the start of the 4th of July holiday weekend and strengthening physical demand to create an upward bias for Nymex futures," Eli Rubin of EBW Analytics says in a note. Production is rising, however, leaving a softer medium-term outlook, he adds. The Nymex July contract is up 0.5% at $3.360/mmBtu and gas for August delivery rises 1% to $3.328. (anthony.harrup@wsj.com)
0907 ET - Oil futures resume their decline and are again probing pre-war levels as the market focuses on increased flows out of the Persian Gulf. "Traffic through the Strait of Hormuz has improved but it has not been plain sailing," Kieran Tompkins of Capital Economics says in a note, pointing to yesterday's attack on a cargo ship and reports that Iran turned several tankers around. The firm expects half of the region's shut-in production to be back within a month and to reach pre-war levels in 4Q. "National oil companies are gearing up to sell more oil in July, suggesting that their outlook has become more positive," Tompkins adds. WTI is down 3.5% at $69.40 a barrel and Brent is off 3.9% at $72.34. (anthony.harrup@wsj.com)
0631 ET - Palm oil prices ended higher, supported by stronger export estimates, according to David Ng, a trader at Kuala Lumpur-based Iceberg X. However, falling crude oil prices may have a negative impact on palm oil, Ng says. He sees prices of crude palm oil supported above 4,500 ringgit a ton and resistance at 4,700 ringgit a ton. The Bursa Malaysia Derivatives contract for September delivery rose 9 ringgit to 4,566 ringgit a ton. (tracy.qu@wsj.com)
0330 ET - Gold prices bounced back above $4,000 a troy ounce, but are still headed for a weekly loss as investors weigh the monetary policy outlook and developments in the Middle East. "Gold is heading for a fourth weekly loss, with investor sentiment still shaken by the recent selloff as markets adjust to the twin headwinds of a hawkish Fed and a stronger dollar," analysts at Saxo Bank say. "While the technical breakdown continues to weigh on sentiment, continued declines in energy prices and softer bond yields may eventually reduce pressure on the Federal Reserve to tighten policy further, potentially offering some support to the precious metal." In early trading, New York futures are flat at $4,047.30 an ounce, down nearly 5% on the week. (giulia.petroni@wsj.com)
0311 ET - Comex gold futures' overall technical setup is still bearish, RHB Retail Research's Aiman Kamil Bin Ahmad Shauqi says in a note. The futures' relative strength index on the daily chart is now trending below the 50% threshold, the analyst notes. If bearish momentum persists in coming sessions, the commodity could fall below support at $4,000 per ounce and test subsequent support at $3,700 an ounce. On the upside, the commodity's initial resistance is pegged at $4,400 per ounce, the analyst adds. Spot gold is 0.1% higher at $4,029.67 per ounce. (ronnie.harui@wsj.com)
0134 ET - Merdeka Copper Gold stands to gain from higher copper prices and rising gold output, Maybank Sekuritas Indonesia analysts say in a research report. With copper prices holding at elevated levels through 2Q, the brokerage has lifted its long-run copper price assumption to $9,260 a ton from around $8,000 a ton. The copper and gold miner's Pani gold mine has also delivered its first gold in 1Q, says the brokerage, which estimates the Indonesian group's gold production will rise to 165,000 ounces in 2026 and 465,000 ounces by 2030 from 103,000 ounces last year. The brokerage raises the stock's target price to 3,800 rupiah from 2,800 rupiah, with an unchanged buy rating. Shares are 4.8% lower at 2,760 rupiah. (ronnie.harui@wsj.com)
2259 ET - Iron ore is lower in early Asian trading. Higher coke prices are still squeezing steel mills' margins, prompting greater caution toward additional ore purchases, according to ANZ research analysts in commentary. There is further downside for iron ore prices as shipments from nonmainstream ore remain at a high level, Nanhua Futures analysts say in commentary. The most-traded iron-ore contract on the Dalian Commodity Exchange is down 1.1% at 734.5 yuan a ton. (tracy.qu@wsj.com)
2245 ET - Palm oil rises in Asian trade. Technical analysis suggests selling pressure may be easing in the near term after recent losses, AmInvestment Bank says in a note. A sustained break above the 4,654 ringgit-4,690 ringgit a ton resistance zone could improve market sentiment and pave the way for further gains. Meanwhile, a failure to hold above the 4,580 ringgit a ton level may trigger renewed profit-taking, it adds. The Bursa Malaysia Derivatives contract for September delivery is higher by 45 ringgit at 4,602 ringgit a ton. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
June 26, 2026 12:15 ET (16:15 GMT)
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