Record Imports, Rising Risks, and Strategic Stockpiles: Commodities at a Crossroads

In today’s episode, we explore how record-breaking energy and agricultural imports are colliding with geopolitical risk and shifting trade strategies. From China’s historic crude oil and soybean buying spree to drone attacks disrupting Black Sea energy flows, this episode connects the dots across oil, metals, agriculture, power markets, and dry freight—revealing how security, pricing, and policy are reshaping global commodity flows.