Red Sea U-Turns, Copper Drops 27%, Argentina Corn Surges, ND Wheat Yields 46

Red Sea tanker diversions and escalations in the Middle East force energy realignments as Egypt negotiates multi-year gas contracts facing an eleven billion dollar import bill, while U.S. refiners bypass intermediaries for Venezuelan crude. Global copper markets face severe backwardation as London exchange inventories collapse by twenty-seven percent amid tariff speculation. In freight markets, Argentina is projected to eclipse Brazil in corn exports with forty-five million metric tons as shipments to Iran stall. Meanwhile, extreme heat drives down North Dakota spring wheat yield estimates to forty-six bushels per acre.https://www.commoditiesinstitute.comFOLLOW US @commoditiesinstituteInstagram - https://www.instagram.com/commoditiesinstituteFacebook - https://www.facebook.com/61584221970761TikTok - https://www.tiktok.com/@commoditiesinstituteYouTube - https://www.youtube.com/@commoditiesinstituteListen to the Podcast:Spotify Podcast - https://open.spotify.com/show/6eO2y40mmH5J8boeF0ANjJApple Podcast - https://podcasts.apple.com/us/podcast/the-commodities-institute-podcast/id1826784341Commodities Market Oil Metals News Trading Agriculture Policy Politics Energy