Snowless Europe, The Silver Deficit and USDA’s Data Storm

In this episode, Emily Costa analyzes the deepening structural deficit in the silver market and the institutional fallout from the USDA's unprecedented corn acreage revisions. We explore the legal and political tug-of-war over Venezuela’s oil assets following the easing of U.S. sanctions and dive into the energy volatility gripping Europe as low snow cover forces a return to natural gas. From the output struggles at Codelco’s El Teniente to the shifting coal landscape in China, we break down the trends defining the commodities world on February 11, 2026.