$100 Oil, 10M Ton Corn Boom, Jakarta Nickel Bourse, and China Soy Buys

Escalating naval hostilities near the Strait of Hormuz push Brent crude past $100 per barrel as maritime flows drop to 2 million barrels daily, while European gas storage sits at just 67% capacity ahead of winter. In freight markets, Argentine corn exports jump to a record 10 million metric tons to backfill disrupted Black Sea corridors, coinciding with China purchasing 1 million tons of American soybeans. Meanwhile, Indonesia finalizes a dedicated commodities exchange to establish pricing power over nickel and coal, as the London Metal Exchange prepares to launch a steel contract linked directly to Shanghai benchmarks. 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