The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets

In this episode, Lucas and Luna dig into the strange disconnect between escalating geopolitical risk in the Strait of Hormuz and falling crude oil prices. With Brent crude down nearly six percent over the past week and WTI dropping past $70 a barrel, they unpack the real forces at play: softening global demand, rising OPEC+ spare capacity, and the market's shifting focus from supply shocks to econ...

Coffee futures have plunged 9.3% in the past week, even as the market digests the fallout from a devastating frost in Brazil's arabica-growing regions. Lucas and Luna examine why the fear trade is fading, the role of hedge fund positioning on the ICE exchange, and what the collapse in KC futures says about commodity momentum in a risk-off environment. They also explore the disconnect between physi...

Crude oil has plunged over 7% in the past five days even as a tanker was struck in the Strait of Hormuz amid escalating U.S.-Iran tensions. Lucas and Luna unpack the disconnect: why the market is shrugging off a supply chokepoint threat. They look at demand fears from a slowing global economy, the OPEC+ production picture, and what the futures curve says about trader sentiment. Plus, a quick hones...

Episode 76 of The Commodities Economy breaks down the coffee market's stunning rally in late June 2026, when coffee futures surged 3.5% in a single week even as crude oil, copper, silver, and cotton all tumbled. Lucas and Luna examine the weather-driven supply shock from Brazil's frost threat, the role of arabica inventory data from the ICE exchange, and why this coffee spike looks different from...

In this episode of The Commodities Economy, Lucas and Luna unpack why crude oil prices dropped more than 7% in five days even as headlines warned of Iranian drone attacks on ships in the Strait of Hormuz. They examine the disconnect between geopolitical risk and market pricing, the role of slowing global demand, and what the shift in oil's risk premium means for traders and consumers. With WTI cru...

Episode 74 of The Commodities Economy drills into a striking divergence in June 2026: corn futures are up 7.7% in the last five days while wheat and soybeans barely move. Lucas and Luna unpack the data behind the move – from ethanol blending mandates to export bookings and the U.S.-Iran peace deal's impact on fertilizer costs. They also connect the corn surge to the broader sell-off in gold and cr...

Episode 73 of The Commodities Economy looks at the soybean rally that has pushed prices up 3.7 percent in a week, while corn has barely moved. Lucas and Luna dig into the crop-cycle dynamics driving the divergence: a wet spring in the Midwest delayed corn planting but gave soybeans a window, and Chinese demand for protein feed is pulling in soybean exports. They also examine the broader commodity...

On this episode of The Commodities Economy, Lucas and Luna break down a striking divergence in the grain pits: soybeans are up nearly 2 percent over the past week while corn has barely budged. They examine the specific drivers behind soybean's strength — tight old-crop supplies, strong Chinese demand, and a late planting window that's squeezing yield expectations. The conversation also touches on...

In this episode of The Commodities Economy, Lucas and Luna break down why soybeans are surging while most other commodities—crude oil, copper, silver—are in a steep sell-off. As of June 24, 2026, soybeans are up 1% on the week, bucking the trend. They explore two key drivers: a surprise export deal with China that shifted demand expectations, and tightening domestic crush margins that suggest supp...

Arabica coffee futures surged 4.7% in the last week, pushing prices to levels not seen since 2019. Lucas and Luna break down why a late-season frost warning in Brazil's Minas Gerais region is roiling the market, how hedge funds have built the largest net-long position in two years, and what it means for your morning cup. They also explore the curious divergence between arabica and robusta prices,...

Gold has fallen five percent over the past week to around 4140 dollars an ounce. Silver has crashed more than twice as hard, down nearly 13 percent. In this episode, Lucas and Luna unpack why the two precious metals are diverging so sharply. They examine the industrial demand factor — silver is used in solar panels and electronics — and how recession fears in the factory sector are hammering that...

Silver has taken a brutal hit, dropping more than 11 percent in a single week, while gold remains stubbornly above $4,000. Lucas and Luna dig into the divergence: industrial demand from solar and electronics is softening, while precious-metals buyers are still parking cash in gold as a geopolitical hedge. They look at the ratio between the two metals, what it says about recession fears, and whethe...

Lucas and Luna break down the cotton rally that has pushed futures up more than 6 percent in five sessions while crude, gold, and silver tumble. They trace the story to a specific supply pinch in West Texas after a dry winter, combined with a surprise pickup in Chinese textile orders that caught the market short. Lucas explains why this is not just a weather play but a structural shift in how glob...

Corn futures have jumped 7% in a week to $4.42 per bushel, making it the hottest commodity in the market right now. Meanwhile, gold is slipping from record highs and oil is falling on Iran deal hopes. Lucas and Luna break down the USDA's June acreage report, the ethanol blending mandate, and why corn is stealing the spotlight from wheat and soybeans. They also explore what this means for food infl...

Corn futures have jumped nearly 7 percent in five days, even as cotton outpaces every major commodity this month. Lucas and Luna unpack the diverging stories behind the grain and fiber markets: why corn is catching a late-season bid from ethanol demand while Brazil's safrinha crop disappoints, and how cotton's 8 percent surge reflects a global textile rebound that is finally reaching U.S. growers....

Episode 64 of The Commodities Economy: Cotton futures have surged 8% in a week while crude oil, gold, and silver are all deep in the red. Lucas and Luna unpack the forces behind cotton's rally: a surprise recovery in global textile demand, shrinking planted acreage in the US and India, and a weaker dollar that's making US cotton more competitive. They also connect the dots to the broader commodity...

Episode 63 of The Commodities Economy digs into copper's surprising 2.2% weekly decline to $6.34 per pound, even as the energy transition narrative remains intact. Lucas and Luna explore two competing stories: short-term demand weakness from China's property sector versus long-term structural demand from electrification and AI infrastructure. They reference the 10-year breakeven inflation rate fal...

On this episode of The Commodities Economy, Lucas and Luna examine the surprising divergence in commodity markets as of June 20, 2026. Crude oil is down over five percent in the past week, gold has slipped nearly four percent, and silver is in freefall. But natural gas futures are up one point six percent, holding steady while everything else crumbles. They explore the specific drivers behind gas'...

Corn futures are treading water near $4.17 a bushel while wheat surges past $6.05, a 2.7 percent weekly gain. Lucas and Luna unpack the crop rotation dynamics behind the divergence: acres shifting from yellow corn to winter wheat, tightening global wheat stocks after weather setbacks in the Black Sea region, and the ethanol demand plateau that is capping corn's upside. They drill into the USDA's J...

Episode 60 of The Commodities Economy breaks down the perplexing 3.7% weekly drop in gold futures to 4,170, even as May CPI came in at 334.0 and core inflation remains elevated. Lucas and Luna explore three drivers: the U.S.-Iran accord reducing geopolitical risk, rising real yields on the ten-year Treasury, and the rotation out of safe havens into risk assets like coffee and cotton. They also dis...

Episode 59 of The Commodities Economy dives into the striking divergence between wheat and corn markets in June 2026. With wheat futures up 4% in a week to $6.13 per bushel while corn barely budges at $4.17, Lucas and Luna explore the fundamentals behind the split: a tightening global wheat supply due to drought in key exporting regions, robust demand from price-sensitive importers, and a surprisi...

In this episode of The Commodities Economy, Lucas and Luna investigate the surprising rally in wheat futures, which jumped 6% in the last five days to $6.25 per bushel, even as the dollar strengthened on hawkish Fed signals. They explore the specific supply-side disruption—a late-season frost in Russia's key growing regions—that is driving prices higher, and contrast it with the broader commodity...

Episode 57 of The Commodities Economy with Fexingo examines why cotton futures surged 9.3% in a week while crude oil tanked 10% and gold struggled. Hosts Lucas and Luna drill into the specific data: July cotton at 79.73 cents per pound, a sudden spike in global textile orders from China and Vietnam, and the tight U.S. export situation after a disappointing 2025 harvest. They explore how the USDA's...

Crude oil prices are tumbling despite heightened geopolitical tensions in the Middle East. WTI crude is down over 12 percent in the past five days, and Brent has lost more than 10 percent. Lucas and Luna explore the surprising disconnect: why oil is falling even as three Iranian tankers exit a U.S. blockade for the first time in months. They unpack the role of weakening global demand, rising OPEC+...

Episode 55 of The Commodities Economy digs into the recent coffee futures surge—up 7.7% in five days. Lucas and Luna explore how robusta supply constraints and shifting consumer habits are reshaping the market. They discuss the impact of Vietnam's drought, the rise of at-home espresso culture, and what this means for your morning cup. With data from June 16, 2026, they connect the coffee rally to...