Commodity trader Mercuria accused the Baltic Exchange of continuing to publish the world’s benchmark oil tanker rate, despite distortions caused by the Iran war, because it feared losing business to a competitor

Commodity exchanges are urging US regulators to withhold approval of Kalshi’s proposed perpetual oil futures contract and close a loophole that gives retail traders access to offshore platforms

Commodity prices over last year... Heating Oil: +127% Brent Crude +80% Gasoline: +79% WTI Crude: +77% Copper: +32% Sugar: +32% Wheat: +31% Cotton: +26% Soybeans: +25% Corn: +12% Aluminum: +8% Natural Gas: +7% Silver: +5% Gold: -4% Live Cattle: -8% Lumber: -15% Coffee: -23%

Commodity Discovery Fund (@CommodityFund) Founder Willem Middelkoop on where Bitcoin is in the cycle: "I think that correction is over now. We have a very early phase of a new boom market also for Bitcoin." "I expect some very strong moves up in the months and quarters ahead."

Commodity Discovery Fund (@CommodityFund) Founder Willem Middelkoop: "I think we're in the last inning of the current dollar system." "Especially central banks have been buying less [Treasuries], have been buying much more physical gold."

COMMODITY TRADING: Gunvor will rename itself Centalion and relocate its corporate headquarters from Cyprus to Singapore. "Centalion’s main trading offices will, in addition to Singapore, remain in Geneva and Houston, where the Company’s Chairman and CEO is based."

Commodity prices are skyrocketing: The Bloomberg Commodity Index is up +37.3% YoY, near its largest 12-month increase since the 2022 energy crisis. This index covers 25 exchange-traded futures contracts across energy, metals, and agriculture. This is an even bigger YoY increase than before the 2008 Financial Crisis. Year-to-date, the Bloomberg Commodity Index is up +32%. Furthermore, the Bloomberg Commodity Subindex, which includes agriculture, livestock, energy, and copper, jumped +44.9% YoY, its largest 12-month increase since 2022. Commodity inflation is making a powerful comeback.

Commodity-backed RWAs are coming to townsquare soon townGOLD: gold-vault backed asset token, redeemable for underlying gold share and vault shares townMINE: mine-backed asset token, access to underlying mining-generated yield townsquare, providing access to RWA yield for everyone

Commodity formation playbook: Gold → London Fix (1919) → futures market Oil → posted prices → spot market → Brent/WTI Electricity → bilateral → pools → day-ahead markets Compute → ? We're watching the pattern repeat in real-time. 🔗 Join the Waitlist: