This report is provided by MacroTerms.com

Data as of: 2026-10-12 · Settlement: Exchange final daily settlement
Generated: 2026-10-12 07:02:08 · Benchmark settle: 2026-10-12
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

Commodities Pre-Open Brief — 2026-10-12: Brent Holds 104.72 Settle, Soybeans Gap Lower in Asia

1) Brent settled 104.72 [settle 10-09], +2.42% 5D and 90.3% of its 20D range, with M1-M2 backwardation widening to 3.47; watch 105.73 (R1).
2) Gold settled 4216.3 [settle 10-09], +1.43% on the day but -4.37% over 20D, with managed money net length at 110,987 lots, down 9,331 w/w as price rose 0.18% (divergence); watch 4247.97 (R1).
3) Soybeans settled 1292 [settle 10-09] but trade 1264.07 in early Asia (-2.16% vs settle); watch 1274.75 (S1) on a settle basis.