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Metals Glut Warning, US Wheat Hits 1986 Low, & BP Stock Drops 10%
Description
In today’s episode of The Commodities Institute Podcast, we break down the sudden ousting of BP’s Chairman and its immediate impact on oil markets. We then pivot to the dry freight sector, where surging domestic prices have forced India to cancel massive soymeal export contracts and pivot to African imports. We also analyze the historic lows in US winter wheat crop ratings, examine the rapid acceleration of US-Thailand LNG negotiations following infrastructure damage in Qatar, and discuss why the multi-billion dollar rush into critical minerals might trigger a catastrophic global oversupply.
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