Energy Price Signal Q4/26 Q1/27 Q2/27 Q3/27
Crude Oil 89.570 95.282 99.738 104.357 109.195
Brent 101.761 106.598 111.228 116.013 121.003
Natural gas 3.2822 3.2292 3.4405 3.6629 3.9000
Gasoline 3.2592 3.4300 3.5545 3.6821 3.8142
Heating Oil 4.6953 4.7103 4.9341 5.1659 5.4090
Coal 150.25 152.35 155.91 159.51 163.20
EU Gas 80.04 79.28 84.19 89.35 94.81
UK Gas 199.4500 200.1720 213.3054 227.1496 241.8966
Ethanol 2.0350 2.0759 2.1347 2.1945 2.2559
Naphtha 828.19 856.55 889.43 923.28 958.36
Propane 0.92 0.94 0.97 0.99 1.02
Uranium 89.8500 91.1241 92.3427 93.5570 94.7983
Methanol 3,850.00 3,995.44 4,149.92 4,308.15 4,472.93
Coking Coal 266.00 268.57 274.92 281.37 287.94
LNG JKM 25.88 26.91 28.19 29.53 30.93
Urals Oil 121.38 111.98 118.95 126.28 134.06
German Gas 78.96 79.94 84.45 89.15 94.11

Metals Price Signal Q4/26 Q1/27 Q2/27 Q3/27
Gold 4,133.19 4,237.22 4,338.92 4,441.60 4,546.76
Silver 60.310 63.601 67.084 70.724 74.557
Copper 6.7063 6.6435 6.8023 6.9627 7.1269
Steel 3,085.00 3,134.21 3,160.30 3,186.10 3,212.22
Iron Ore CNY 702.50 692.64 682.69 673.00 663.44
Lithium 122,800 126,443 130,279 134,184 138,211
Platinum 1,666.40 1,777.50 1,860.31 1,946.16 2,035.75
Aluminum Alloy 23,590.00 23,822.36 24,136.22 24,449.04 24,766.56
Cobalt Hydroxide 36,596.69 36,824.64 36,192.08 35,577.83 34,971.07
HRC Steel 1,317.10 1,323.21 1,336.86 1,350.48 1,364.23
Scrap Aluminum 2,659.88 2,644.07 2,664.23 2,684.18 2,704.13
Iron Ore 91.13 90.54 89.71 88.90 88.11
Silicon 8,540.00 8,398.12 8,255.62 8,116.42 7,980.63
Scrap Steel 395.50 404.83 409.80 414.80 419.88
Titanium 43.50 43.24 42.97 42.71 42.45

Agricultural Price Signal Q4/26 Q1/27 Q2/27 Q3/27
Soybeans 1,301.10 1,296.45 1,315.32 1,334.24 1,353.54
Wheat 686.29 698.26 714.21 730.33 746.86
Lumber 517.50 517.13 507.70 498.60 489.59
Cheese 1.4760 1.4180 1.3861 1.3552 1.3249
Palm Oil 4,524.00 4,605.86 4,679.21 4,753.59 4,828.41
Milk 15.04 14.69 14.44 14.19 13.95
Oat 428.3441 420.6036 433.6023 446.8705 460.5468
Wool 1,819.00 1,844.18 1,870.30 1,896.49 1,923.05
Cotton 80.304 80.284 81.743 83.218 84.717
Rice 16.7314 16.6900 17.0340 17.3825 17.7359
Canola 816.80 829.29 843.63 858.07 872.75
Sugar 20.83 20.36 20.81 21.27 21.73
Cocoa 5,582.00 5,400.30 5,137.59 4,890.38 4,655.07
Tea 200.61 221.42 244.90 270.60 298.99
Rubber 260.20 260.05 264.88 269.75 274.73
Orange Juice 146.55 128.07 121.17 114.72 108.59
Coffee 292.70 278.93 269.23 259.96 251.01
Sunflower Oil 1,515.10 1,521.86 1,532.56 1,543.29 1,554.17
Rapeseed 552.00 543.70 550.92 558.11 565.41
Barley 3,306.50 3,074.00 3,168.71 3,265.39 3,365.06
Butter 4,175.00 4,066.00 3,957.48 3,853.11 3,751.24
Corn 503.2279 506.2162 515.0219 523.8819 532.8912

Livestock Price Signal Q4/26 Q1/27 Q2/27 Q3/27
Beef 376.10 371.88 373.89 375.93 377.96
Feeder Cattle 338.1500 329.5621 324.4524 319.5000 314.6144
Poultry 8.40 8.44 8.54 8.65 8.75
Live Cattle 221.6000 215.8418 212.8097 209.8553 206.9227
Lean Hogs 76.9250 75.9421 74.0124 72.1590 70.3445
Eggs US 0.45 0.41 0.36 0.32 0.28
Salmon 75.31 81.53 89.17 97.43 106.46
Eggs CH 3,710.00 3,809.06 3,912.94 4,018.67 4,127.38

Industrial Price Signal Q4/26 Q1/27 Q2/27 Q3/27
Bitumen 4,816.00 4,692.22 4,822.89 4,955.37 5,091.49
Tin 54,184 56,143 58,054 60,010 62,036
Zinc 3,824.48 3,758.33 3,820.77 3,883.27 3,946.88
Nickel 15,753 15,832 16,159 16,489 16,824
Molybdenum 620.50 625.41 630.49 635.52 640.60
Palladium 1,144.00 1,116.85 1,062.64 1,011.63 963.09
Cobalt 39,245 39,744 40,369 40,999 41,641
Lead 1,906.30 1,832.31 1,813.98 1,796.03 1,778.26
Aluminum 3,122.75 3,150.80 3,206.22 3,261.98 3,318.66
Rhodium 9,000 9,269 9,446 9,623 9,803
Kraft Pulp 4,798.00 4,728.25 4,657.90 4,589.29 4,522.12
Phosphorus 1,021.00 1,017.87 1,014.67 1,011.50 1,008.44
Polyethylene 8,189.00 8,389.78 8,583.85 8,780.74 8,981.74
Polyvinyl 4,906.00 4,941.42 5,031.24 5,122.03 5,214.27
Polypropylene 8,573.00 8,820.38 9,060.93 9,305.77 9,557.49
Synthetic Rubber 16,175.00 16,459.72 16,755.68 17,054.92 17,357.39
Soda Ash 1,050.00 1,043.25 1,036.35 1,029.63 1,023.02
Neodymium 947,500 965,396 984,074 1,002,834 1,021,974
Styrene 10,610.00 10,928.96 11,264.64 11,607.34 11,960.65
Sulfur 7,702.33 7,946.83 8,204.52 8,467.94 8,739.83
Tellurium 798.50 804.19 810.08 815.91 821.74
Urea 422.00 462.44 479.32 496.64 514.55
Di-ammonium 800.00 812.42 822.72 833.00 843.35
Magnesium 16,750 16,644 16,536 16,430 16,325
Gallium 1,740.00 1,758.93 1,778.45 1,798.12 1,817.78
Germanium 27,250 27,595 27,953 28,310 28,672
Manganese 28.85 28.61 28.36 28.12 27.88
Indium 5,250 5,365 5,485 5,606 5,730

Index Price Signal Q4/26 Q1/27 Q2/27 Q3/27
Baltic Dry 2,994.00 3,256.64 3,371.51 3,489.24 3,611.07
CRB Index 533.80 537.25 546.13 555.01 564.05
SSE Commodity Index 6,992.54 6,969.99 6,838.58 6,711.48 6,587.22
Commodity Index 729.51 745.86 762.10 778.46 795.18
Containerized Freight Index 3,662.30 3,780.36 3,905.11 4,032.19 4,163.66
TE Crack Spread Index 67.43 69.22 73.43 77.85 82.52
TE Grains Index 291.14 291.93 297.04 302.17 307.40
TE Metals Index 6,930.24 6,905.44 7,024.21 7,143.74 7,265.30
TE Soft Index 51.14 49.07 48.05 47.06 46.09
EU Carbon Permits 85.25 86.32 88.29 90.30 92.35
Wind Energy Index 22.24 23.22 23.66 24.10 24.55
Nuclear Energy Index 40.12 38.09 36.32 34.65 33.06
Solar Energy Index 43.70 42.42 40.78 39.21 37.71