RoboMacro Research

Commodities Daily

Energy sold off hard; palladium jumped 10.39% as gold slipped

August 28, 2026
Covering the August 28, 2026 session · COT 25 Aug

Energy finished lower across the printed complex, Brent down 4.82% and WTI 2.83%, with natural gas off 4.59% and heating oil 1.92%. Precious metals diverged as gold eased 0.14% while palladium surged 10.39%, silver rose 2.61% and platinum 3.44%; copper advanced 1.09%. Soybean oil and meal posted firm gains, sugar and cotton weakened, and livestock split with feeders lower and hogs higher.

close28 Aug
COT report25 Aug
built31 Aug 11:46 UTC
price dates span3d

All 23 markets

MarketLast1d1wNet (MM)z 52w
Energy
WTI Crude Oil83.90-2.83%-6.52%84,020+0.80
Brent Crude Oil88.24-4.82%-6.13%7,126-1.17
RBOB Gasoline3.05——79,652+0.98
Heating Oil (ULSD)4.19-1.92%-8.36%16,641+0.04
Natural Gas2.70-4.59%-8.16%-71,673+0.02
Precious Metals
Gold4,562.75-0.14%-0.42%144,747+1.39
Silver70.26+2.61%+1.08%14,073-0.20
Platinum1,883.95+3.44%-0.26%10,228-0.10
Palladium1,443.90+10.39%+6.10%-5,499-1.25
Base Metals
Copper6.66+1.09%+1.21%76,271+1.36
Grains
Corn5.37——317,448+1.91
Wheat (SRW)7.84——-13,597+1.06
Wheat (HRW)8.44——42,514+1.53
Soybeans12.88——200,679+1.01
Soybean Oil0.71+4.50%+2.47%85,116+0.40
Soybean Meal348.90+5.66%+9.82%95,953+0.96
Softs
Sugar No. 110.18-3.46%-0.28%198,017+4.13
Coffee C3.13——31,188-0.08
Cocoa6,636.00——-10,458-0.47
Cotton No. 20.90-1.25%+3.27%88,293+1.93
Livestock
Live Cattle2.12——59,729-2.37
Feeder Cattle3.17-5.16%-5.44%8,886-1.75
Lean Hogs0.82+1.58%+1.27%-36,098-1.55
Cross-section of 23 commodity markets | n 23 | WTI Crude Oil last 83.9 1d -2.83% net 84020 z 0.7976302614557397 | Brent Crude Oil last 88.24 1d -4.82% net 7126 z -1.1664464638482037 | RBOB Gasoline last 3.0502 1d None% net 79652 z 0.9754802958720077 | Heating Oil (ULSD) last 4.186 1d -1.92% net 16641 z 0.04113724254789871 | Natural Gas last 2.7 1d -4.59% net -71673 z 0.017101451632145468 | Gold last 4562.75 1d -0.14% net 144747 z 1.3884833737755133 | Silver last 70.26 1d 2.61% net 14073 z -0.19673898568287546 | Platinum last 1883.95 1d 3.44% net 10228 z -0.10095993452318439 | Palladium last 1443.9 1d 10.39% net -5499 z -1.2521461881518576 | Copper last 6.659 1d 1.09% net 76271 z 1.3589874586450192 | Corn last 5.365 1d None% net 317448 z 1.9075887168461947 | Wheat (SRW) last 7.84 1d None% net -13597 z 1.062662769919815 | Wheat (HRW) last 8.4425 1d None% net 42514 z 1.5348834259536939 | Soybeans last 12.88 1d None% net 200679 z 1.0061161868819402 | Soybean Oil last 0.7106 1d 4.5% net 85116 z 0.39973684717136415 | Soybean Meal last 348.9 1d 5.66% net 95953 z 0.958110742703066 | Sugar No. 11 last 0.1756 1d -3.46% net 198017 z 4.126551277668864 | Coffee C last 3.126 1d None% net 31188 z -0.08106493643294738 | Cocoa last 6636.0 1d None% net -10458 z -0.4710974232564838 | Cotton No. 2 last 0.8992 1d -1.25% net 88293 z 1.93125258273483 | Live Cattle last 2.11725 1d None% net 59729 z -2.369867734109936 | Feeder Cattle last 3.16525 1d -5.16% net 8886 z -1.7512636453387582 | Lean Hogs last 0.819 1d 1.58% net -36098 z -1.5475372289146645

Net position is managed money longs minus shorts, in contracts; a positive number is a net long. Net positions are as of the 25 Aug report; prices are the 28 Aug close.

Energy

Energy was softer, 4 of 4 lower.

WTI fell 2.83% to 83.9 $/bbl and 6.52% on the week, Brent 4.82% to 88.24 $/bbl, heating oil 1.92% to 4.186 $/gal and natural gas 4.59% to 2.7 $/MMBtu as Venezuela considers leaving OPEC in a blow to the oil cartel, with managed-money WTI net 84020 (−3459), Brent 7126 (+290), RBOB 79652 (+5571), heating oil 16641 (+758) and natural gas −71673 (+28407).

Brent Crude Oil added to a heavily short net long.

Headlines

Precious Metals

Precious Metals were firmer, 3 of 4 higher.

Gold eased 0.14% to 4562.75 $/oz, dipping to the lowest in a week as Kevin Warsh’s Jackson Hole speech pushed markets to reprice the Fed rate outlook, while silver rose 2.61% to 70.26 $/oz, platinum 3.44% to 1883.95 and palladium 10.39% to 1443.9; managed-money gold net 144747 (+3099), silver 14073 (+2378), platinum 10228 (+3014) and palladium −5499 (−182).

Gold added to a extended net long; Palladium added to a heavily short net short.

Headlines

Base Metals

Base Metals were firmer, 1 of 1 higher.

Copper advanced 1.09% to 6.659 $/lb and 1.21% on the week, up 18.28% ytd, with data centres turning copper into a hot commodity; managed-money net stood at 76271 after a 2377 reduction.

Copper trimmed a extended net long.

Headlines

Grains

Grains were firmer, 2 of 2 higher.

Soybean oil rose 4.5% to 0.7106 $/lb and soybean meal 5.66% to 348.9 $/short ton, with corn last 5.365 $/bu, SRW wheat 7.84, HRW wheat 8.4425 and soybeans 12.88; managed-money corn net 317448 (+135756), SRW wheat −13597 (+11731), HRW 42514 (+11017), soybeans 200679 (+48897), soybean oil 85116 (−6117) and meal 95953 (+12638).

Corn added to a extended net long; Wheat (SRW) covered a extended net short; Wheat (HRW) added to a extended net long; Soybeans added to a extended net long.

Headlines

Softs

Softs were softer, 2 of 2 lower.

Sugar No. 11 dropped 3.46% to 0.1756 $/lb and cotton 1.25% to 0.8992 $/lb, coffee last 3.126 $/lb and cocoa 6636.0 $/mt; managed-money sugar net 198017 (+59404), cotton 88293 (+15621), coffee 31188 (−424) and cocoa −10458 (−1087).

Sugar No. 11 added to a stretched net long; Cotton No. 2 added to a extended net long.

Headlines

Livestock

Livestock was mixed, 1 of 2 higher.

Feeder cattle fell 5.16% to 3.16525 $/lb and 5.44% on the week, lean hogs rose 1.58% to 0.819 $/lb and live cattle last 2.11725 $/lb; managed-money live cattle net 59729 (−3238), feeder cattle 8886 (−1375) and lean hogs −36098 (−7101).

Live Cattle trimmed a washed out net long; Feeder Cattle trimmed a heavily short net long; Lean Hogs added to a heavily short net short.

Headlines

Books against the session

Managed-money net position expressed as a z-score over 52 weeks, against the session price change. Live cross-section.

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Contract rolls. A continuous front-month series is two different contracts either side of a roll, and the change across that seam measures the calendar spread rather than the tape. RBOB Gasoline: the two closes belong to two different contracts (RBU26.NYM then RBV26.NYM) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Corn: the two closes belong to two different contracts (ZCU26.CBT then ZCZ26.CBT) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Wheat (SRW): the two closes belong to two different contracts (ZWU26.CBT then ZWZ26.CBT) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Wheat (HRW): the two closes belong to two different contracts (KEU26.CBT then KEZ26.CBT) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Soybeans: the two closes belong to two different contracts (ZSU26.CBT then ZSX26.CBT) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Coffee C: the two closes belong to two different contracts (KCU26.NYB then KCZ26.NYB) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Cocoa: the two closes belong to two different contracts (CCU26.NYB then CCZ26.NYB) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld. Live Cattle: the two closes belong to two different contracts (LEQ26.CME then LEV26.CME) — the change is the calendar spread, not a session move. The level shown is current; the change is withheld.