Energy Price Signal Q4/25 Q1/26 Q2/26 Q3/26
Crude Oil 59.750 62.037 64.194 65.858 67.572
Brent 63.630 65.806 67.918 69.544 71.215
Natural gas 4.3150 4.2791 4.6024 4.8618 5.1360
Gasoline 1.9431 1.9287 1.9904 2.0379 2.0866
Heating Oil 2.4803 2.4403 2.5236 2.5879 2.6538
Coal 110.65 110.28 112.37 113.97 115.59
TTF Gas 31.21 32.12 33.83 35.18 36.58
UK Gas 81.0500 82.8033 86.9031 90.1193 93.4487
Ethanol 1.6875 1.6901 1.7463 1.7898 1.8344
Naphtha 539.85 533.80 545.79 554.97 564.26
Uranium 77.4500 83.2460 84.9544 86.2646 87.5912
Propane 0.63 0.69 0.71 0.73 0.75
Methanol 2,098.00 2,157.10 2,214.16 2,258.02 2,302.73
Coking Coal 201.00 202.16 206.54 209.88 213.28
German Gas 32.52 33.05 34.62 35.85 37.13
Urals Oil 56.56 59.12 61.41 63.20 65.04

Metals Price Signal Q4/25 Q1/26 Q2/26 Q3/26
Gold 4,000.98 4,046.08 4,130.17 4,194.64 4,260.31
Silver 48.500 49.525 51.001 52.138 53.299
Copper 4.9399 5.1929 5.4083 5.5757 5.7487
Steel 3,029.00 3,039.40 2,984.80 2,944.32 2,904.76
Lithium 80,400 81,173 82,427 83,385 84,352
Iron Ore CNY 763.50 803.10 821.55 835.69 850.06
Platinum 1,541.00 1,589.73 1,648.83 1,694.56 1,741.70
HRC Steel 847.00 864.45 891.85 912.95 934.57
Iron Ore 103.34 106.57 108.06 109.20 110.35
Silicon 9,235.00 8,561.96 8,291.10 8,093.61 7,900.47
Scrap Steel 349.50 347.12 342.41 338.91 335.45
Titanium 46.00 46.66 46.97 47.22 47.46

Agricultural Price Signal Q4/25 Q1/26 Q2/26 Q3/26
Soybeans 1,101.75 1,109.72 1,129.88 1,145.28 1,160.79
Wheat 527.25 526.99 513.68 503.91 494.31
Lumber 530.50 530.22 512.04 498.82 485.93
Palm Oil 4,110.00 4,148.93 4,038.48 3,957.75 3,878.69
Cheese 1.7490 1.7148 1.6654 1.6292 1.5938
Milk 17.20 16.70 16.29 15.99 15.70
Rubber 169.50 172.49 168.13 164.93 161.79
Orange Juice 171.70 162.96 151.73 143.85 136.39
Coffee 411.40 401.33 418.28 431.49 445.13
Cotton 63.525 64.728 63.149 61.996 60.862
Rice 10.0072 10.0421 9.8095 9.6388 9.4712
Canola 626.80 613.71 595.83 582.75 569.99
Oat 290.7354 284.2435 273.9472 266.5073 259.2699
Wool 1,419.00 1,424.40 1,447.34 1,464.86 1,482.66
Sugar 14.13 14.22 13.82 13.53 13.25
Cocoa 6,013.00 5,961.96 5,596.79 5,339.07 5,093.03
Tea 202.14 183.52 150.13 129.39 111.50
Sunflower Oil 1,401.70 1,419.27 1,436.16 1,448.85 1,461.83
Rapeseed 478.25 473.78 461.04 451.72 442.60
Barley 2,305.00 2,287.09 2,240.72 2,206.76 2,173.26
Butter 5,156.00 5,140.62 5,046.89 4,977.89 4,909.40
Potatoes 7.50 6.99 6.06 5.45 4.89
Corn 426.7500 435.6835 445.1799 452.4207 459.7908

Livestock Price Signal Q4/25 Q1/26 Q2/26 Q3/26
Feeder Cattle 325.8873 341.1535 346.6920 350.9220 355.2197
Live Cattle 221.5250 231.6601 235.6263 238.6353 241.6903
Lean Hogs 79.4000 79.9042 77.2113 75.2607 73.3588
Beef 323.70 316.92 313.08 310.21 307.40
Poultry 8.09 8.14 8.27 8.36 8.45
Eggs US 1.86 1.55 1.45 1.38 1.31
Eggs CH 3,209.00 3,070.85 2,928.32 2,826.14 2,727.42
Salmon 78.20 80.79 93.72 104.86 117.33

Industrial Price Signal Q4/25 Q1/26 Q2/26 Q3/26
Bitumen 3,023.00 3,232.81 3,165.07 3,115.41 3,066.73
Cobalt 48,570 49,253 50,639 51,708 52,800
Lead 2,052.43 2,011.30 1,981.24 1,959.15 1,937.06
Aluminum 2,856.95 2,918.78 2,971.81 3,012.30 3,053.09
Tin 35,845 36,288 37,295 38,072 38,863
Zinc 3,066.55 3,022.50 2,958.65 2,911.61 2,865.17
Nickel 15,020 15,098 14,796 14,574 14,355
Molybdenum 485.50 505.74 516.32 524.42 532.68
Palladium 1,400.00 1,476.89 1,542.25 1,593.26 1,646.00
Rhodium 8,075 8,318 8,558 8,743 8,931
Phosphorus 1,025.00 1,021.99 1,015.98 1,011.57 1,007.06
Polyethylene 6,776.00 6,861.91 6,758.44 6,682.38 6,607.02
Polyvinyl 4,578.00 4,645.17 4,571.97 4,518.13 4,464.76
Polypropylene 6,427.00 6,561.85 6,513.55 6,477.99 6,442.43
Synthetic Rubber 10,641.67 11,208.11 11,058.79 10,948.22 10,838.77
Soda Ash 1,194.00 1,177.54 1,160.74 1,148.29 1,136.07
Neodymium 695,000 686,936 700,944 711,688 722,568
Sulfur 3,201.00 3,322.87 3,400.92 3,460.70 3,521.79
Tellurium 690.00 656.04 648.19 642.31 636.57
Urea 379.00 406.20 422.99 436.05 449.50
Di-ammonium 725.00 730.36 741.17 749.43 757.70
Magnesium 17,250 17,007 16,821 16,683 16,546
Gallium 1,665.00 1,661.63 1,615.58 1,582.05 1,549.19
Germanium 13,950 13,964 13,843 13,753 13,665
Manganese 29.75 29.88 30.15 30.36 30.57
Indium 2,505 2,485 2,446 2,417 2,389
Kraft Pulp 4,872.00 4,795.75 4,712.21 4,650.29 4,589.33

Index Price Signal Q4/25 Q1/26 Q2/26 Q3/26
Baltic Dry 2,104.00 2,024.06 2,144.12 2,239.08 2,338.16
CRB Index 375.09 379.83 385.85 390.45 395.12
LME Index 4,700.00 4,739.48 4,819.38 4,880.01 4,941.58
GSCI 553.61 561.64 571.03 578.16 585.35
SSE Commodity Index 8,349.57 8,568.51 8,732.04 8,856.80 8,983.27
Containerized Freight Index 1,495.10 1,509.14 1,428.50 1,371.13 1,315.92
Nuclear Energy Index 48.40 56.57 59.29 61.42 63.62
Solar Energy Index 50.69 50.27 52.68 54.56 56.52
EU Carbon Permits 79.47 79.71 82.10 83.94 85.82
Wind Energy Index 20.42 20.49 21.01 21.41 21.82