Energy Price Signal Q1/26 Q2/26 Q3/26 Q4/26
Crude Oil 98.710 99.271 104.741 107.890 111.138
Brent 103.140 103.664 108.761 111.690 114.692
Natural gas 3.1310 3.1720 3.5806 3.8292 4.0950
Gasoline 3.0414 3.0564 3.2023 3.2859 3.3717
Heating Oil 4.0147 4.0398 4.2849 4.4266 4.5731
Coal 137.30 137.74 142.01 144.43 146.88
TTF Gas 50.12 50.60 55.34 58.15 61.10
UK Gas 127.7900 129.1152 142.2047 150.0127 158.2551
Ethanol 1.8950 1.9056 2.0085 2.0676 2.1287
Naphtha 799.00 802.01 831.12 847.66 864.52
Uranium 85.6500 85.9202 88.5364 90.0096 91.5170
Propane 0.77 0.78 0.81 0.84 0.86
Methanol 2,811.00 2,823.27 2,942.27 3,010.30 3,080.01
Coking Coal 222.50 223.40 232.18 237.16 242.26
German Gas 50.78 51.22 55.56 58.11 60.79
Urals Oil 89.12 89.68 95.14 98.29 101.56

Metals Price Signal Q1/26 Q2/26 Q3/26 Q4/26
Gold 5,022.11 5,042.03 5,235.05 5,345.03 5,457.53
Silver 80.535 81.269 88.484 92.753 97.222
Copper 5.7145 5.7496 6.0922 6.2900 6.4945
Steel 3,134.00 3,127.13 3,061.60 3,026.19 2,991.09
Lithium 159,000 159,769 167,252 171,529 175,918
Iron Ore CNY 811.50 813.95 837.71 851.10 864.73
Platinum 2,042.10 2,059.26 2,227.93 2,326.97 2,430.51
HRC Steel 1,060.00 1,064.00 1,102.82 1,124.87 1,147.34
Iron Ore 105.14 105.30 106.83 107.68 108.55
Silicon 8,635.00 8,593.41 8,200.66 7,990.83 7,787.04
Scrap Steel 390.50 391.19 397.80 401.51 405.22
Titanium 46.50 46.45 46.01 45.77 45.52

Agricultural Price Signal Q1/26 Q2/26 Q3/26 Q4/26
Soybeans 1,225.25 1,228.21 1,256.86 1,272.91 1,289.21
Wheat 613.75 615.92 636.89 648.86 660.95
Lumber 600.00 597.20 570.72 556.62 542.88
Palm Oil 4,572.00 4,586.34 4,725.16 4,803.34 4,883.35
Cheese 1.6230 1.6153 1.5422 1.5034 1.4654
Milk 16.18 16.13 15.63 15.37 15.11
Rubber 198.10 198.78 205.41 209.17 213.00
Orange Juice 199.30 197.08 176.52 166.12 156.33
Coffee 285.15 283.48 267.76 259.46 251.39
Cotton 65.850 65.676 64.019 63.124 62.241
Rice 11.3750 11.3322 10.9268 10.7096 10.4957
Canola 739.90 742.35 766.02 779.41 793.10
Oat 376.2500 378.0338 395.3635 405.2965 415.4553
Wool 1,783.00 1,787.88 1,835.06 1,861.63 1,888.73
Sugar 14.37 14.32 13.81 13.54 13.28
Cocoa 3,297.00 3,269.85 3,015.77 2,884.22 2,758.60
Tea 149.61 164.30 207.05 235.42 267.68
Sunflower Oil 1,636.30 1,638.53 1,660.03 1,671.97 1,683.92
Rapeseed 511.25 512.91 528.99 538.09 547.34
Barley 2,100.00 2,104.32 2,145.99 2,169.51 2,193.03
Butter 4,850.00 4,831.13 4,652.12 4,556.58 4,462.49
Potatoes 3.10 3.04 2.49 2.23 1.99
Corn 467.2500 468.6268 481.9217 489.4444 497.1073

Livestock Price Signal Q1/26 Q2/26 Q3/26 Q4/26
Feeder Cattle 349.4750 350.4454 359.8195 365.1315 370.4784
Live Cattle 230.9000 231.5368 237.6885 241.1520 244.6847
Lean Hogs 93.4500 93.8984 98.2533 100.7578 103.3090
Beef 346.60 347.07 351.63 354.16 356.69
Poultry 7.07 7.05 6.91 6.82 6.74
Eggs US 1.18 1.16 1.00 0.92 0.85
Eggs CH 3,456.00 3,476.30 3,674.42 3,788.47 3,906.32
Salmon 70.92 69.50 56.68 50.67 45.30

Industrial Price Signal Q1/26 Q2/26 Q3/26 Q4/26
Bitumen 4,235.00 4,250.12 4,396.78 4,479.78 4,564.48
Cobalt 56,290 56,489 58,412 59,510 60,619
Lead 1,894.98 1,891.15 1,854.62 1,834.72 1,815.20
Aluminum 3,420.00 3,428.79 3,513.71 3,561.59 3,609.81
Tin 49,388 49,694 52,682 54,411 56,194
Zinc 3,290.30 3,299.93 3,392.96 3,445.60 3,499.23
Nickel 17,320 17,387 18,034 18,403 18,777
Molybdenum 535.00 536.71 553.24 562.61 572.08
Palladium 1,580.00 1,593.55 1,726.78 1,805.15 1,886.99
Rhodium 11,500 11,550 12,037 12,315 12,601
Phosphorus 1,025.00 1,024.77 1,022.54 1,021.31 1,020.08
Polyethylene 8,430.00 8,410.02 8,593.22 8,696.43 8,801.32
Polyvinyl 5,729.00 5,764.09 5,909.97 5,992.18 6,075.54
Polypropylene 8,581.00 8,520.74 8,672.55 8,757.60 8,843.50
Synthetic Rubber 15,850.00 15,888.02 16,255.76 16,461.81 16,671.03
Soda Ash 1,212.00 1,209.64 1,187.15 1,174.91 1,162.79
Neodymium 1,085,000 1,088,935 1,127,098 1,148,690 1,170,715
Sulfur 4,750.00 4,767.05 4,932.40 5,025.98 5,121.45
Tellurium 775.00 776.41 789.96 797.55 805.23
Urea 599.50 603.36 641.11 662.93 685.53
Di-ammonium 647.50 649.25 666.15 675.67 685.31
Magnesium 17,700 17,733 18,056 18,236 18,419
Gallium 1,975.00 1,981.19 2,041.16 2,074.94 2,109.50
Germanium 15,250 15,268 15,445 15,544 15,643
Manganese 33.95 33.98 34.28 34.44 34.61
Indium 4,750 4,794 5,231 5,489 5,760
Kraft Pulp 5,268.00 5,251.48 5,094.68 5,009.87 4,926.63

Index Price Signal Q1/26 Q2/26 Q3/26 Q4/26
Baltic Dry 2,028.00 2,044.05 2,201.60 2,293.67 2,389.80
CRB Index 461.82 463.02 474.66 481.22 487.87
GSCI 722.86 724.88 744.40 755.46 766.59
SSE Commodity Index 7,552.46 7,533.34 7,351.56 7,252.62 7,155.95
Containerized Freight Index 1,710.35 1,723.44 1,851.63 1,926.71 2,004.70
EU Carbon Permits 69.16 68.87 66.08 64.60 63.14
Wind Energy Index 23.45 23.53 24.32 24.77 25.23
Nuclear Energy Index 49.31 49.71 53.67 56.00 58.42
Solar Energy Index 55.91 56.30 60.11 62.33 64.63