The latest Market Talks covering Commodities. Published exclusively on Dow Jones Newswires throughout the day.

0902 ET - Crude futures are lower following six straight session of gains with the market looking to Scott Bessent's afternoon press conference where the Treasury Secretary plans to give details of increased U.S. economic sanctions against Iran. The measures "could inflict significant economic pain on Iran, potentially moving the needle toward renewed and more serious talks with the U.S.," Peter Cardillo of Spartan Capital says in a note. WTI is down 1.7% at $85.58 a barrel and Brent is 1.3% lower at $93.14 a barrel. (anthony.harrup@wsj.com)

0659 ET - For Canadian wood products companies, exposure to the new U.S. tariffs should be minimal and manageable, says RBC's Matthew McKellar. In a report, the analyst says that the trade friction primarily hits niche value-added products like engineered wood, paperboard and corrugated boxes. For those, operational flexibilities and shifting where products are produced give Canadian producers a buffer against the worst drag on earnings. Meanwhile, major commodities such as lumber and oriented strand board are completely exempt from the new tariffs, McKellar notes. Still, he says that the tariff environment remains dynamic and there is "significant uncertainty around potential further action by either the U.S. or Canada." (adriano.marchese@wsj.com)

0651 ET - Cryptocurrencies could remain supported if U.S. Treasury yields continue to recover from a recent buyback announcement, Block Scholes analyst Thahbib Rahman says in a note. The Treasury last week announced increased buybacks of long-term bonds but this failed to have a lasting impact in lowering yields, he says. Should the impact of the Treasury's efforts to lower yields continue to fade, cryptocurrencies and gold could rise against a weaker dollar in debasement trades. These are where surging government debt causes investors to turn to other assets, he says. Bitcoin rises 0.2% to $77,571 after reaching a three-month high of $79,455 Friday. Ether gains 0.6% to $2,463 after hitting a six-month high of $2,545 Saturday. (renae.dyer@wsj.com)

0622 ET - Corn contracts rise to their highest levels since July 2023 amid concern around pressures in the Black Sea and lower-than-expected U.S. yields. "U.S. corn estimates pointed to lower corn yields, while continued attacks in the Black Sea disrupted exports," Rabobank analysts write. U.S. agricultural group Pro Farmer estimated Friday the 2026 U.S. corn crop will come in at 15.344 billion bushels amid inconsistent field performance, with yields at their lowest level since 2020. Meanwhile, Ukrainian President Volodymyr Zelensky said Russia refused a truce that would halt attacks against ships carrying grains through the Black Sea. Front-month corn contracts jump 2.65% to $5.22 a bushel, up around 26% from the contract's June lows. (josephmichael.stonor@wsj.com)

0609 ET - Palm oil fell in Asian trade. Nomura expects CPO prices to decline to around 4,600 ringgit a ton this week due to a strengthening ringgit, weaker exports from Malaysia and softer soybean oil prices, its analysts write in a note. However, should exports strengthen due to stronger demand, CPO prices could trade around 4,700 ringgit a ton, they add. The Bursa Malaysia Derivatives contract for November delivery fell 72 ringgit to 4,946 ringgit a ton. (kimberley.kao@wsj.com)

0403 ET - Investors in Indonesia are likely shifting their attention to the Strategic Mineral and Commodity Exchange, which is set to be launched in January, Maybank Sekuritas's Jeffrosenberg Chenlim says in an email. The exchange, which is likely to be operated under sovereign wealth fund Danantara, will facilitate transactions in strategic commodities, he says. It would also serve as a price-discovery mechanism to enhance transparency and help address issues including under-invoicing and transfer pricing. This comes after market sentiment received a further boost from President Prabowo Subianto's recent comments that the sovereign wealth fund's Danantara Sumberdaya Indonesia will remain a facilitator rather than a trading house. "This clarification helps alleviate concerns over potential direct government intervention in commodity trading activities," he says. (amanda.lee@wsj.com)

0356 ET - Copper prices trade above $14,200 a metric ton as a weaker dollar last week boosted investor appetite, while markets keep a close eye on shifts in global inventories. "A surge in deliveries into LME warehouses helped ease the market's most acute tightness," analysts at ANZ say. "Nevertheless, concerns over import tariffs mean the U.S. could still draw additional metal from international markets." In early European trading, three-month futures on the London Metal Exchange rise 0.2% to $14,207.50 a ton, up more than 4% on the month. (giulia.petroni@wsj.com)

0351 ET - Indonesia's fight against underinvoicing exports could have a positive impact on the country, says Maybank Sekuritas's head of research, Jeffrosenberg Chenlim. Danantara Sumberdaya Indonesia, a newly formed arm of Indonesian sovereign-wealth fund Danantara, is primarily aimed at combating underinvoicing, and improving price transparency and transaction monitoring, Chenlim notes. Successful implementation of DSI's efforts could help increase state revenues while enhancing Indonesia's leverage in shaping global pricing for its major export commodities, Chenlim says. This could support higher export receipts and help Indonesia build a stronger foreign exchange reserve position, Chenlim adds. (kimberley.kao@wsj.com)

0337 ET - Oil prices fall more than 1.5% as investors await details on expected U.S. sanctions on Iran. "The move could further tighten global oil supplies, with Iranian exports already disrupted and offers to China reduced," analysts at Saxo Bank say. In early European trading, Brent crude is down 1.7% to $91.01 a barrel, while WTI futures slide 2.1% to $85.20 a barrel. Both benchmarks closed last week more than 6% higher as talks to reopen Hormuz hit a stalemate and President Trump announced plans to tighten the economic squeeze on Tehran. U.S. Treasury Secretary Scott Bessent is set to ​hold a press conference at 2 p.m. Eastern time when he is expected to announce details about new economic sanctions against Iran. (giulia.petroni@wsj.com)

0345 ET - Gold prices climb above $4,700 a troy ounce as investors await the release of key U.S. inflation data and Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole symposium. In early European trading, New York gold futures rise 0.4% to $4,700.50 an ounce, their highest since mid-May. "The Treasury's surprise ramp-up in buybacks of long-dated government debt revived concerns about a weaker dollar and pushed investors toward alternatives," analysts at Saxo Bank say. Meanwhile, silver is down 0.8% to $69.01 an ounce, while platinum rises 0.6% to $1,906.50 an ounce. (giulia.petroni@wsj.com)

0323 ET - The success of Indonesia's efforts to increase price transparency for key export commodities will depend on the execution of its plans for a commodity bourse, says Maybank Sekuritas's head of research, Jeffrosenberg Chenlim. "A transparent and liquid trading platform could strengthen tax compliance, improve price transparency, and support the development of domestic benchmark prices for Indonesia's key export commodities," Chenlim says. However, setting up such a platform successfully won't be easy, Chenlim says. The market will likely wait for further details on the platform's execution, governance and participation framework, as well as operational structure, before assessing whether it will be effective, Chenlim adds. (kimberley.kao@wsj.com)

0259 ET - Comex gold futures may extend their uptrend, RHB Retail Research's Joseph Chai says in a research report. The futures closed Friday with a long bullish candlestick pattern on the daily chart, the analyst notes. Riding on this strong momentum, the commodity could stage a clear break above resistance at $4,650.00 per ounce, Chai says. Also, the 20-day simple moving average is trending upward, serving as support on the downside, the analyst says. Initial support is pegged at $4,300.00 per ounce, Chai adds. Spot gold is currently testing the $4,650.00-per-ounce level, and is last 1.0% higher at $4,650.43 per ounce.