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

0331 GMT - Adaro Andalan Indonesia may be eyeing a special dividend after monetizing its stake via the sale of the Kestrel coal mine to Yancoal Australia, Citi analyst Ryan Davis says in a note. AADI was in a net cash position as of FY2025, making a full special dividend [of around 15%] likely, Citi says. Post-divestment, AADI can sharpen its focus on its core thermal coal assets, while Alamtri Minerals Indonesia anchors the group's exposure to metallurgical coal and downstream minerals, Citi says. Adaro Andalan Indonesia stock is up 5.6% at 10,875 rupiah. (venkat.pr@wsj.com)

0247 GMT - Palm oil prices fall in early Asian trade amid weak sentiment. Prices are recently lower due to a decline in crude oil costs, which weakens the appeal of biofuels and highlights a negative demand outlook for palm oil, AmInvestment Bank says. The palm oil market now focuses on its own fundamentals, as production increases and demand remains weak, it adds. The Bursa Malaysia Derivatives contract for June delivery is 31 ringgit lower at 4,435 ringgit a ton.(amanda.lee@wsj.com)

0244 GMT - Iron ore prices rise amid higher demand. Chinese steel mills are in active production as end-user consumption is rebounding, Baocheng Futures says in a research note. Given the high supply and inventory levels, fundamentals of the iron ore market are operating with a weak but stable trend, they say. Accordingly room for incremental improvement in prices is limited, they add. The most-traded iron-ore contract on the Dalian Commodity Exchange is up 0.6% at 761.0 yuan a ton. (sherry.qin@wsj.com)

0154 GMT - Delfi stands to benefit from falling cocoa prices, UOB Kay Hian analysts say in a research report. Cocoa prices have dropped over 60% from their 2024-2025 peaks, signaling a reversal of cost pressures that drove the chocolate confectionery product manufacturer's 2025 margin compression, the analysts say. With cocoa costs now correcting sharply, the brokerage expects a lagged but meaningful recovery in Delfi's gross margins in 2026-2027, supporting improved operating leverage and earnings recovery. Cocoa-price normalization reflects improving supply conditions in key producing regions, with expectations of surplus in 2026-2027 seasons. The brokerage raises the stock's target price to S$1.68 from S$1.12 with an unchanged buy rating. Shares are 2.5% lower at S$1.19. (ronnie.harui@wsj.com)

0109 GMT - Copper rises in early Asian trading, with the three-month contract on the London Metal Exchange 0.2% higher at $13,309.50 a metric ton. The prospect of U.S.-Iran peace talks has boosted market sentiment and broadened risk appetite among traders, propelling the metal to a one-month high, ANZ Research analysts say in a note. ANZ also attributes the gains to encouraging commodity trade data out of China, with copper ore and concentrate imports rising almost 7% on year. "This indicates strong demand from domestic smelters despite unfavorable treatment charges," ANZ adds. (jason.chau@wsj.com)

0003 GMT - Evolution Mining might slightly underperform peers after reporting higher-than-expected 3Q costs, says Ord Minnett analyst Paul Kaner. Evolution's 3Q all-in sustaining cost of A$2,220/oz is 9% higher than the broker expected and 16% above consensus, he says. Still, gains in gold prices overnight could offset the miss "given the large/liquid/relative operational delivery appeal in the name," says Kaner. The broker has an accumulate rating and A$13.10/share target on the stock. Shares are up 4.7% at A$13.81. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

2334 GMT - Gold edges lower in early trade on a possible technical correction after front-month Comex gold futures rose 1.7% overnight. Tuesday's gains came as positive diplomatic signals between the U.S. and Iran helped fuel hopes of a resolution to the disruption in the Strait of Hormuz, Naga's Frank Walbaum says in an email. This weighed on oil prices, easing inflation concerns, the market analyst says. "Looking ahead, gold's direction will depend on the evolution of geopolitical negotiations," the analyst adds. Spot gold is 0.1% lower at $4,835.85 per ounce. (ronnie.harui@wsj.com)

1950 GMT - Chili's has a strategy for juicing its sales -- creating new chicken sandwiches. Brinker International's casual dining chain is launching six new flavors of its Big Crispy chicken sandwich, and analysts from Raymond James are optimistic that the shake-up could help Chili's capture more of the increasingly competitive chicken-sandwich market. Chili's has historically underperformed in this category partly because its chicken sandwich was difficult to find on its menus, the analysts say. The new chicken sandwiches, which include honey-chipotle and buffalo flavors, will be more prominently featured in Chili's menus and advertising, the analysts say. The market for chicken sandwiches has become increasingly crowded, as Chick-fil-A, Dave's Hot Chicken and other brands compete to deliver the best tasting and most affordable sandwich. (chris.kuo@wsj.com)

1927 GMT - U.S. natural gas futures slip for a fifth consecutive session with a mild weather outlook pointing to sluggish demand and strong inventory builds. A drop in benchmark European gas prices along with oil futures curbed what little of the Middle East risk premium has seeped into the U.S. natural gas market. "What's also aiding weakness in U.S. natural gas markets are bearish April weather patterns and relatively healthy supplies as [storage] surpluses increase towards +150 Bcf after the next two EIA reports are accounted for," NatGasWeather.com says in a note. Nymex natural gas settles down 1.1% at $2.599/mmBtu. (anthony.harrup@wsj.com)

1921 GMT - Oil futures fall as the market keeps up hope for U.S.-Iran negotiations while the cease-fire in the Persian Gulf holds despite the breakdown of talks over the weekend. The IEA said it now expects global oil demand to fall by 80,000 barrels a day this year, including a drop of 800,000 b/d in March from the year-earlier month and 2.3 million b/d in April. "Demand destruction will spread as scarcity and higher prices persist," the agency said. "It remains unclear whether the cease-fire will turn into a lasting peace and a return to regular shipping flows through the Strait of Hormuz." WTI settles down 7.9% at $91.08a barrel, and Brent falls 4.6% to $94.79. (anthony.harrup@wsj.com)

1910 GMT - Livestock futures close mixed as live cattle reach new highs while lean hogs weaken. Cattle extend a historic rally, with the most-actively traded contract rising 1.2% to $2.51425 a pound, a new all-time high, according to FactSet. Lean hogs go the opposite direction, falling 0.7% to $1.0245 a pound. (paulo.trevisani@wsj.com; @ptrevisani)

1830 GMT - Treasury yields and the dollar fall as odds of interest rate cuts by the Fed increase following a cooler-than-expected inflation measure. The March PPI wholesale price gauge prints 0.5%, matching February's downwardly revised figure, but much lower than the 1.1% forecast by economists surveyed by WSJ. The CME's FedWatch tool shows odds of one or more cuts this year at 33.9%, up from 30.8% yesterday. A hold remains the highest probability, at 65.8%. The 10-year yield trades at 4.258%, on path for its lowest close since March 18. The WSJ Dollar Index falls 0.4%. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

April 15, 2026 00:15 ET (04:15 GMT)

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