Commodities Wrap 5 October: Sugar Jumps 4.26 Percent Again as Brent Slips Below 100 Dollars in Late Trade

By The Edge Research Team

Sugar jumped 4.26 percent on Monday to lead our commodities board for a second straight session, and the crude rows told the opposite story: Brent settled 1.89 percent lower at 100.32 dollars a barrel on the December contract and WTI 1.84 percent lower at 89.43, per the Reuters settlement report, with Brent trading below the hundred line at 99.99 on our 19:02 GMT row and gasoline the board’s deepest row at 2.50 percent. Reuters tied the day’s decline to rising Middle East crude exports and the Group of Seven’s pledge to boost supplies, in the first session after the seven OPEC plus countries decided on Sunday to maintain September’s required production for November, per the organization’s own release. All five metal rows rose, led by platinum at 1.86 percent, and the Cboe Volatility Index climbed 1.89 percent.

Brent slips below 100 dollars in late trade as the crudes and gasoline sink

The energy table split clean down the middle. Natural gas rose 0.99 percent to 3.065 dollars a million Btu and heating oil added 0.22 percent, while the two crudes and gasoline sank together: Brent settled 1.93 dollars lower at 100.32 on the December contract and WTI 1.68 dollars lower at 89.43 on the November contract, per the Reuters settlement report, and on our 19:02 GMT rows Brent traded at 99.99 in late trade, below the hundred line that Friday’s written settlement had recovered, with WTI at 88.95 and RBOB gasoline down 2.50 percent, the deepest row on the board. Reuters tied the decline to crude exports from the Middle East rising and the Group of Seven nations’ pledge to boost supplies, with selling limited by disruption fears linked to the war with Iran, as it carried it, in the first session after the seven OPEC plus countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, decided on Sunday to maintain September 2026 required production for November, per the organization’s own release. On the reference rows, the dollar index stood 0.23 percent higher at 102.171 and the euro 0.35 percent lower at 1.1214, after touching a 17 month low of 1.1160 overnight, per Reuters.

Sugar leads the board again as all five metals rise

The softs did the lifting on the green side. Sugar added 0.85 cent to 20.78 cents a pound on the March 2027 contract, the board’s strongest row for a second straight session on our records after Friday’s 5.12 percent jump, with cocoa 3.21 percent higher at 5,852.00 dollars a metric ton, cotton up 2.52 percent and coffee 1.59 percent higher. Wheat rose 1.24 percent and soybeans 0.22 on their settled prints, and corn’s 0.05 percent slip was agriculture’s only decline. The metals table had no red rows: platinum rose 1.86 percent to 1,731.70 dollars an ounce, silver 1.80 percent to 61.50 and copper 1.42 percent to 6.642 dollars a pound, with palladium 0.75 percent higher and gold edging 0.13 percent up to 4,167.90 dollars an ounce after trading lower through the European afternoon on our published rows. The volatility index rose 1.89 percent to 15.60 and bitcoin added 0.21 percent at 85,606.60 dollars.

Energy

Levels as displayed in the price feed at 19:02 GMT on Monday 5 October 2026, ranked by change and measured against Friday’s settlements as carried in the feed; post settlement window quotes, not the day’s written settlements, which Reuters reported at 100.32 dollars for Brent, down 1.93, and 89.43 for WTI, down 1.68. The Brent and WTI reference values match Friday’s written settlements of 102.25 and 91.11 dollars, as published in our Commodities Wrap of 2 October 2026, on the December and November contracts. Contract months as the feed displays them.

Metals

Same read and basis, ranked by change; every metal row closed higher, and changes are against Friday’s settlements as carried in the feed.

Agriculture

Same read and basis, ranked by change; the table carries five of the seven rows we track, with wheat at 1.24 percent and soybeans at 0.22 omitted in the middle, and the grain rows carry Monday’s settled prints as the feed displays them.

Rates, currencies, volatility and crypto

Reference rows at the same read, ranked by change; intraday levels, with the bitcoin row the Coin Metrics dollar price as the feed carries it.

Why it matters: The board ran in two directions at once: the softs and every metal rose while the two crudes and gasoline fell more than two percent each, and sugar’s 4.26 percent jump kept the top row it took on Friday, on our records. Brent settled 1.89 percent lower and traded below one hundred dollars only in late trade, with the day’s decline tied by Reuters to rising Middle East crude exports and the Group of Seven’s supply pledge, in the first session after the seven OPEC plus countries kept September’s required production for November, and the volatility index’s 1.89 percent rise sat beside a firmer dollar and a euro still near its overnight 17 month low, per Reuters. Across the metals, platinum’s 1.86 percent gain led a table with no red rows, with gold’s 0.13 the shallowest climb.

Outlook: Our US wrap follows tonight with Wall Street’s closes and carries this board’s tables. This series returns tomorrow with Tuesday’s session, Wednesday’s Federal Reserve minutes, as published in our Week Ahead of 3 October, remain the week’s policy test, and the seven OPEC plus countries meet again on 1 November, per the organization’s release.

Sources: CNBC, Reuters, OPEC, The Edge.

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