Commodities Wrap 10 November: Cocoa Settles 4.86% Lower as Soybeans Climb 3.35%
First published at 11:29 GMT; updated with the session’s settlements at 21:58 GMT.
The Takeaway: Cocoa settled 4.86% lower on Tuesday, the deepest fall among the contracts we track, while soybeans rose 3.35% to lead the gainers. CNBC reported that Brent briefly fell below $90 a barrel for the first time since August on hopes for an end to Washington’s conflict with Iran. Natural gas was the only energy contract to rise.
All five metals settled lower on Tuesday, with gold down 2.05% at $4,030.20 an ounce and silver posting the steepest fall of the group.
Brent dips below $90 before settling lower
CNBC reported that Brent briefly fell below $90 a barrel for the first time since August on Tuesday, as comments from President Donald Trump fueled hopes for an end to Washington’s conflict with Iran. Brent’s January contract settled 1.17% lower at $91.49 a barrel. The same report put its session low at $89.16.
WTI fell 0.93% to $86.04. Natural gas rose 2.42%, the only energy contract to gain.
Metals fall together as soybeans lead the crops
Silver fell 2.79%, the steepest drop among the metals, and palladium slipped 0.07%, the smallest. Soybeans rose 3.35% to lead the contracts we track, with corn and wheat also higher. Cocoa fell 4.86%, the deepest fall of the 17; the tables carry the rest.
Energy
| Contract | Settled | Change |
|---|---|---|
| Natural Gas, NYMEX (Dec’26), $ per million Btu | 3.296 | +2.42% |
| WTI Crude, NYMEX (Dec’26), $ a barrel | 86.04 | -0.93% |
| Brent Crude, ICE (Jan’27), $ a barrel | 91.49 | -1.17% |
| RBOB Gasoline, NYMEX (Dec’26), $ a gallon | 2.6088 | -1.59% |
| Heating Oil ULSD, NYMEX (Dec’26), $ a gallon | 4.1309 | -1.99% |
Official settlements for Tuesday 10 November as published by the exchanges and carried in the feed’s dated settlement fields, ranked by change against Monday’s official settlements; the Brent row runs on the January 2027 contract and the gasoline and heating oil rows on December, each against its own prior settlement.
Metals
| Contract | Settled | Change |
|---|---|---|
| Palladium, NYMEX (Dec’26), $ an ounce | 1,020.80 | -0.07% |
| Platinum, NYMEX (Jan’27), $ an ounce | 1,538.40 | -1.49% |
| Copper, COMEX (Dec’26), $ a pound | 6.2345 | -1.73% |
| Gold, COMEX (Dec’26), $ an ounce | 4,030.20 | -2.05% |
| Silver, COMEX (Dec’26), $ an ounce | 51.225 | -2.79% |
Same basis, ranked by change.
Agriculture
| Contract | Settled | Change |
|---|---|---|
| Soybeans, CBOT (Jan’27), cents a bushel | 1,228.00 | +3.35% |
| Corn, CBOT (Dec’26), cents a bushel | 449.00 | +2.22% |
| Wheat, CBOT (Dec’26), cents a bushel | 592.75 | +0.81% |
| Cotton, ICE (Dec’26), cents a pound | 78.69 | -0.11% |
| Coffee, ICE (Mar’27), cents a pound | 265.90 | -0.51% |
| Sugar, ICE (Mar’27), cents a pound | 18.09 | -0.66% |
| Cocoa, ICE (Mar’27), $ a tonne | 4,871.00 | -4.86% |
Same basis, ranked by change; coffee, cocoa and sugar run on their March 2027 contracts, each against that contract’s own Monday settlement.
Currencies, volatility and crypto
| Asset | Level | Change |
|---|---|---|
| Cboe Volatility Index | 19.46 | -2.31% |
| Bitcoin, dollars | 73,809.35 | -1.25% |
| US Dollar Index (DXY) | 102.25 | +0.58% |
| Euro/Dollar | 1.1163 | -0.53% |
| Sterling/Dollar | 1.3344 | -0.71% |
| Dollar/Yen | 158.77 | +0.55% |
Quotes at 21:45 GMT, in fixed order; no daily settlement on these rows, and changes are measured against the feed’s previous closing levels at that time; the VIX row is the session’s last reading.
What to watch: The Federal Reserve observes the Veterans Day holiday on Wednesday 11 November, and its daily and weekly statistical releases scheduled for that day will be published on Thursday 12 November. Fed Governor Michael Barr speaks on artificial intelligence and inequality the same Thursday.
Levels in the commodity tables are the exchanges’ official settlements for Tuesday 10 November as carried by the price feed’s dated settlement fields, measured against Monday 9 November’s settlements as published; the currencies, volatility and crypto rows are the feed’s quotes at 21:45 GMT against its previous closing levels at that time; percentages and counts not attributed to a source are The Edge’s calculations.
How these wraps are prepared: Methodology.
Sources: CNBC, Federal Reserve, The Edge.
