Commodity Market Overview - June 2026
Introduction of New Commodities
In June 2026, new commodity instruments have been introduced, focusing on European markets and soft commodities, including TTF gas, robusta coffee, cocoa, white sugar, and orange juice. These instruments allow for more precise trading based on geographical and quality factors.
TTF Natural Gas (NATGAS.EU)
The European gas market is experiencing heightened volatility, with prices fluctuating between 40 and 50 EUR/MWh. This volatility is driven by uncertainties in global LNG supplies and increased demand due to summer heatwaves. The TTF prices are significantly higher than the US Henry Hub prices due to Europe's competitive position in the global LNG market.
Robusta Coffee (COFFEE.EU)
Robusta coffee prices have recently cooled to around 3,500 USD per ton, influenced by expectations of larger harvests from Indonesia and Brazil. However, the market remains sensitive to weather conditions, particularly due to the impact of El Niño on Vietnamese production. The correlation between robusta and arabica coffee prices remains high despite differing fundamentals.
Cocoa (COCOA.EU)
The cocoa market in the UK is on an upward trend, nearing 4,000 GBP per ton. Despite increased exports from Nigeria and Ivory Coast, concerns about the upcoming harvests due to adverse weather and diseases are driving prices higher. The COCOA.EU instrument is affected by the GBP/USD exchange rate and local EU regulations.
Orange Juice
Frozen concentrated orange juice prices are rebounding after a significant drop, influenced by past fears of crop failures in the USA. The market is characterized by low trading volumes and is highly sensitive to local weather conditions in Brazil and Florida, which can lead to drastic price movements.
White Sugar (SUGAR.EU)
The white sugar market is currently stable, with prices rising to nearly 470 USD per ton. Factors such as a heatwave in Central Europe and India's export ban are influencing market dynamics. The SUGAR.EU instrument reflects the European market's conditions, which differ from the raw sugar market in the USA.