Copper miners, +4.29% to 85.75. The day-four Centinela strike in Chile is repricing copper supply risk, with unions warning November output at the mine could be cut in half; Ivanhoe’s third-quarter copper output jumped 19 percent on the Kamoa-Kakula rebound. See today’s mining stories on the Centinela strike and Ivanhoe’s quarter.
Corn, -4.1% to 479.8 cents. USDA’s October WASDE raised the 2026 corn yield to 181.2 bushels an acre, up 2.7 from September and well above the roughly 177.6 the trade expected, pushing projected production to 16.034 billion bushels. See today’s WASDE story.
Dry bulk freight, -4.07% to 13.89. No clear single driver in this morning’s reporting; the container and port surcharge flow is a separate story. The move stands unexplained by today’s coverage.
Amazon, +3.29% to 262.43. A relief bounce after Thursday’s OpenAI-revenue-driven selloff; Amazon and Microsoft are being repriced as the buildout’s safest credits while semiconductors stayed soft.
Gold miners, +2.95% to 89.28. Gold rose 1.43 percent to $4,216 on safe-haven and supply-risk buying, with the Iran campaign, the Hormuz tanker squeeze, and the Gaza war’s one-year mark all in the background.
Silver, +2.72% to $60.67. Bid after September’s slide, riding the same precious-metals bid as gold.
Silver miners, +2.56% to 86.85. Tracking silver’s move higher.
Microsoft, +2.38% to 535.07. The same AI-trade relief bounce as Amazon, adjacent to Microsoft’s launch of its Decision-1 model.
The overnight read splits cleanly: physical supply shocks are moving commodities in both directions (copper up on strike risk, corn down on a supply glut, dry bulk down on no clear driver), while megacap tech’s bounce is pure sentiment repair after the OpenAI scare. Precious metals sit in between, bid on geopolitical risk while the miners outperform the metal on operating leverage. The day’s watch is whether harvest confirmation trims the WASDE shock and whether the tech bounce survives the weekend news flow.